Payroll Funding
Non-Recourse Payroll Funding for Temporary Placement Staffing Agencies
We specifically designed our non-recourse payroll funding, also known as invoice factoring, for temporary placement staffing agencies. It also comes with advances of up to 95%; these two features alone give temp agencies significant advantages.
Benefits of Non-Recourse
Benefits of non-recourse funding include reduced financial risk, as agencies are protected from losses if clients default on payments. Additionally, this type of funding improves cash flow, allowing staffing agencies to meet payroll obligations promptly and invest in growth opportunities.
These advantages allow temp agencies to manage their cash flow more effectively, ensuring they can pay workers promptly and take on new contracts without delay. This financial flexibility ultimately helps them grow their business and maintain a competitive edge in the staffing industry.
Perks and Advantages:
- Non-recourse (the factor assumes the risk)
- As much as a 95% advance (more cash available)
- Easy application process, no complex paperwork involved
- Consistently ensure payroll is met
- Funding into the millions (for your agency's continued growth)
- Free invoicing and collections services
- You can monitor your customers' credit status with free credit reports
- Flexibility to choose how much or how little you wish to factor
- No minimum funding requirements
- No application fees or start-up costs
- No hidden costs
- Short-term and long-term facilities are available
- Facilities are flexible and customized to your needs
- You will have a designated account manager
- Access to ClientNet, a state-of-the-art 24/7 secure account management system
- The freedom to extend credit to your customers can help grow your agency
- No more worries about payroll
- We also work with startup temp staffing agencies
- We cover the United States and Canada
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