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Staffing Factoring Companies

Staffing factoring companies make it easier for temporary employment and staffing agencies to align revenue with expenses, including payroll.

Temp Employment and Staffing Factoring:

  • Fees as low as 5% (or ask about volume pricing discounts)
  • Advances up to 90%
  • Free same day funding
  • Flexible, tailored programs

Temporary employment and staffing agencies: Use factoring to unlock working capital tied up in customer invoices without waiting for customers to pay – or use payroll funding just when you need it.

Fast, Secure and Easy

Here’s how the small business invoice factoring process works:

1. APPLY

Apply to factor your receivables and we’ll put together options based on the unique needs of your agency.

2. FACTOR INVOICES

Go from approval to your first funding in as little as 24-48 hours — or even faster; factor only when you choose.

3. SPEED UP CASH FLOW

Free same day advances expedite cash flow or cover payroll so you can keep growing your agency.

Speed up cash flow or use factoring as a payroll funding loan – fees as low as 5%.

Staffing Factoring – Types of Companies Served

Invoice factoring is a common financing and cash flow management tool utilized by:

  • Staffing agencies
  • IT staffing
  • IT consulting agencies
  • Security guard agencies
  • Nurse staffing agencies
  • Temporary employment agencies
  • Other B2B service agencies and consulting firms

Temporary employment and staffing factoring is commonly used by all types of staffing agencies and similar types of businesses that need access to the working capital tied up in customer invoices in order to meet payroll and other operating expenses.

Even if you are already factoring invoices, we would be happy to provide you with a free, no-obligation factoring quote for comparison.

Get more information about how factoring invoices could help you grow your staffing, recruiting or temporary employer services firm by requesting a free, no-obligation quote for staffing factoring services.

Stop waiting on customer payments!

Speed up cash flow to better meet expenses or fund payroll.

Low Fees and High Advances

Low Staffing Factoring Fees– Advances on Factored Invoices Up to 90%

Our staffing agency finance tools are flexible and can be customized to the unique needs of your organization. You can factor on a regular basis or only occasionally to expedite cash flow or for use factoring as a payroll funding loan to ensure adequate working capital. We offer temporary employer and staffing factoring services with potential details of:

  • Rates as low as 5% (or ask about volume discounts)
  • Advances up to 90% of invoice amount
  • No long term contracts
  • No minimums – factor only the invoices you choose to
  • Fast funding
  • No application or due diligence fees
  • Free credit checks on your customers
  • No hidden fees
  • Options for full recourse, non-recourse and non-notification staffing factoring

There are no fees to apply – no application, processing or due diligence fees – and no obligation to move forward, so there’s no risk to your agency to request a free quote to see how staffing factoring services could benefit your agency.

Our goal is to help you grow your staffing business from where you are today, to where you want to be tomorrow. We take pride in our mission of helping our clients grow to the next level and offer our factoring clients a high level of customer service and expertise. It doesn’t cost you more to work with us, but it could mean a better factoring agreement for your agency.

How it works

Temp Employment and Staffing Factoring Services – How the Process Works

Staffing agencies that want to improve cash flow in order to meet operational and payroll demands can factor invoices on a regular or occasional basis. Invoices factored by your staffing agency are typically funded on the same day – typically 90% or more of the face value of the invoice, with the remainder placed in ‘reserve.’  For instance, let’s say that you are billing a client for services in the amount of $12,000 but you want to access the funds without waiting weeks – or months – for the customer to pay.

Assuming a factoring fee of 5%, and an advance rate of 90%, here’s how it would work:

Day 1 – Generate $12,000 client invoice and factor it
 – Same Day Your company receives 98% advance of $10,800 by wire transfer or ACH
The factoring company earns 5% factoring fee of $600
Day 30-45+ Your company receives the $600 reserve amount after the invoice is paid
Staffing Invoice Factoring Calculator

Temp Employment and Staffing Factoring Calculator

Find out how much working capital you could unlock immediately by factoring invoices on the same day they are generated, instead of waiting weeks — or months — for customer payments.

Take the next step and request a free, no-obligation quote for receivables financing – you could go from approval to your first funding in hours.

Why It Works

Benefits of Temp Employment and Staffing Factoring

Staffing agencies, recruiting firms and similar companies (nurse staffing agencies, security guard services, etc.) face a similar cash flow challenge in that they often have to pay out a significant amount of money in salaries and fees to employees before receiving payment from the employers and clients that utilize their services. An agency may outlay thousands of dollars for recruiting and run multiple payrolls before a client invoice is even issued, depending on their payment terms.

Invoice factoring can provide a staffing agency with immediate access to the money your customers owe, without waiting for them to pay. It’s a common financing and cash flow management tool utilized by:

  • Staffing agencies
  • IT staffing agencies and consulting firms
  • Security guard agencies
  • Nurse staffing agencies
  • Temporary employment agencies
  • Other B2B service agencies and consulting firms

Staffing factoring enables agencies to meet payroll and operational expenses while still enabling them to extend favorable terms to clients – which can be a competitive advantage over competitors who cannot extend long payment terms.

For fast answers, submit our 1-page application for staffing factoring services and we’ll bring you a staffing factoring proposal. You could go from approval to your first funding in hours.