The Benefits of Factoring

Understanding the details and proceeding with temp staffing factoring offer valuable benefits to the staffing firm. Factoring generally provides cash more quickly without the hassles of financial reporting review. For example, a traditional lender usually asks and takes significant time to review the staffing firm’s financial statements and tax returns, whereas a factor usually doesn’t […]

6 questions to ask your payroll factoring company

Not all payroll factoring companies are the same. Some operate only within specific industries, and the rate advance can vary. When reviewing payroll factoring prospects, ask these six questions to gain valuable information to make an educated decision. 1. How can I be assured my company will receive funds? Your staffing firm needs steady cash […]

Payroll factoring to improve a staffing company’s cash flow?

Through payroll factoring, staffing agencies sell their accounts receivable invoices for a fee to obtain immediate cash. The staffing agency’s clients then pay the factoring company directly. This arrangement provides your staffing firm with: Instantaneous cash to operate and grow your business instead of waiting the traditional 30, 45 or even 60 days for payment […]

What is an Accounts Receivable Factoring Company?

When searching for staffing agency finance, you have probably run across accounts receivable factoring, a type of funding in which you sell your accounts receivable to the factoring company for a cash advance. Your clients then pay the factor directly. Firms of all sizes and in all stages of their life cycle can receive accounts […]