IT Staffing Factoring

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Factoring IT Staffing

Services available in the USA, Canada and the UK.

Need Unlimited Payroll Funding?

Meeting staffing payroll during growth can be a challenge. We can help you grow your company with unlimited payroll funding , whether you're a start up or a multi-million dollar operation. Call us now and get initial funding in 3 to 5 working days. No financials needed, No up-front fees to set up, it is that easy.

Factoring rates as low as 1.59%  ( Rates subject to monthly volume)

REQUEST A PROPOSAL ONLINE  or call and request a quote with no obligation at 1 800 450 9653.

We can accommodate factoring credit lines to businesses just starting and up to $10 million for large staffing agencies. Read article mentioned below about a recent transaction. When we say "We can move as fast as you can", we mean it.

Article:  2-18-2005 A true story about a Staffing Company about to go out of business.

What kind of IT staffing companies come to us for funding?factoring invoices for IT Staffing Agencies

  • Young companies experiencing growth and need cash today. In most cases they have been turned down by traditional bank loans due to a lack of a financial track record.

  • Mature companies that have capped their working credit line established by a bank and need more leverage. This situation may require to pay the financial institution off so the client can establish an unlimited factoring credit line that will be based on the customer's credit worthiness.

  • Companies that are experiencing lack of service from another factoring company.
    Financing IT Staffing firm Invoices for as little as $10,000 a month and up to 10 million for larger companies.

  • Credit line based on percentage of eligible accounts receivable.

  • Easy to understand financing fees.

  • Invoices funded within 24hrs.

  • Eliminate the need for bank loans or SBA loans.

  • Funding can take place in 3 to 5 working days.

  • Start up staffing companies welcomed.

Why do IT Staffing firms benefit by financing account receivables with us?

  • The use of back-office support for collections and mailing out your invoices sometimes offset the financing fees or decrease internal overhead related cost.

  • Free credit analysis and collection assistance to prevent bad debt.

  • Free Reports and statements of your account status via internet.

  • Optional full service available with payroll and tax services.

What is needed to finance an IT Staffing and IT Consulting Firms.

  • You send the original invoices with proof of performance (time sheets). The service must be performed before funding.

  • The invoice is verified and then the advance is funded, typically 90% of the invoice depending on the credit worthiness of your customers. Funds will be advanced within 24hrs. following verification of the invoices. This is usually completed the same day that they are received. The balance of the advance is called the "Reserve". The reserve is held back until the customer pays the invoice in full.

  • Payment of the invoices are made directly to us from your customers. Once received, the reserve is paid to you minus the discount fee.

  • At your option, the funds are sent via wire transfer, ACH or check.

  • Credit approval for new accounts is easy. All is needed is the name and address of the customer.

  • Due diligence of liens and pending lawsuits of your company will be performed prior to funding.
    Common services our IT Staffing clients provide to other businesses and government agencies.

Typical Industries our clients serve.

  • Custom Application Development

  • User Experience Design

  • Business and Technology Consulting

  • Project / Program Management Product Integration

  • Software Architecture

  • Government contract receivables. We have specialized personal that takes care of assignment of claims from the government. Other factoring companies are not experienced to fund IT services from government agencies and municipalities.
     

Started Factoring Today!

 Factoring Receivables Presentation  Click Here for more information on Factoring Staffing

Articles on Financing Staffing firms:

Frequently Asked Questions about Factoring

Optional Administrative Services offered see more details:

payroll funding for IT Staffing Companies.

 

Toll Free 1 800 450 9653

Available 24hrs. a day - 7 days a week

Submit an Employment Staffing Factoring Application Online

Copyright 1998-1999 1st Commercial Credit, LLC

          Currently factoring receivables for IT staffing and consulting in the following states: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho State, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming. More Information on related topics:  Invoice Factoring, Factoring Receivables, Factoring, Factoring Accounts Receivable, 

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