What to Look for in a Factor

Deciding to pursue temp factoring is the first step, but what should staffing firms, including those who are starting a staffing agency, look for in a factor? Bruce Friedman, Business Services & Outsourcing Partner at BDO, recommends asking peers within the staffing industry for referrals. “Ask around and see if you know somebody who has used the […]

Who Owns Accounts Receivable in Factoring?

Temp staffing factoring, in which staffing firms sell their invoices for a fee to a third party and gain cash upfront to pay their employees and other related parties, is a popular temp agency funding option. However, it is sometimes difficult to determine who owns the accounts receivable. “In a traditional banking situation, you’re using […]