What is the difference between payroll funding and invoice factoring? None! In the temporary placement staffing industry, payroll funding and invoice factoring provide a temporary staffing agency with the same benefit: a consistent flow of capital to meet payroll and other expenses.
Our process is straightforward...
- Simple Application (secure online)
- Get approved / Sign agreement
- Submit invoices
- Invoices are processed
- You Get Paid
- It is that simple!
We offer two payroll funding/invoice factoring options:
OPTION ONE (JUST PAYROLL FUNDING)
A straightforward payroll funding/invoice factoring option with many advantages:
- Non-recourse
- Up to 95% advance (higher on a case by case)
- No complicated forms, just a simple application
- Meet payroll all the time
- Funding your payroll into the millions (availability as you grow)
- Free invoicing and collections
- Free credit reports
- Freedom to factor as much or as little as you want
- No minimum requirements
- No hidden fees
- No start-up fees
- Short-term and open terms are available
- We can factor your invoices up to 90 days (longer on a case by case)
- Competitive rates
- Flexible terms (Facility customized to your needs)
- Designated account manager
- Our state-of-the-art ClientNet provides 24/7 secure online account management
- Grow your agency by extending credit to your customers
- No more waiting up to 90 days for your customers to pay
- We love staffing startups
- United States and Canada
If you choose Option One, you will consistently have up to 95% advances to cover payroll without the restrictions of a traditional payroll funding company. You will also enjoy the added benefit and security of non-recourse.
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OPTION TWO (PAYROLL FUNDING AND FULL BACK-OFFICE SUPPORT)
- Full Backroom services including payroll, benefits, taxes, and compliance
- Pay your temporary workers via check, direct deposit, or payroll card
- Non-recourse (as an added option)
- Up to 90% advance (higher on a case by case)
- No complicated forms, just a simple application
- Meet payroll all the time
- Funding your payroll into the millions (availability as you grow)
- No application fees
- Overadvances
- E-check for payroll
- Payroll prepaid cards
- We can factor your invoices up to 90 days (longer on a case by case)
- Competitive rates and flexible terms
- Designated account manager
- Grow your agency by extending credit to your customers
- No more waiting up to 90 days for your customers to pay
Other advantages...
- Government contract funding
- We work with MSP and VMS Systems
- Ledgered credit lines and full factoring lines
- Startups to well-seasoned agencies
- Free invoicing and collections services
- Free credit reports
- Online account access
- Designated account executive
- Easy upload from QuickBooks
We are confident that after you speak with one of our staffing funding professionals, you will agree that our payroll funding program will be a good fit for your agency.
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