Manufacturing Staffing Factoring

Manufacturing Staffing Factoring Eliminates the Cash Flow Crunch

If slow cash flow is making your manufacturing staffing company suffer, forcing you to allocate your company’s valuable time and resources to a struggle to meet payroll and cover basic costs, then manufacturing staffing factoring is the definitive next step in your business’s success.

Factor Finders knows how poor cash flow can hold up your temp staffing company’s goals. Our goal is to provide you with easy, immediate, and risk-free funding so your manufacturing staffing agency can reach its fullest potential.

Why continue to wait on slow invoice payments that hold your manufacturing staffing company back? Funding payroll has never been easier with invoice factoring and payroll factoring. This will improve cash flow, enable timely payroll for employees, and support your agency’s growth without the financial strain of waiting for client payments.

Easy and Instant Payroll Funding with Factor Finders

Applying for factoring is as simple as sending an email. Our highly-trained and experienced experts will review your application and connect your manufacturing staffing agency with the best staffing agency factoring company for your business’s unique needs and goals. Staffing agency factoring involves selling invoices to a third party for immediate cash flow, providing a faster alternative to traditional debt or loans.

Invoice factoring for manufacturing staffing agencies is vastly better than applying for a bank-loan. See for yourself:

What is Manufacturing Staffing Factoring?

Payroll funding allows your manufacturing staffing agency and temporary staffing agencies the freedom to stop worrying about simple financial obligations and focus instead on growing as much as possible.

The temp staffing funding process is easy!

1. Factor Finders connects you with the perfect factoring companies for manufacturing staffing.
2. Sell your invoices to the factoring company, receive up to 90% cash immediately.
3. The factor collects payment directly from your clients, subtracts a tiny fee, and returns the remainder to you.
4. Repeat as needed.

How Staffing Factoring Works

Staffing factoring is a financial lifeline for staffing agencies, providing immediate cash flow by converting unpaid invoices into working capital. Here’s a step-by-step breakdown of how the process works:

1. Invoice Creation: Your staffing agency generates an invoice for the services rendered to your clients.
2. Invoice Submission: You then submit this invoice to a factoring company.
3. Invoice Verification: The factoring company verifies the invoice and assesses the creditworthiness of your client.
4. Advance Payment: Upon verification, the factoring company advances a significant percentage of the invoice value to your agency, providing immediate cash.
5. Invoice Collection: The factoring company takes on the responsibility of collecting the payment from your client.
6. Repayment: Once the client pays, the factoring company deducts a small fee and remits the remaining balance to your agency.

By leveraging staffing factoring, agencies can bypass the waiting period for invoice payments, ensuring a consistent cash flow and enabling them to focus on growth and operational efficiency.

Understanding the Process of Selling Invoices and Receiving Payments

Qualifications for Staffing Factoring

To take advantage of staffing factoring, your agency needs to meet certain qualifications. Here’s what factoring companies typically look for:

1. Business Type: Your agency should specialize in providing temporary or permanent staffing services.
2. Invoice Requirements: You must have outstanding invoices that are due for payment.
3. Client Creditworthiness: Your clients should have a solid credit history and a reliable payment track record.
4. Agency Financials: Your agency should demonstrate a stable financial situation and a clear need for factoring.
5. Industry: Your agency should operate within an industry that is eligible for factoring, such as temporary staffing or permanent placement.

Meeting these criteria ensures that your agency can qualify for staffing factoring, securing the financial support needed to thrive and expand.

Criteria for Agencies to Qualify for Factoring

Invoice Factoring Benefits Manufacturing Staffing Agencies!

All specialties of manufacturing staffing can take advantage of the many great benefits of payroll funding, especially staffing firms:

• Mechanical
• Maintenance Technician
• Production Supervisor
• Welding
• Warehouse
• Inspector
• Machine Operator
• Electrician
• And many more!

Through easy access to an accelerated cash flow, payroll funding can offer many advantages for your manufacturing staffing company. These advantages include:

• The best rates in the staffing funding industry: 0.69% to 1.59% for 30 days
• Bad credit is OK
• No binding contracts
• Flexible service
• First time accounts processed and funded in days
• Up to 90% cash back instantly

Choosing the Right Factoring Company

Selecting the right factoring company is crucial for maximizing the benefits of staffing factoring. Here are key factors to consider:

1. Experience: Opt for a factoring company with extensive experience in the staffing industry.
2. Reputation: Research the company’s reputation and read reviews from other staffing agencies.
3. Fees: Compare the fees of different factoring companies and look for transparent pricing structures.
4. Advance Rates: Evaluate the advance rates offered and seek competitive terms.
5. Customer Service: Assess the quality of customer service and look for a company that provides personalized support.
6. Flexibility: Choose a factoring company that offers flexible terms tailored to your agency’s specific needs.

By carefully considering these factors, your staffing agency can partner with a factoring company that provides the financial stability and support necessary for sustained growth and success.

Contact Factor Finders Now and Watch Your Manufacturing Staffing Business Flourish!

Factor Finders’ top staffing factoring personnel are standing by to help your manufacturing staffing agency. Call 1-855-EZ-Factor or apply online now. Manufacturing invoice factoring will take your staffing company to the next level today!