Factoring Companies for Staffing
Featured factoring companies
Payroll funding / payroll factoring
Staffing agencies commonly use payroll factoring, also referred to as payroll funding, as working capital financing to fill gaps in cash flow. Temporary staffing agencies have inherent cash flow crunches caused by delays in invoice collections yet needing to pay employees or contractors sooner. Payroll factoring pays you up-front for your services, so you can pay your staff on time.
Payroll funding improves your cash flow because you don’t have to wait 30, 45 or 60+ days to collect your receivables. You get the cash quicker so you can pay your employee salaries or contractor payments.
Some payroll funding companies offer additional services such as back-office support, payroll services or billing services. These benefits are often included with your factoring services.
Staffing factoring companies can approve your factoring application within several business days. Often, you can get your first funding within 5 to 10 days, making invoice factoring a quick and easy process.
You can focus on providing top quality services to your clients and making strategic decisions, rather than dealing with the administrative tasks associated with staffing and payroll. Grow your business and take on more projects.
- Nurse staffing
- Physician staffing
- Home health
- Locum tenens
- Information technology
- Help desk staffing
- Software developers
- Network engineers
- Administrative staffing
- Clerical staffing
- Janitorial services
- Security services
- Food service staffing
- Industrial staffing
- Assembly staffing
- Warehouse staffing
Staffing factoring is easy as 1-2-3
Accounts receivable financing
Cash flow Solution
Accounts receivable financing virtually eliminates your collection days and speeds up cash flow to operate your business.
Your factoring company handles all the accounts receivable functions including collections, accounting and reporting.
Business Credit Services
Factoring companies analyze your customers’ credit scores and monitor credit limits to protect you from bad debt losses.
No Loans Or debt
Accounts receivable financing doesn’t involve risky loans or debt and doesn’t require you to make loan repayments.
Quick And Easy
Invoice financing is available within 5 to 10 business days and doesn’t require historical financials or spotless credit.
Peace of mind
Receivables factoring provides business stability and allows you to focus on operating your business rather than handling cash flow problems.