Small Business Payroll Loans Defined & Explained
Share this article:
Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
What Are Payroll Loans?
How Payroll Loans Work
What Can Payroll Loans Be Used For?
4 Types of Payroll Loans
1. Invoice Factoring
2. Short-Term Loans
3. Cash Advances
4. Lines of Credit
Pros and Cons of Payroll Loans
Pros of Small Business Payroll Loans
Cons of Small Business Payroll Loans
Applying for Business Payroll Loans
Payroll Loan Requirements
Business Credit Score
Business History
Debt to Equity Ratio
Business Plan
Collateral
What Are Other Small Business Loan Options?
Inventory Financing
Equipment Loans
Looking for a Small Business Loan?
Frequently Asked Questions
About the Author
Share this article: