Payroll Financing for Temp Staffing Companies

Payroll Funding for Staffing Companies

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Get a free, no-obligation proposal for staffing payroll factoring services.

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Go from approval to your first payroll funding in as little as 24-48 hours — or even faster.

Grow Faster

Expedite cash flow using payroll financing for temp staffing companies.

Payroll financing for temp staffing at some of the best factoring rates in the industry.

Payroll Financing for Temp Staffing Companies

Temp Staffing Factoring Rates

Payroll funding for temp staffing with low fees and high advances

The staffing factoring companies we work with offer factoring rates that are among the best in the industry. When using our partners’ factoring for payroll financing, temp staffing agencies can expect:

Staffing factoring rates as low as 1-2%
Competitive payroll funding advances up to 98%
Low-to-no holdbacks (reserves) so you get the full benefit of expedited cash flow
No monthly minimums – factor staffing agency invoices only when you choose
No long term contracts – you stay in control so you can do what’s best for your agency
No hidden fees or add-on costs that jack up the real costs of staffing factoring
Free credit checks to help vet new clients to grow your staffing agency

Plus, get started with:

No application or due diligence fees
100% Free no risk and no obligation invoice factoring quote

When you compare the terms of the programs our partners offer for payroll financing for temp staffing companies, we believe you’re going to find they are among the best. In addition, the staffing factoring companies we work with deliver these services with a consistently high level of customer service, including dedicated, knowledgeable account managers who understand your business’s needs and preferences.

Grow your temp staffing business from where it is today, to where you want to be tomorrow.

Even if you are already factoring with another staffing payroll financing company, we would be happy to provide you with a free, no-obligation quote for comparison. We want you to be sure you have the program that is best suited for growing your agency.

Get a free, no-obligation quote for temp staffing payroll funding by completing the quick quote form below or applying online.

Staffing Payroll Factoring Calculator

Payroll Funding for Staffing Companies

What temp staffing payroll funding is and how it helps

Invoice factoring is an ideal temp staffing payroll funding solution, whether used occasionally or on a regular basis. Payroll is one of the largest expenses for a staffing agency or temporary services firm and sometimes several pay periods may even occur before a client’s first invoice is due. Staffing factoring frees up the working capital in your unpaid staffing agency invoices, ensuring you have adequate cash on hand to meet payroll and related expenses.

Additional benefits of staffing payroll factoring

Factoring staffing invoices unlocks the working capital your agency needs to meet payroll and expenses so that you can land new business or take on bigger client accounts more quickly. Since staffing and temporary employment agencies often invest a considerable amount of resources in recruiting, hiring and placing candidates before a customer’s first invoice is even generated, it’s an ideal way for your agency to ensure that cash flow can keep pace with operational costs.

Agencies that factor invoices to expedite cash flow improve their ability to meet operational expenses and fund payroll, but that’s not all. Agencies that factor can also use improved cash flow to negotiate discounts with their suppliers and extend generous payment terms to clients as a competitive advantage. This could be key for a growing agency, especially in their efforts to land new and potentially larger accounts, or even place more employees with an existing client.

How Staffing Factoring Works for Payroll Financing

How payroll financing for temp staffing companies works

When staffing and temporary employment agencies factor customer invoices, they can get the money clients owe them on the same day a staffing agency invoice is generated, rather than 30, 45 or even as long as 90 days later when the client actually pays.

Invoice factoring, or staffing factoring, is a solution for financing staffing agencies. It is commonly used by staffing and temporary employment agencies as well as other types of businesses that invoice clients for payment. It expedites cash flow by unlocking the money tied up in unpaid client invoices, without impacting the clients receivables terms.

In other words, you can factor a staffing agency invoice the same day it’s generated and get an advance to finance your temp staffing payroll or other expenses. Assuming a 2% factoring fee and 98% advance rate, here’s how the process might work:

Day 1	Client Invoiced	$25,000
	98% Advance to Staffing Agency	$24,500
	2% Factoring Fee	$ 500
Day 15-30-45-60-90+?	Client Pays in Full

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Factoring vs. Payroll Financing for Temp Staffing

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How staffing factoring compares to payroll financing for temp staffing agencies

Some staffing factoring companies have different programs for invoice factoring vs payroll financing for temp staffing companies. However, the only real difference lies in how your agency uses factoring as a staffing agency funding tool.

The main reason staffing factoring companies offer different programs is for contractual terms. In other words, they may require that an agency factor a minimum amount each month, or that they factor all their staffing agency invoices, even when it’s not in their best interest to do so.

We believe you should always be able to do what’s best for your staffing business. We work with the best staffing factoring companies. They offer solutions for payroll financing that keep you in control, with:

No factoring minimums – factor only when it’s right for your business
No long term contracts or punitive conditions if you decide to stop factoring
Competitive staffing factoring fees and advances
Low reserves and often financing with no holdbacks at all
Fast, same-day funding
No hidden fees
Great customer care to win your business for the long term
Free credit checks to help you vet new clients and ensure you’re offering the right terms

Get a free, no-risk staffing payroll financing proposal by applying online in as little as 24 hours, or even faster.