Benefits of factoring and payroll financing
Speeding up your agency’s cash flow is vital to meet payroll and operating expenses – expenses that are often incurred several days (or even weeks) before corresponding customer invoices are generated. Expedited cash flow is only one benefit of factoring for nurse staffing agencies, but it’s an important one.
The factoring companies we work with build programs tailored to your needs and preferences. When it comes to approvals, they look at the whole picture, not just a credit score – they look for reasons to say “yes.” For this reason, approval rates are high and factored invoices are funded very quickly.
Nurse and medical services staffing agencies can get important features in staffing factoring services that further enhance the benefits of factoring; such as:
- Low factoring fees starting at 1%
- Factoring advances as high as 98%
- Same day funding
- Fast approvals
- Free credit checks to vet new customers or set credit limits
- No long term contracts or factoring minimums – your agency stays in control
- Reduced overhead – far fewer resources consumed by accounts receivable activities
- Plus no hidden fees and no application, due diligence, or notification fees
Get a free, no-obligation quote for nurse staffing factoring services by completing the form below – you could go from approval to your first funding in hours.
