Non-Recourse Factoring for Staffing and Temp Agencies

Benefits of Non-Recourse Factoring for Staffing Agencies

Choosing non-recourse factoring for staffing and temp agencies provided added value in the form of features and benefits without adding cost.

Recourse vs. Non-Recourse Factoring for Staffing

Recourse vs. Non Recourse Factoring for Staffing and Temp Agencies

Non-recourse factoring companies give their clients additional financial protection. When a non-recourse factoring company factor an invoice, they assume the credit risk on that invoice. As the factoring client, if your customer is unable to remit payment on a factored invoice due to an insolvency event, the factoring company absorbs the loss, not your agency.

Most factoring companies offer accounts receivable financing to staffing and temp agencies with “full recourse;” however, full recourse factoring (or factoring with full recourse) leaves your company at a higher risk from bad debt. If your customer cannot pay a factored invoice due to a credit or solvency problem, your company will be required to buy back the factored invoice. You may even incur additional costs if the factoring company requires that you cover administrative or collection costs as well. Companies that factor with full recourse may also require clients to buy back invoices if they go unpaid for a specified period of time, regardless of the reason.

Non-recourse factoring companies will generally only require clients to buy back an invoice when it’s disputed by the customer, such as when a shipment was returned, refused or not received.

Request a free, no-obligation quote and get your staffing agency on the road to more consistent cash flow and growth.

Get a free, no-risk quote to find out how non-recourse factoring for staffing and temp employers could help your agency.

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Added Value of Non Recourse Factoring for Staffing Agencies

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Get the added value of non-recourse factoring for staffing and temp agencies at no additional cost.

We offer non-recourse factoring rates which are comparable to those of companies that factor with full recourse, and advances which are among the highest in the industry. Request a free, no-obligation quote to find out more about staffing factoring the features that matter most to you:

Features	Benefits
Low rates starting at 1%	Lower factoring rates reduce the cost of financing
Competitive advances	Expedited working capital for faster growth
Fast same / next day funding	Reduced expenses and faster access to capital
Non-recourse factoring	Reduce or eliminate your firm’s financial risk from bad debt
No long term contracts	No penalties or lengthy auto-renewals clauses
No factoring minimums	Factor only when it’s best for your agency
No application or due diligence fees	Reduced expenses
Fast approvals	Look for reasons to say ‘yes’
Short application process	You could go from approval to your first funding in hours
Free credit checks on your customers	Vet new customers more effectively; strengthen your customer base
Program transparency; no hidden fees	Control costs and maximize the benefits of factoring
Invoice customers or task to the factoring company	Reduce agency overhead, minimize resources consumed by accounts receivable tasks

If you’re ready to request a proposal for non recourse factoring for staffing and temp agencies, apply online – you could go from approval to your first funding in hours, and unlock the working capital your agency needs to grow.