Invoice Factoring for Staffing Companies

Staffing Factoring Will Turn Your Unpaid Invoices Into Cash

Is your staffing business struggling due to slow-paying customers? Have you been turned down by traditional lenders? Invoice factoring, also known as staffing factoring or staffing funding, helps staffing companies access fast funding by turning receivables into immediate working capital. Factor Finders offers a wide variety of funding solutions to help your staffing agency cover payroll and other business expenses. Invoice factoring is a popular choice for the staffing industry since offers unlimited that grows with your client base. No matter if you are starting up or you are already established, staffing invoice factoring is the answer to funding payroll on time, every time. 

Staffing Factoring Solves the Cash Flow Crunch

Staffing factoring is one of the most popular forms of financing for temporary staffing and small business owners. Funding is fast, the approval process is easy and there are no set-up fees needed to get funding. Because there are no minimum volume requirements, you can factor when you want, how you want, whom you want and for however long you want. When we say flexible payroll funding – we mean it! 

How Does Invoice Factoring Work for Staffing Agencies? 

A staffing invoice factoring company will purchase your unpaid staffing invoices and advance you 70-90% of their face value within 24 hours. The factor then collects payment directly from your customers and sends you the remaining 10-30%, minus a small factoring fee. Unlike a loan, staffing factoring turns your accounts receivable into immediate cash that you can use to cover your operating expenses. Factors base their funding decisions on your customers’ financial strength, which means your company can qualify, even with poor or little credit. In addition, approval takes as little as three to five business days with little required paperwork and a streamlined underwriting process.