Temporary Staffing Agency Factoring

Meeting payroll is the highest priority for staffing agency and temporary staffing company owners, as they all know that a paid employee is a productive employee. However, meeting payroll presents a constant and significant challenge to staffing agencies.

Why? Well, employees need to be paid every week or every 15 days for the work that they do. However, customers usually pay their invoices every 30 to 45 days. This payment disparity can create significant stress to the cash flow of the agency, especially if the agency does not have a large cash cushion in the bank.

Want an instant factoring quote? Please click here to get an online quote now! Questions? Call (866) 730 1922 now (toll free US / Canada). We provide services in the USA and in Canada.

To make matters worse, many temporary staffing companies have had to turn away lucrative business opportunities because they do not have the financial resources to hire additional staff and carry the costs until the customer pays their invoices. Lack of working capital - not lack of opportunity - is the major impediment to the growth of a staffing agency.

Factoring is the ideal financial tool for temporary staffing agencies. Factoring provides agencies with an advance on their invoices. This allows the agency to pay its employ yes, meet its obligations and grow.

Factoring can work with any staffing agency and can be set up quickly. It works as follows:

You deliver services and invoice your client
We provide you with financing based on the invoice. We will advance you about 90% of the gross value of the invoice (the remainder 10% is held as reserve)
Once your client pays the invoice, the remaining reserve is released (less a small fee)

Fees vary based on the the size of your financial needs. Please go here to get an instant online factoring quote.

You can get additional information at our Factoring Resource Center or by calling (866) 730 1922 . You can also read the following articles:


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Last change 5/8/2008