Flexible funding solutions for staffing
Funding options for temporary and contract
placement staffing agencies with real solutions that are tailored to
eliminate the cash flow and payroll concerns of temp staffing companies.
PAYROLL FUNDING | INVOICE FACTORING
Payroll funding is a method of finance that may be utilized by staffing agencies where labor is the largest expense of the agency and/or are the primary services provided to their customers to meet weekly, biweekly or monthly payroll and facilitate business growth.
Payroll funding and invoice factoring advances are most commonly based on the billings/invoices and associated accounts receivables of the business.
ADVANTAGES INCLUDE
- Meeting payroll regularly
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- Competitive rates (ask about our "all in rates")
- No application fees
- Overadvances
- E-check for payroll
- Payroll prepaid cards
- Government contract funding
- Vendor instapay
- We work with MSP and VMS Systems
- High Advances on eligible accounts receivables
- Competitive rates and flexible terms
- Free collections services
- Free credit reports
- Online account management access
- Account Executive services
- Easy upload from QuickBooks
- Deal directly with decision makers
- Full Backroom services including payroll, benefits, taxes, and compliance
- Very likely we'll be able to beat any other offer you might be considering
HIGH RISK FINANCIAL CONDITIONS
Our funding solutions are also ideal when a staffing agency may not qualify with their bank, another factoring, or payroll funding company when there are high-risk financial conditions.
High risk situations may include:
- When the agency have very heavy customer concentration on their accounts receivable aging
- Staffing agency customer accounts with marginal credit
In such cases, we should still be able to help
and effectively factor your temporary staffing agency accounts
receivables with fair agreements, competitive pricing and decades of
proven invoice factoring and payroll funding experience.
LEDGERED LINE OF CREDIT
Ledgered line of credit offer many advantages to temporary and contract placement staffing agencies.
For example, a ledgered line offer basically the same features of a traditional bank line of credit except without the restrictive covenants of a bank line which includes stringent financial requirements and conditions that can limit the growth of any business.
The ledgered line of credit is designed specifically for temporary placement and contract workers staffing agencies.
SOME ADVANTAGES NOT COMMON WITH A TRADITIONAL LINE OF CREDIT
- No audit requirements
- No restrictive financial requirements
- No restrictive covenants
- No financial ratio requirements
- No concentration restrictions
- No long application to funding process
- Plus other benefits
A ledgered credit line offers flexibility plus an ABL pricing structure, and unlike a traditional ABL line of credit, there are no restrictions on how long the company has been in business, in fact, we can consider startups.
OTHER ADVANTAGES OF A LEDGERED LINE
- $100,000 to $35 million (Below $100,000 - Click)
- No application fees
- No early termination penalties
- No concentration restrictions
- No long application to funding process
- No contracts
- No minimums
- We work with MSP and VMS Systems
- High Advances on eligible accounts receivables
- Competitive rates and flexible terms
- Free collections services
- Free credit reports
- Online account management access
- Account Executive services
- Easy upload from QuickBooks
- Deal directly with decision makers
- Full Backroom services including payroll, benefits, taxes, and compliance
- Very likely we'll be able to beat any other offer you might be considering
Improve your cash flow without the restrictions of a traditional funding company.
Starting the process is easy, once you establish the account your business will have access to the working capital it needs in as little as 24 hours. get started