Paychex Inc. has unveiled Paychex Funding Solutions, designed to provide small- and mid-sized businesses with quick access to capital through invoice factoring. The service, offered by Paychex subsidiaries Advance Partners and Alterna Capital Solutions, helps businesses secure up-front funding based on their assets.
The solution aims to address critical financial needs such as payroll, vendor payments, and reinvestment for growth. Available to any B2B organization, it does not require businesses to be Paychex payroll clients and is similar to Sample Receipt Invoice Template.
“Quick access to capital can be the difference between staying open or closing,” said Liz Roaldsen, Paychex senior vice president, emphasizing its importance for overcoming financial hurdles.
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