Learn More About Financing Receivables for Staffing Agencies
Accounts Receivable Cash offers factoring services for temporary staffing agencies of all sizes in need of immediate cash. If you have been turned down by traditional lenders, then factoring staffing receivables may be for you. ARC offers a wide variety of solutions to help your staffing agency cover payroll and other expenses each month. Accounts receivable factoring provides unlimited funding that will help to expand your business. Whether you are already a well-established company or just starting out, accounts receivable financing can help you get the money you need today and grow your business for the future.
There are no limits to what you can do with the cash you receive from financing your staffing receivables, from meeting payroll on time to buying supplies, the options are endless.
ARC’s staffing factoring services are quick, reliable and easy. We provide flexible payroll financing services to help you get the capital you need to run your staffing business. There are no set-up fees and no minimum or maximum amounts required to be factored. You can factor what you want, when you want and for however long you want!
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How Does Accounts Receivable Factoring Work for Staffing Agencies?
ARC will work to understand your staffing company’s specific goals and objectives and match you with a staffing factor that best fits your needs. The factor will then purchase your unpaid staffing invoices and advance you up to 90 percent of the original invoice amount within 24 hours. The factor will then collect payments directly from your customers. Once payment is collected, the staffing factor will send you the remainder of the money minus a small factoring fee. Approval to begin factoring takes as little as 3-5 business days.
Factoring your staffing receivables does not work like a loan. Staffing agency factoring turns your accounts receivables into immediate cash to cover costs. Your ability to factor depends on your customer’s creditworthiness, meaning if your company has bad credit or lack of history you can still qualify. ARC will customize the staffing factoring plan to your company’s specific needs.
Advantages of Staffing Factoring Services
- Cash today to make your payroll on time
- Does not create debt
- Cash to grow your business
- Quick and easy application process
- Lowest factoring rates in the industry
- No minimum amounts required for invoices
- No financial statements needed
How can Payroll Factoring Benefit Temporary Staffing Agencies?
Is staffing factoring the solution to your payroll needs? Accounts Receivable Cash helps businesses with cash flow challenges find the right factor. ARC has extensive experience assisting temporary staffing agencies with factoring their receivables whose customers are slow to pay. We also help growing businesses with little or no credit. These types of companies are funded based on their customer’s credit worthiness. Staffing agencies in need of capital to cover payroll and businesses facing seasonal sales patterns are also a part of our expertise.
Let ARC help grow your staffing business today! Call us at 866-937-8146 to get a free quote.