Staffing Agency Funding

Financing The Staffing Industry in the USA, Canada and the UK.

Is Cash Flow a problem?

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 staffing agency 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 free proposal with no obligation at 1 800 450 9653 or REQUEST ONLINE APPLICATION. We can accommodate factoring credit lines to new businesses with minimal funding needs 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 staffing companies come to us for funding?

• 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.

Funding Staffing agencies 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 staffing agencies 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 fund an Employment Staffing and IT Consulting Firms.

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

2.   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.

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

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

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

6.   Due diligence of liens and pending lawsuits of your company will be performed prior to funding.

We service the following Staffing Industries.

• Professional

  • Twin Plant Management and Engineers

  • Sales - Marketing - Sales Managers

  • Accounting - Controllers - CPA's

  • Healthcare - PTs - RNs - CNAs - OTs - MDs

  • Data Processing - I.T. - Web Design

  • Mid Management - Administrative - Technical

   

• Office Services

  • Office Managers - Administrators

  • Full Charge Bookkeepers - Accounting Clerks

  • Admin Assistants - Executive - Legal Secretaries

  • Clerical - General Office - Data Entry

  • Doctor's Office Assistants - Medical Secretaries

  • Call Center Phone Attendants and More

   

• Manufacturing

  • Assembly - Warehouse - Quality Control - Quality Assurance

  • Plastic Injection Molding

  • Warehouse distribution

  • Skilled - Unskilled Labor

  • Light Industrial - Machine Operators

  • Fork Lift Operators - Loaders /Unloaders

  • Electronics Assembly - Packers

  Click Here for more information on Factoring Staffing

     Optional Administrative Services offered see more details:

• Billing & Payroll

• Cash Management

• Accounting Services

• Service Desk

Factoring Articles:

• 02-05-2005 Factoring is an alternative form of business financing

• 02-18-2005 A true story about a Staffing Firm in financial trouble

• 03-09-2005 Factoring Companies: Number one providers for growth capital in the IT Staffing industry

• 11-11-2004 Nurse Registry benefits by local bank terminating their factoring service.

• 3-10-2005 Is an SBA loan the best answer for your business?

• 05-08-2006 PR:1st Commercial Credit offers factoring and accounts receivable financing in Quebec, Canada.

• 08-28-2006 How to hurdle fast growth financing without adding debt to your business?

Toll Free 1 800 450 9653 

Available 24hrs. a day - 7 days a week

Submit an Employment Staffing Factoring Application Online

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Frequently Asked Questions about Factoring

 

 

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