Permanent placement recruiters can utilize factoring and payroll funding services, subject to certain conditions.
Even though funding permanent placement invoices is more challenging due to the nature of the agreement, which may offer a 90-day money-back guarantee on the subject employee, we have, through our affiliate, been able to fund permanent placement recruiting staffing agencies.
Conditions:
The permanent placement staffing agency must also be placing temporary employees and seeking a payroll funding facility for its temporary employees.
Therefore, we should be able to fund the permanent placement invoices if they make up a small portion of the total receivables of a temporary placement payroll funding, factoring facility, or line of credit, and there are no trial periods or refunds on the subject employee.
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