Case Study: CraftWorks Restaurants & Breweries cuts payday-loan reliance and boosts employee loyalty with PayActiv

Offering an Alternative to Payday Loans

CraftWorks Restaurants & Breweries, a company of more than 12,000 employees and the largest operator of brewery restaurants in the U.S., faced widespread employee financial stress that drove some workers to predatory payday loans. One illustrated case involved a pair who, lacking timely access to about $300 in earned pay, took a loan with interest rates over 300% and risked eviction and late fees. To address this, CraftWorks turned to PayActiv to offer employees accelerated access to wages they’d already earned.

PayActiv implemented an on-demand pay solution that lets employees withdraw earned wages when needed, providing an alternative to high-interest payday lending. The service helped employees avoid costly late fees and predatory loans, improved short-term financial stability for staff, and strengthened employee loyalty—outcomes CraftWorks cites as key benefits of offering PayActiv to its workforce.

Craftworks Restaurants & Breweries

Steve

Craftworks Restaurants & Breweries