Invoice factoring a superior financing source for companies across different industries. Factoring is a method that collateralizes a company’s unpaid invoices and advances cash to that firm. One of the factoring services that we provide is payroll funding for staffing companies. This payroll funding service gives staffing companies several distinct benefits not available with other traditional lending sources:
1) Payroll financing gives you the ability to cover payroll expenses
2) Businesses that have poor or little credit history can still receive payroll financing without worrying about financial history
3) Payroll funding for staffing companies is provided within just 5 business days after initial processing
4) Staffing agencies are free of the strict terms that other financial institutions require
5) Expansion of credit lines
Financial troubles, bad credit, bankruptcy and loan rejection won’t keep your staffing company from getting cash with factoring. Getting working capital to meet payroll expenses and create growth is possible with payroll financing.