Yes, as long as the new hires produce revenue before the funding is repaid. Budget at least two months of their pay plus onboarding.
Check my optionsGrowth
Hiring is one of the best uses of growth capital when the new person unlocks revenue you are currently turning away. The challenge is timing: wages start on day one, while the revenue a new hire produces usually ramps up over weeks or months.
Amount to request
$85,000.00
Funding range$25K to $5M
*Sample amounts shown. Your actual offer depends on your business and is reviewed before approval.
Net cash, total payback and payment shown before you sign.
Your file goes to funders that fit it, so offers can be compared.
Approved files are usually funded the next business day.
Existing balances of $100,000 or less can be bought out.
Fast decisions. Applying takes about 5 minutes.
A short application. A soft credit pull to start.
We review revenue, time in business and bank activity, not just a credit score.
You see the amount, the schedule and the full repayment amount before you sign.
Funding in as little as 24 hours for qualified businesses.
Begin with the revenue case. A salon turning away 20 appointments a week, a contractor declining jobs because crews are booked, or a restaurant closing a section on weekends because of short staffing all have demand waiting. Estimate how much gross profit the new hire would capture per month once fully productive, then compare it with their fully loaded cost: wages, payroll taxes, workers compensation, benefits and training.
Then model the ramp. Most hires take time to reach full productivity. A technician may need a month of training; a salesperson may need three months to build a pipeline. Funding covers the gap between cost and contribution during that ramp. If a hire costs $5,200 a month loaded and reaches full contribution of $9,000 in gross profit by month three, the funding need is roughly the shortfall in months one and two plus a safety margin.
Choose funding whose payments fit the ramp. A short, high-frequency payment schedule that starts before the hire contributes can strain cash; a slightly longer term or a weekly payment usually fits better. Revenue-based funding can be in place before the start date, and MFE considers credit from 500.
Protect payroll taxes above everything. Using withheld taxes to cover wages creates IRS liabilities and liens that make future funding much harder. Budget payroll taxes as part of the hire cost, and keep a reserve so a slow week never forces that choice.
Here is an offer sized to cover a new hire ramp-up. Illustrative numbers.
| Funding for the project | $75,000 |
| Total payback (factor 1.35) | $101,250 |
| Term | ~36 weeks |
| Payment per week | $2,812 |
| Monthly payment the project must cover | $12,178 |
| Your estimate of added monthly profit | $8,000 |
| Verdict | Does not pay back in time — reduce the amount or rethink |
Illustrative. Replace the estimate with your own numbers before applying.
| Month 1 | Full cost, low contribution |
| Month 2 | Full cost, partial contribution |
| Month 3 | Contribution reaches target |
| Loaded cost | Wages, taxes, comp, benefits, training |
| Funding need | Ramp shortfall plus margin |
Good fit:
Probably not yet:
Yes, especially when the hire captures demand you are currently turning away.
Roughly the shortfall between loaded cost and contribution during the ramp-up, plus a margin.
Wages plus payroll taxes, workers compensation, benefits and training.
It varies by role; technicians may take weeks, salespeople months.
No, it creates IRS liabilities that harm future funding.
A schedule that starts small or runs weekly usually fits a ramp better than a large daily debit.
Example uses for illustration only.
Before you apply:
One secure application. A soft credit pull to start. No obligation to accept an offer.
Apply for Funding