Meeting Monthly Payroll When Corporate Buyers Pay Late in Ghana
Struggling to cover staff salaries while waiting on 60 or 90-day corporate payments? Learn how Built Float turns pending invoices into instant payroll liquidity.
The Monthly SME Payroll Trap in Ghana
In Ghana's B2B ecosystem, delivering quality products or services rarely guarantees timely cash inflow. Tier-1 buyers, FMCG distributors, hotels, and enterprise clients operate standard 30, 60, or 90-day accounting cycles. Meanwhile, your workers, drivers, warehouse managers, and administrative staff expect their salaries deposited by the 25th to 28th of every month.
When corporate accounts payable departments delay remittances past agreed deadlines, Ghanaian SME owners frequently face difficult choices:
- Liquidating personal emergency reserves.
- Borrowing from informal money lenders at predatory monthly rates.
- Delaying staff salaries, resulting in low morale and employee attrition.
The Solution: Liquidity Against Delivered Invoices
You do not need to take on high-interest personal loans to cover month-end payroll. If you have delivered services, supplied food products to restaurant chains, or executed logistics contracts, your verified invoices represent tangible assets.
With Built Float, you can advance up to 80% of verified invoices between GHS 3,000 and GHS 250,000 within 24 to 48 hours. By paying a transparent service fee of 4% to 5% per 30-day period, you keep key operational staff paid, satisfy statutory obligations (like SSNIT), and protect staff morale without begging buyers for early payment.
Frequently Asked Questions
Can I use invoice advance funds directly for staff payroll?
Yes. Once disbursed to your business bank or mobile money account, you have complete discretion over how funds are deployed, including paying staff, paying suppliers, or buying raw stock.
What happens when my corporate buyer finally settles the invoice?
The buyer pays the balance directly to the designated settlement account. Built Float deducts the advance and standard 4%–5% monthly fee, immediately remitting the remaining reserve to you.
Does Built Float finance construction labor payroll?
Yes. We finance contractor receivables, although construction invoices may require additional guarantees or collateral due to sector payment verification timelines.