Can my trades business get a loan to cover payroll?
Your crew expects their checks on time whether you got paid for that last job or not. We fund trades businesses specifically for payroll all the time.
Timeline to get funded:
- Apply: 5 minutes
- Approval: 2 hours to same day
- Funding: Same/next day in most cases
Qualification checklist:
- $10K+ monthly deposits
- 450+ credit score
- 3+ months in business
- 4 months of bank statements
What missing payroll could mean:
| Issue | Cost |
|---|---|
| Lose skilled workers | Replacing a journeyman costs $3,000-$5,000 in recruiting and lost productivity |
| Team morale damage | Harder to retain quality tradespeople long-term |
| Labor law violations | Penalties start at $1,000+ per violation in most states |
| Reputation hit | Word spreads fast among contractors and workers |
| Job delays | Can't complete jobs without crew, penalties kick in |
Weather delays jobs. General contractors pay slow. Insurance takes forever. If the timing doesn't line up with Friday payroll, you need cash now. We approve based on 4 months of deposit history, not one slow week.
When Friday is coming and the money isn't there, speed matters. There's no time for a bank's 3 month review. Most contractors that use us once come back when they need us again. That's because we get the job done when it matters most, and we get it done fairly and transparently.
Looking for more trades funding information? Explore all trades business loans →