Larger staffing agencies, which specialize in temporary placements and contract workers, use invoice factoring and payroll funding. Readily available cash is king for staffing agencies, especially when it's time to meet payroll.
We focus on funding the larger agencies, which require funds ranging from $1 million to over $15 million per month.
Larger staffing companies need to work with a factoring partner that can meet their payroll funding demands on a large scale; however, it is becoming more and more difficult to find a factoring company that can meet those demands.
The fact is that there are not many factoring companies that can offer funding in the millions of dollars a month to a single client. That is why our factoring program for the larger staffing agencies is so ideal.
You'll be working with a partner who has the financial strength and hardware to provide highly responsive service and flexible solutions that can support large staffing companies' ongoing payroll funding needs.
Daily, the cash requirements of staffing companies are significant, and working with the right factoring and payroll funding company can eliminate cash flow worries and help shift the focus to sales, growth, and customer service.
Our team specializes in serving the needs
- The company offers staffing services to businesses with annual revenues ranging from $2 million to $400 million.
- Staffing companies that are seeking funding ranging from $1 million to $15 million or more
- Staffing companies that would benefit from accounts receivable financing through a traditional factoring line or a modified line with a borrowing base component
- The staffing companies are seeking a low 90-day rate.
To meet the working capital needs of larger staffing agencies, our team works to provide custom, alternative solutions to traditional bank lending, with facilities structured to improve cash flow, sustain growth, acquisitions, liquidity improvement, and restructuring.
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