PrismHR and Payroll Funding Join to Provide Quick Access to Funding for HR Service Provider’s Small Business Clients

New PrismHR Marketplace Partner Delivers Funding in as Little as 24 Hours to Help Small Businesses Bridge the Gap as they Await Stimulus L****

PrismHR, the leading HR technology software powering payroll, benefits, and HR for businesses across the U.S., today announced a new partnership with Payroll Funding that can deliver fast access to financial resources for PrismHR’s nationwide network of HR service providers and their small business clients.

Many small businesses are faced with tough economic conditions today due to the COVID-19 crisis. Payroll Funding quickly delivers capital to those businesses, many of whom are awaiting approval from the SBA Paycheck Protection Program (PPP) and need to bridge the gap or require additional funding for operations. Payroll Funding exclusively provides funding to HR service providers’ clients without a written application process, and once approved, no collateral or personal guarantee or security is required. Funds are delivered directly to the small business the day before the payroll check date.

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“We are excited to work with PrismHR to enable HR service providers to offer Payroll Funding to their clients directly through PrismHR’ s Marketplace. During these stressful economic times, HR service providers that rely on PrismHR are looking for every available revenue for short-term funding. Through PrismHR’ s platform, access to Payroll Funding is a click away,” said Will Robins, President of Payroll Funding.

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“HR service providers and their small business climates are in uncharted waters, and access to capital is clearly a huge issue. And while the majority of small businesses seem to be seeking capital through the PPP program, there’s a lot of uncertainty and the funding isn’t coming fast enough. Payroll Funding can help bridge the gap,” said Tim Pratte, Senior Vice President of Diversified Services.

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