AllianceHCM launches payroll financing with Parafin

AllianceHCM has partnered with Parafin to launch AllianceHCM Payroll Financing, a line of credit that gives eligible employers access to funds for payroll.

Making payroll on time is a challenge for small businesses with uneven cash flow, and they often seek financing to cover costs. Alliance HCM Payroll Financing is built on top of Parafin’s Pay Over Time product and gives AllianceHCM a way to offer that financing as part of its payroll experience.

“Parafin’s Pay Over Time lets platforms like AllianceHCM bring contextual financing into their experience, support customers when they need it most, and create new revenue without taking on the work of lending,” said Sahill Poddar, co-founder and CEO of Parafin.

AllianceHCM can now offer payroll financing as an optional way to fund a payroll run without providing the funds or managing the financing program. Parafin handles funding, underwriting, servicing, compliance, and operations. Parafin’s AI-powered underwriting model considers business revenue and overall financial performance rather than relying primarily on the owner’s personal credit score. This broader view can help eligible employers qualify for financing when traditional lenders may overlook them.

AllianceHCM has served small and midsized employers since 1989 and is one of the country’s largest privately held HCM providers.

Payroll and HR platforms interested in offering financing to their customers can learn more at parafin.com.

All lines of credit are issued by Celtic Bank. All lines of credit and offers are subject to credit approval, identity verification, and periodic review, and may change without notice. Bank transfers are subject to review.