Invoice Factoring for IT Staffing Companies

We offer payroll loan and invoice factoring services for IT staffing companies with no minimums and no long term contracts.

IT staffing companies who factor with us enjoy having the freedom to factor when it’s in the best interest of their organization, but that’s not all. We offer factoring services with:

Low factoring rates – as low as 5% or even lower with volume discounts!
High advances – up to 95% – with no-to-low holdbacks
Payroll financing
Credit checks to vet new customers or set credit limits
Program transparency – no hidden fees
No application, due diligence or notification fees
No long term contracts or monthly minimums – factor only when it’s best for your company

GET A FREE, NO-RISK QUOTE

Speed up cash flow to keep pace with expenses or use factoring as a payroll financing tool.

1. SUBMIT AN INQUIRY

Find out how factoring can fund your IT staffing agency.

2. STOP CHASING PAYMENTS

Fast funding lets you stay focused on growing your business instead of chasing customer payments.

3. GROW FASTER

Expedite cash flow for operations and payroll and grow your IT staffing agency faster.

Invoice Factoring – IT Staffing Companies

IT staffing companies commonly use invoice factoring for payroll financing or to expedite cash flow. IT staffing agencies that factor invoices can free up working capital by factoring the invoice on the same day a customer invoice is generated, instead of waiting weeks (or even months) for customers to pay.

Here’s how the invoice factoring process works for IT staffing companies:

Day 1
	$3,500	Your agency generates a customer invoice
	$3,325	Your agency receives a 95% advance on the invoice
	$ 105	3% factoring fee (cost of financing)
30-45 Days Later (or Even Longer)
	$3,500	Customer remits payment in full and you receive the reserve balance

Cash in hand, when you factor customer invoices instead of waiting for customers to pay, your IT staffing company has the money it needs to easily meet payroll obligations, attract more customers, fill larger placement requests and grow more quickly.

Invoice Factoring Calculator

Use the factoring calculator below to discover how much working capital you could unlock by factoring receivables instead of waiting weeks – or months – for customers to pay you.

Payroll loan and invoice factoring services for IT staffing companies with no minimums and no long term contracts.

How Staffing Companies Benefit from Factoring

Many of the expenses your agency incurs to fill orders require payment before you even receive payment on customer invoices:

Payroll and tax obligations
Marketing and advertising
Sales calls and visits
Recruiting ads
Pre-employment screening
Interviews – and so on

When you consider how much money will have to go out before customer payments start to come in, it’s easy to see why IT staffing companies use factoring to speed up cash flow. Factoring invoices can help your agency maintain a more consistent flow of working capital, helping you meet expenses without postponing marketing and advertising needed to keep growing.

Take the next step and request a free, no-obligation quote to find out how much working capital your company could access if you factored invoices instead of waiting on customer payments.

Payroll Factoring Loans for IT Staffing Companies

Factoring is commonly used by IT companies who want to use invoice factoring as an accounts receivable management tool, but it is equally effective for IT staffing agencies that want to use staffing payroll factoring loans to finance payroll occasionally or on a regular basis.

Since payroll is usually the largest expense a staffing agency has, ensuring adequate working capital is on hand to meet payroll cycles is vital.

We offer factoring services that may be especially ideal for IT companies. Low fees and high advances are made even more attractive with factoring services that let you stay in control, so you can do what’s best for your staffing services agency: