Staffing Payroll Funding
Why re-invent the wheel? Funding For Staffing Companies can be difficult if you don’t have the right strategy. Our program will bring leverage to your staffing company and get your cash flow moving immediately. Our quick-approval program gives you a seamless cash flow between invoicing & collections.
The payroll funding program leverages your accounts receivable. Your valuable clients who owe you for the work your temp employees have completed are your asset. In return for a small fee, you have instant access to the cash upfront to pay employees on a weekly or biweekly basis.
Quick-Approval Staffing Payroll Funding
- Meet Payroll Now
- Fill Purchase Orders
- Compete For Large Contracts
- Take Advantage of Supplier Discounts
Get Your Staffing Payroll Running On Turbo!
Payroll Factoring For Staffing Companies
Payroll factoring is a proven strategy for a staffing firm to get the cash you need to pay for things today. In an industry in which you must often wait weeks or months after supplying service to be paid, factoring empowers your company to leverage your accounts receivable invoices to get cash up-front rather than waiting for and pressuring clients to pay.
Running a staffing company can eat up precious time. Whether you are tracking customer payments, monitoring customer credit or worse, having to spend time collecting money and making those dreaded phone calls. Our program plugs you into a team of account receivable managers. You can then focus on other, more important things like bringing in more business. The accounts receivable responsibilities are handled for you while you stay in control. You can plug into available funds in real-time and monitor customer payments at any time.
Gaps In Cashflow
There can be a serious waiting period between the time your staffed employees and vendors need to be paid and when your clients actually pay their invoices. Short-term loans or credit cards can be very expensive to adjust for this “float time.” If you are late paying such resources, the fees can be terrible.
Our programs can bring down the costs of expensive short-term credit and also give you the advantage of discounts from some vendors for early payment.
Clients With Bad Credit
If a customer files for bankruptcy, goes out of business, or refuses to or is unable to pay for your services, you are responsible to collect the money. If you have leveraged the account through our program, then you do not have to expend the time, energy, and effort to go through the collection process.