Why do Temp Staffing Companies Use Factoring?

There are plenty of reasons why many successful as well as small staffing companies prefer invoice factoring as their primary method of funding for growth and a steady cash flow. Here are the top 7 reasons:

  1. Funding payroll with invoice factoring is personal! After reviewing your application, Factor Finders’ top experts will connect you with the best factoring service for your staffing company’s distinct needs and goals.
  1. Factoring for staffing companies is flexible! You can choose which invoices to factor! Factor as rarely or as often as you need! There are no binding contracts or hidden fees. You decide what kind of relationship you want with your factoring company!
  1. Payroll funding is easy to obtain! Unlike a bank-loan, there are no overwrought paperwork packets, and staffing companies from all stripes, with any size, credit, or experience, can get funding!
  1. Staffing factoring is easy to use! There’s nothing easier than the factoring process: you sell your invoices to the staffing factoring company, get an immediate cash advance, and get the remainder, minus a small fee, once your clients have paid the factor.
  1. Staffing invoice factoring is the only type of funding that grows as your business grows! The more working capital you have, the more you can grow your business, and the more invoices you can cycle through the factoring company!
  1. Bad credit is OK! This is because factoring companies care more about your clients’ credit.
  1. Factoring benefits staffing companies of all sizes, whether you’re struggling or already successful. The point of factoring is to harness the power of instant working capital to make your business better than you ever thought possible.

With so much going for staffing companies who decide to take advantage of invoice factoring, it’s no wonder that staffing invoice factoring is becoming such a popular option for large and small staffing companies alike. To learn more or to get started with factoring today, call 1-855-EZ-Factor or apply online now!