Scale your business and make sure your cash flow is protected with our flexible payroll loans

At Hammond Rock, we provide flexible and tailored payroll loans that support businesses across the UK to ensure your employees can be paid in full.

With our payroll loan solutions, you’ll be able to keep the trust of your employees and ensure that your business continues to run smoothly. Our team of experts will also be able to help you take out emergency payroll loans, enabling you to get the finance paid out between 24-48 hours.

Check your eligibility

What is a Payroll Loan?

A payroll loan is a short-term type of business financing that can be taken out to ensure businesses are able to pay their employees their full salaries. Payroll loans can be taken out fairly quickly because they are usually approved by online and non-traditional lenders.

Usually, payroll loans are taken out when there is limited financing available, allowing business owners to pay the wages of their employees. This is also a great way to be able to ensure the trust between employers and employees isn’t broken.

Get in touch for your payroll loan solution

Types of payroll loans we can help you find

Short-term business loans

Based on the business’s creditworthiness, it will receive a lump sum that is paid back in regular instalments.

Business line of credit

This functions like a credit card with a low interest rate. Businesses are able to withdraw as much as they want, when they want, up to their borrowing limit.

Invoice financing

Businesses can borrow against their unpaid invoices without having to worry about having to provide extra collateral, due to the invoices acting as security.

Merchant cash advance

This is available to businesses that accept customer payments by credit or debit cards. With this option, businesses will be able to borrow against the value of their sales, so if they sell more, they’ll be able to borrow more.

Revenue financing

With this option, businesses will be able to borrow a higher amount of money compared to a merchant cash advance. Borrowing limits are based on the size and regularity of total revenue.

Trusted by businesses across the UK

    
 
 
       Posted on Google  
   
   Kerem van Pelt 
 
 
 
 Trustindex verifies that the original source of the review is Google. Excellent experience! Enzo was helping us to secure businesses finance and was extremely helpful. Will definitely come back again in the future. We applied and got he funds on the same day. 100% recommended!
  
 
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   Hally Oba 
 
 
 
 Trustindex verifies that the original source of the review is Google. Enzo promised results and he delivered where no one was able to. I had given up on getting a business funding. Great team
  
 
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   Chantel Machiri 
 
 
 
 Trustindex verifies that the original source of the review is Google. Enzo  made the whole process seamless and communicated every step of the way. Excellent service!
  
 
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   Adetege Sofela 
 
 
 
 Trustindex verifies that the original source of the review is Google. Enzo was so exceptional and detailed! Process was very quick as well
  
 
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   Naomi Muyambi 
 
 
 
 Trustindex verifies that the original source of the review is Google. It was great service
  
 
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   Joanne-Marie Caramba-Coker 
 
 
 
 Trustindex verifies that the original source of the review is Google. Thank you very much to Luke Purnell from Hammond Rock in assisting me to get some additional funding for my company. The whole operation went very smoothly.
  
 
      Posted on Google  
   
   Mary Marigi 
 
 
 
 Trustindex verifies that the original source of the review is Google. I highly recommend Hammond Rock ,I communicated with Mr luke Purnell from the begining and every moment was so smooth, as he was very calm and supportive by explaining more about finance and at the end of it all, i got what i wanted. The service was quick and transparent. I have no doubt recommending this company to anyone that may need their help.
  
 
      Posted on Google  
   
   John Adorno 
 
 
 
 Trustindex verifies that the original source of the review is Google. We worked with Enzo on funding we found him to be very proffessional and  pleasantly easy to deal with

Repayment Calculator

At Hammond Rock, we make sure that you can enjoy stress-free automated repayments with our competitive pricing. To get more of an idea of how much your estimated monthly repayments could be, make sure to use our repayment calculator below.

Using the repayment calculator below is easy. All you need to do is:

Choose the type of finance you need
Enter the amount of money you want to borrow for the payroll loan
Select your preferred repayment method, along with the credit profile that best describes your business.

Please note that the payroll loan figures shown are for illustration purposes only. They’re a great starting point, however, when planning your next investment with us. When you’re ready, our experienced team will search our extensive panel of lenders to find a finance solution tailored to your business, with competitive rates and flexible terms.

*We are a business finance broker, not a lender. Our team will transparently guide you through the lending process, giving you as much information as possible so that you can make an informed decision.

Finance type

Amount

Term

Credit profile

For illustration purposes only. This calculation is not a quote or an offer of finance. Actual rates depend on your circumstances and are subject to credit status, affordability checks and lender criteria. Subject to status and lender approval.

Monthly payments from — per month

Interested to find out more?

Pop a few details in below and we will contact you to discuss your options

Emergency payroll loan

You can expect similar terms and conditions with emergency payroll loans. There are a few differences between a payroll loan and an emergency payroll loan; the main difference is that the standard payroll loan will be paid out between 2 and 7 business days, whereas with emergency payroll loans, the money gets paid out either on the same day or within 24 hours.

When to use an emergency payroll loan

Cash flow bottlenecks happen to healthy, thriving businesses every single day. A short-term funding gap doesn’t mean your business is failing. It is usually just a side effect of growth, long payment terms or timing misalignments.

Here are the most common scenarios where our business clients rely on an emergency payroll loan:

Delayed Client Invoices

You may be facing a delay in invoices being paid by clients. Our team will get the finances to you while you wait for your invoices to be paid.

Rapid Growth and New Contract Scaling

Maybe you’ve just won a new client and need to increase resource within your team by onboarding extra staff. Now, you can cover any upfront wages.

Seasonal Sales Cycles

Make sure you retain your staff and keep skilled employees by being able to pay their wages during off-peak trading months.

Handling Unexpected Tax or Emergency Bills

Have you received a sudden, unexpected HMRC bill or direct debit adjustment? Maybe there’s been an urgent equipment repair that has drained your budget. Make sure that you can separate your obligations to your employees from emergency capital so that your payroll remains up-to-date.

Are you facing a tight payroll deadline this week? Don’t let payment delays jeopardise your workforce’s trust. Get matched with lenders offering same-day funds.

Why Take Out a Payroll Loan for Your Business?

Increased workforce productivity and less absenteeism

Your employees will feel more secure within their jobs, as they won’t need to worry about whether or not they’ll receive their wages.

Mitigates seasonal hazards

If your business goes through seasonal sales cycles, having a business payroll loan will help ensure stability amongst your employees and staff retention.

Compliance

With a business payroll loan, you’ll be sure to remain compliant with PAYE and National Insurance (NI) regulations.

Prevent legal disputes

Businesses will be able to prevent tribunal disputes related to late salary payments.

Enables growth and scaling

With a business payroll loan, businesses are able to scale and grow on a faster timescale without having to wait for the more traditional bank loans or without having to wait for new revenue streams to mature.

How can I get started with a payroll loan?

If you’re ready to start your payroll loan process, here’s what the next steps will look like:

Apply online for your payroll loan in minutes
Expect fast approval

Automated repayments are part of what we offer, too, so you can rest assured that your repayments will be as smooth as possible.

Check your eligibility

Why Choose Hammond Rock for Your Payroll Loan?

Expert Knowledge

We understand the financial landscape and can navigate complex funding options, ensuring the best fit for your needs.

Access to Multiple Lenders

Access to a wide range of lenders, increasing the chances of securing competitive rates and terms.

Time-Saving

We handle the research, paperwork, and negotiations, saving you time and effort during the application process.

Tailored Solutions

We assess your business’s unique requirements and recommend customized finance options, helping you secure the right funding.

Our Payroll Loan Experts

David is a co-founder of Hammond Rock and brings a hands-on, forward-thinking approach to the business. With a strong background in technology and business development, David is focused on making finance simpler and more accessible, while ensuring Hammond Rock delivers a personal, responsive and first-class service to every client.

01908 972445

david.cook@hammondrock.co.uk

http://uk.linkedin.com/in/davidcooknl

As a Senior Broker at Hammond Rock, Enzo brings extensive experience in helping businesses find the right funding solutions. With a strong understanding of commercial finance and a commitment to building lasting relationships, Enzo works closely with clients and lenders to make the finance process straightforward, efficient and personal.

01908 972 445

enzo.seminerio@hammondrock.co.uk

As Commercial Finance Director at Hammond Rock, Luke plays a key role in shaping the direction of the business and supporting clients with their funding requirements. With a commercial approach and a focus on long-term relationships, he works closely with clients and lenders to understand the bigger picture and find finance solutions that work for each business.

01908 972445

luke.purnell@hammondrock.co.uk

Payroll Loans FAQs

Check Elegibility

A payroll loan is a short-term type of business financing that is designed to help businesses cover employee salaries without having to delay them. Payroll loans give businesses quick access to finance so that there is a steady cash flow within the business, payroll delays are avoided, and trust is protected between businesses and employees. Depending on your setup, you’ll be able to enjoy stress-free automated repayments directly from your accounts.

There are a few different types of payroll loan financing options available with Hammond Rock. We offer access to an extensive panel of lenders with tailored finance solutions, including:

Short-term business loans: You’ll receive a lump sum based on the creditworthiness of your business.
Business line of credit: Businesses can withdraw as much as they want, when they want and up to their borrowing limit.
Invoice financing: Businesses can borrow against their unpaid invoices without needing to worry about collateral.
Merchant cash advance: The more you sell, the more you’ll be able to borrow.
Revenue financing: The higher your total revenue is, the more financing you’ll be able to borrow.

The difference between a standard payroll loan and an emergency payroll loan is this:

Standard payroll loan: Typically paid out within 2 to 7 business days.
Emergency payroll loan: Paid out a lot quicker (usually on the same day or 24 hours) to help meet urgent financial deadlines.

The benefits of taking out a payroll loan are that your business is supported in the following ways:

Increased workforce productivity
Supports seasonal pay cycles
Compliance
Prevent legal disputes
Enables growth and scaling

The eligibility criteria to be able to apply for a payroll loan is as follows:

UK Registered Business (Limited Company, LLP, or Sole Trader).
Trading History: Minimum of 6 months of active trading.
Business Bank Account: Must hold an active UK business account.
Minimum Turnover: E.g., Generating £5,000+ in monthly revenue.

Let’s talk, we’re here to help.

Unlock your business’s full potential today with our tailored finance solutions! Whether you need asset finance, a business loan, or funds for a new franchise, we offer flexible, affordable options designed to meet your unique needs.

Our quick and easy application process ensures you get the capital you need when you need it. Don’t let cash flow challenges hold you back—take control and drive growth with confidence.

Request a call back by completing the form to the right or speak to our expert advisors now to find the perfect financing option for your business.

Contact us today and get your business moving forward!

Request a callback