Factoring for Staffing Agencies
Do you have trouble meeting payroll because your clients take up to 60 days to pay their invoices? Our staffing agency financing program can provide you with an advance on your invoices, giving you the funds you need to pay employees and grow your company.
Factoring invoices provides your staffing agency with predictable cash flow and straightens your companies financial position. It provides a platform that enables you to take on new clients and grow your company.
Rates as low as 1.5% (based on volume). Click here for an instant online factoring quote or call (877) 300 3258 to speak to a representative
Factoring benefits
Factoring your invoices has a number of advantages. Some of them are:
- Immediate funds advance - No need to wait up to 60 days for clients to pay
- Never worry about meeting payroll
- Flexible financing - Grows with your business
- Easy use and set up
How does factoring work?
Factoring can easily be integrated to any temporary staffing agency. It works as follows:
- Your team delivers the work and the customer is invoiced
- Your company gets a 90% invoice advance (advance may vary)
- The customer pays the invoice
- Your company gets the remaining 10%, less the service fee
Staffing finance costs
The cost of factoring invoices varies based on the amount of financing you need and the credit worthiness of your clients. It can range between 1.5% and 3.5% per month.
Instant quote
Rates as low as 1.5% (based on volume). Click here for an instant online factoring quote or call (877) 300 3258 to speak to a representative
Additional resources
If you would like to learn more about factoring financing, please go to our factoring financing resource center or review the following articles:
