Payroll Funding for Staffing Companies
Staffing companies can have a tough time with payroll funding if they do not have consistent cash flow. It’s all about timing as most of your clients pay within 45 days, but your employees expect to be paid each week or sooner. If your staffing company needs better cash flow to fill this gap then you have come to the right website. Factoringfast.com has been providing fast payroll funds for the staffing industry for over 20 years. Staffing companies demand fast cash flow and we have quick funds for staffing agencies payroll needs available at great rates.
Reasons Staffing Companies Need Payroll Funding
- Immediate funding on invoices so employees can be paid quickly
- Add additional new clients without a cash flow crunch
- Higher advance on receivables than traditional banks can offer
- Attract the best talent by offering more perks to your employees
- Protect your personal savings and use company assets to cash flow payroll
What Staffing Companies Do We Provide Payroll Funding?
Factoringfast is know as the fastest moving payroll funder in the staffing business. We are providing payroll funding for staffing companies that work in must about all industries including these below…
- – General Labor
- – Manufacturing
- – IT Services
- – Healthcare
- – Administrative
- – Clerical
- – Construction
- – And Many More
How Does Payroll Funding For Staffing Work?
Factoringfast will provide a payroll funding rate quote for your staffing company. This typically occurs in as little as 15 minutes verbally and we can have something in writing in a few hours. If you like our payroll financing offer and want move forward we will then ask you to fill out our application and we will evaluate your customers for credit approval. Normally within one day we will have a decision for you ready along with more details about the day to day process. We then move to fast track funds for payroll and can often start funding your staffing company payroll the next day if our due diligence does not find any issues that were not seen up front. It is not uncommon for us to have our staffing clients payroll funded within a few days of contacting us. Factoringfast.com has been providing staffing agency factoring programs for over 18 years.
INVOICE FUNDING FOR STAFFING COMPANIES BENEFITS:
- Advances up to 98%
- No up front fees in most cases.
- Free quick credit checks for your new customers.
- No nickel and dime extra fees.
- Factoring rates as low as 1%.
- Online realtime reporting