Keep Your Staffing Business Moving with Factoring
Cover Payroll Obligations
Meeting payroll deadlines is critical for staffing agencies to maintain trust with employees. Factoring ensures they have the funds to pay staff on time, even if clients delay payments.
Manage Growth and Expansion
Factoring allows staffing companies to take on more clients and expand operations without worrying about cash flow shortages caused by slow-paying clients.
Reduce Administrative Burden
Many factoring companies handle invoice collections and payment tracking, allowing staffing businesses to focus on recruiting and placing employees rather than chasing payments.
Bridge Payment Gaps
Staffing companies often pay employees weekly or biweekly but may not receive payment from clients for 30 to 90 days. Factoring bridges this gap by providing immediate funds.
