What is staffing factoring?
Staffing factoring, often referred to as payroll funding, is an essential funding solution that allows temporary placement staffing companies to consistently meet their payroll obligations.
This option is particularly beneficial for staffing agencies that face cash flow challenges due to unpaid invoices, which typically arise from extending credit terms to their clients.
Take on More Clients
Staffing factoring not only ensures that employees are paid on time but also provides staffing agencies with the flexibility to take on more clients on credit and expand their operations without the pressures of unpaid invoices or cash flow constraints.
By leveraging staffing factoring, agencies can concentrate on growth and providing quality service to clients, as well as creating a stable work environment for their staff. This approach fosters stronger relationships built on trust and reliability. Ultimately, it positions staffing agencies to thrive in a competitive market while maintaining financial stability.
If you're seeking a simple method to secure staffing factoring, here’s a clear process to help you begin.
Straightforward Process
- First, complete this short form
- We will then call you to discuss your funding needs and address any questions you may have
- We explain our staffing factoring program in detail
- If you want to proceed, you then complete our application (in a few minutes)
- After approval, you sign the documents
- Then submit your invoices
- Invoices are processed
- Funding begins
Get Started