Permanent placement recruiters can utilize factoring and payroll funding services, subject to certain conditions.
Even though funding permanent placement invoices is more challenging due to the nature of the agreement, which may offer a 90-day money-back guarantee for the subject employee, we have, through our affiliate, been able to fund permanent placement recruiting staffing agencies.
Conditions:
The permanent placement staffing agency must also be placing temporary employees and seeking a payroll funding facility for its temporary employees.
Therefore, we should be able to fund the permanent placement invoices if they make up a small portion of the total receivables of a temporary placement payroll, factoring facility, or line of credit, and there are no trial periods or refunds for the subject employee.
Other funding option:
This is a revenue-based business loan, which is based on the business's monthly revenues. You can access the necessary funding to sustain your operation until you secure a more permanent credit facility.
Required Items (revenue-based loan)
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3-month PDF bank statements
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Most Recent Tax Return (if loan amount requested is over $250,000)
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Your FICO score:
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Do you rent or own your home?
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Once we receive this information, we will send you the application link so we can finalize the process.
To apply for a revenue-based loan, please click here.
For payroll funding or factoring, click the Get Started button below.
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