Staffing Factoring Companies

The Best Factoring Companies for Staffing Agencies

Payroll is due— but when you’re staffing firm is waiting 30-90 days to receive payments from you clients, it may be tough to cover weekly payroll. The staffing industry faces unique cash flow challenges. It’s likely you pay employees weekly or every other week, but your customers likely pay on 30+ day terms. If gaps in cash flow are keeping your temporary agency from growth or taking on new accounts, invoice factoring for staffing companies can help.

The accounts receivable factoring process is simple—first, you tell us what you are looking for in a staffing factoring company, and then you sit back and let us do the rest. Our marketplace is home to dozens of skilled factoring companies that specialize in the temp staffing industry. Just give us some details about your company and we’ll set you up with the right staffing funding company instantly.

Funding staffing payroll has never been easier!

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We know how to get your business funded. If you’re not sure which funding product is best, we’ll walk you through the options.

How Can Factoring Help You?

Save Time

We will take over the collection process, giving you time for other projects.

Attract New Clients

Taking on new opportunities will be possible with advances.

Focus on Growth

We take the stress of collection from you so you can continue growing your business.

Flexibility

Based on your needs, there are different options for you.

Benefits of Working With a Staffing Factoring Company

Think of us as your one-stop shop for all things factoring. We help you discover your staffing business’ inner potential with the freedom that invoice factoring brings. Having a large payroll schedule every month is a big issue for busy staffing agencies. That’s why invoice factoring is the best solution. Let us partner you with the best staffing factoring company in our marketplace so you can get back to running your business.

Pressure-free zone for slow paying clients
Start-up friendly
Extra capital to recruit new talent
Back office support (optional)
Financial cushion as your business grows
Support during slow months and busy months
Working capital to cover employee payroll
Funds to purchase new software and equipment
The ability to grow without fretting over slow-payers

Staffing Firms in Any Industry

Staffing factoring serves as an essential financial resource for various staffing agencies across multiple sectors. This type of financing is particularly embraced by businesses that need to manage cash flow while handling payroll and other operational expenses. Here’s a glimpse at who typically uses staffing factoring:

Healthcare Staffing: Agencies placing nurses, doctors, and other healthcare professionals.
Information Technology (IT) Staffing: Firms specializing in filling roles for technology projects and support.
Industrial Staffing: Providers that supply manpower for warehouses, manufacturing, and logistics operations.
Security Staffing: Companies that offer security personnel for commercial and private needs.
Administrative Staffing: Organizations that place administrative and office support staff.
Customer Service Staffing: Businesses that staff call centers and customer support operations.
Hospitality Staffing: Agencies providing staff for hotels, events, and other hospitality-related services.
General Employment Staffing: All-purpose agencies that cater to a variety of industries for temporary or contract placements.
… and More!

Each of these sectors relies on staffing factoring to bolster their financial stability and growth, ensuring they can continue to supply skilled professionals as needed without financial strain.

Factoring for Staffing Firms is Easy

Whether you need money-only payroll factoring or full-service payroll factoring, we’ve got you covered. Need factored invoices for other expenses such as contracts, data processing or background checks? We can handle that, too. Our network of staffing factoring companies is diverse, and the process is simple—all it takes is four short steps.

Approval

Submit your application to the staffing factoring company and get approved within 3-5 days. Once approved, send your invoices to the factoring company.

Payment

Once the factoring company receives your invoices, they will advance you up to 80%-90% within 24-hours. The remaining percentage will be held in a reserve.

Release

Invoices will be paid directly to the factoring company by your customers. Once the payment has been received, your reserve will be released minus a factoring fee.

Repeat

Repeat steps 2-4 as frequently as you need. Submit invoices and receive cash in 24 hours.

Staffing Agency Funding FAQs

Have more questions? Check out our general invoice factoring FAQ page

Q: Will my staffing agency have to put up assets in order to factor?

A: Unlike banks, factoring companies look at your agency’s potential, not assets. You will never have to put anything up as collateral or have your credit checked. Pretty great, right?

Q: How can my staffing firm use the money from factoring?

A: Any staffing business expense you need. Whether it be payroll, recruitment or office rent, factoring companies will provide you with the funds to make payments on time.

Q: What is full-service payroll factoring?

A: Full-service payroll factoring offers additional support for staffing firms. It includes back office services such as payroll processing, timekeeping assistance, tax preparation and invoicing.

Q: How can a staffing company qualify for Staffing Factoring?

A: Staffing factoring offers a swift and straightforward solution for staffing companies looking to enhance their cash flow. If your staffing company is dealing with unpaid invoices from trustworthy customers, you might be a perfect candidate for this financial service.

17000

Staffing Firms in the United States

Don’t panic. Whether you have a direct placement, temporary-to-hire, temporary placement or contract firm, we can get you the money you need for marketing so you never feel second best. Our marketplace is filled with trustworthy staffing factoring companies that are ready and waiting to help your business grow. Don’t waste another minute comparing staffing funding services. We have matched many staffing agencies just like yours with the best factoring companies in the industry. We don’t mean to brag, we just love what we do.

Staffing factoring gurus, at your service. (216) 279-5144

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