It can be difficult to find working capital for you staffing company today. This is why many business owners are turning to staffing factoring as a way to generate the much needed working capital for their companies. You can get the money you need today through factoring, it is fast, easy and cost effective. Do not let your business suffer waiting 30 plus days for clients to pay their invoices. Get your money now with staffing factoring.
Get The Money You Need Today
Slow paying customers makes it difficult for staffing companies to meet payroll and other busienss expenses. Staffing factoring helps these businesses get their money now, when you need it, not just when your customer is ready to pay. This fast, easy and cost effective financial option will help your company stabilize financially and grow into a more secure future in the staffing industry. Do not wait, get your money today.
How Staffing Factoring Works
The factoring process is simple. Your company is able to get an advance of up to 90% of your invoices within as little as 24 hours. This money is directly deposited into your businesses bank account. There is no hassle of credit checks or financial and collateral requirements. This is not a loan but an advance with only your accounts receivables being required for approval. This 5 step process can get your staffing company the money it needs today.
- Issue an invoice to your customer for staffing services provided
- Submit an copy of this invoice to the factoring company
- The factoring company will then issue an advance of up to 90% of the invoice total in as little as 24 hours
- The factoring company will hold 10% of more of the invoice total just in case the customer does not pay
- When the customers payment is received the factoring company will deduct the advanced amount with interest and refund your company any remaining money.
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