Factoring, also known as payroll funding, is a necessary funding option for temporary placement staffing agencies to help avoid cash flow shortages as a result of unpaid invoices.
In addition to providing the staffing agency with a constant flow of capital to cover payroll, our factoring service is non-recourse, meaning that in the event of a customer default, the factoring company assumes the risk. Furthermore, we provide an advance of up to 95%, which is a significant advantage.
Payroll factoring ensures that your agency won't have to worry about future invoicing, collections, or customer payments.
Let's discuss the benefits we can provide and how to set up a payroll factoring facility for your temp business.
You'll be working with a team that can help overcome cash flow barriers and achieve success. For more information, please click here. The office for your local area will contact you shortly.
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