Factoring is a Powerful Financing Tool for Staffing Companies
Staffing companies are caught in the middle between making payroll and receiving payment from their clients. It is imperative that they are financially sound. Factoring for staffing companies provides the financial power needed to operate a successful staffing business.
Staffing companies help to keep people employed while providing an important service for businesses. Factoring supports that effort.
Factoring provides needed working capital to grow
Do you have an opportunity to take on a lucrative new client, but you can not afford to do so? Staffing companies face that conundrum as they grow. You take on the client and run the risk of financial failure. You pass up the opportunity and hinder the growth of your company.
You have to wait 30, 60, 90 days to be paid, but payroll will not wait. You can not afford to have your working capital held hostage by unpaid invoices. Our factoring program is flexible and adaptable to your business. You can factor as much or as little as you wish. No minimum requirements or hidden fees.
Establishing your non-recourse factoring account is simple. Free credit checks of prospective clients provided. Funding grows with the growth of your company. Collection of accounts receivables is part of the factoring arrangement. Cash is deposited into your bank account within 24 hours of submitting an invoice. And remember, no debt incurred.
Invoice factoring for staffing companies frees the working capital held captive by unpaid invoices.