6 questions to ask your Payroll financing company

Not every payroll factoring company is the same. Some operate only within specific industries, and the rate advance can vary accordingly. When reviewing payroll factoring prospects, ask these six questions to gain valuable information in order to make an educated decision. Diligent research will pay-off when you partner with the right factor for your particular […]

Are your clients creditworthy?

Knowing the creditworthiness of your clients is a crucial question in the staffing field, especially if you’re regularly providing clients with temp workforces while you retain financial responsibility for wages, withholdings and benefits. While your use of a factoring company can alleviate the weekly cash crunch, you must still feel confident about getting paid — […]

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

Through a payroll factoring company, 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 […]