Staffing factoring is crucial to a staffing company’s balance sheet. Payment terms with clients mean a gap in available working capital for staffing businesses. Your employees need to be paid on time, but you are waiting for your clients to pay. Here is where invoice factoring for staffing companies can offer a working capital financing solution.
You place an employee at a company. They require a paycheck at the end of the pay period, but your business doesn’t have the capital to meet payroll without your client paying you first. Yikes. Avoid this scenario through accounts receivable financing. Meet all the costs of a staffing business with improved cash flow that grows with your business.
Invoice factoring services are perfect for payroll funding. Missing payroll can open your company up to lawsuits, lowered employee morale, or even fewer employees. When employees are paid in full and on-time, they perform better. Financial insecurity can cause a wealth of issues in personal lives that seep into professional performance. Selling open invoices to a factoring company for payroll funding is a simple, straightforward and flexible funding solution.
Invoice Factoring for Staffing Companies
Invoice factoring ensures your staffing company will grow. Focus on the operations and forget the stress of cash flow and receivables management. Staffing factoring is set up to streamline the business financing process for staffing companies. Payroll is crucial to a staffing operation, and immediate payment on your staffing contracts is possible with invoice factoring. Not only can your staffing company cover overhead costs, but your business can expand in personnel and industry as well. Click here for more information on staffing factoring.
Why Choose Eagle Business Credit for Staffing Invoice Factoring?
There are many staffing factoring companies and payroll funding companies to choose from. Eagle Business Credit, a staffing factoring company in Atlanta, GA, specializes in providing cash flow for staffing companies. We understand the industry. We are familiar with staffing contracts and can provide things like fee reductions or an over-advance to best fit your cash flow needs. Our staffing factoring facilities can help you expand in your market and take on more contracts.
Want to Learn More about Eagle? Click Here!
Eagle Business Credit believes in a personal approach to understanding your cash flow needs. We offer flexible financing plans that are custom to your business. There is no one-size-fits-all business, so we don’t try to shove your financing needs into a box. We work with many clients in the staffing sector and understand the industry very well. Give us a call and let’s discuss your cash flow needs. There is no obligation to sign up for our factoring services, but we are here to help!
Curious About Our Pricing?
Our pricing plans are based on custom financing plans that we offer to each of our clients. Invoice factoring for staffing companies is easy to qualify for and fast. We can fund your business in as little as a week from the time you apply. You can qualify for our factoring services regardless of your time in business or credit score. We evaluate facility approvals based on the strength of your receivables, not your credit score. Invoice factoring is a tried and true method of improving your cash flow and works exceptionally well in the staffing industry.