We provide spot factoring services to staffing agencies that employ temporary and contract workers. If you are a temp staffing agency seeking to factor just one invoice or a small group of selective invoices, our spot factoring product for staffing should be the right fit for you.
In addition to factoring this invoice or a selected group of invoices, you should consider establishing a long-term payroll funding facility, typically a 12-month contract, to mitigate the risk of cash flow shortfalls due to unpaid invoices.
To ascertain whether you are eligible for invoice factoring, our team of underwriters will examine your application, aging report, and any business documentation.
What is spot factoring?
Spot factoring is a funding option that allows temp staffing agencies to sell specific invoices instead of their entire accounts receivable. This can be particularly beneficial for agencies that need immediate cash for certain projects or expenses without committing to a long-term factoring agreement.
Other funding option:
This is a business loan based on the monthly revenues of the company, or a revenue-based loan. It can quickly provide the necessary capital you need to keep your business running until you secure a more permanent credit facility.
Required Items (revenue-based loan)
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3-month bank statements (PDF)
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Most Recent Tax Return (if loan amount requested is over $250,000)
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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.
For more information on a revenue-based loan, please submit this short form. We will get back to you shortly.
To proceed with spot factoring, please click here.
spot factoring