Temp Staffing Factoring & Payroll Financing

TEMP STAFFING FACTORING & PAYROLL FINANCING

Fees from 1-2% – Advances up to 98%
Fast funding
High approval rates
No minimums or long-term contracts
Spot factoring & micro factoring also welcome

The best staffing factoring companies make it easy for you to unlock the working capital tied up in client invoices on an ongoing basis – or for staffing agency funding just when you need it.

Get a Free Quote

1. Apply

Apply and we’ll connect you with the best staffing factoring company based on your goals and preferences.

Factor Invoices

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

3. Speed Up Cash Flow

Free same day advances to expedite cash flow or cover payroll so you can keep growing your agency.

Speed up cash flow with the best staffing factoring companies.

Staffing Factoring Rates as Low as 1%

How Staffing Factoring Works

How temp employment and staffing factoring works

Staffing agencies that want to improve cash flow in order to meet operational and payroll demands can factor staffing agency invoices on a regular or occasional basis. Invoices factored by your staffing agency are typically funded on the same day – up to 98% of the face value of the invoice, with the remainder placed in ‘reserve.’

For instance, let’s say that you are billing a client for services in the amount of $35,000 but you want to access the funds without waiting weeks – or months – for the customer to pay. Assuming a factoring fee of 2%, and an advance rate of 98%, here’s how it would work:

Day 1 –	Generate a $35,000 client invoice and factor it
– Same Day	Get a 98% advance of $34,300 on the same day
	The factoring company earns 2% factoring fee

Invoice Factoring Calculator

Why It Works

Benefits of temp employment and staffing factoring

Staffing agencies, recruitment firms and similar types of staffing companies (nurse staffing agencies, security guard services, etc.) face a similar cash flow challenge. They often have to pay out a significant amount of money in salaries and fees to employees before receiving payment from the employers and clients that utilize their services.

An agency may outlay thousands of dollars for recruiting and run multiple payrolls before a client invoice is even issued, depending on their payment terms.

Staffing factoring provides staffing, recruitment, and temp employment agencies with immediate access to money owed by clients without waiting for them to pay. It’s a common staffing financing and cash flow management tool utilized by:

Business staffing agencies
Manufacturing staffing businesses
IT staffing agencies and consulting firms
Security guard agencies
Nurse staffing agencies
Temporary employment agencies
Other B2B service agencies and consulting firms

Staffing factoring enables agencies to meet operational expenses or can be used as payroll financing for temp staffing. Plus, you’re still able to extend favorable terms to clients while expediting cash flow through your agency’s receivable invoices – which can be a competitive advantage over competitors who cannot extend long payment terms.

For fast answers, submit our 1-page application for staffing factoring services and we’ll bring you a staffing factoring proposal. You could go from approval to your first funding in hours.

Low Fees, High Advances

Low staffing factoring fees from 1-2% – advances up to 98%

Our partners’ tools for financing staffing agencies are flexible and can be tailored to your organization. You can factor on a regular basis or only occasionally to expedite cash flow or for use factoring as a payroll funding loan to ensure adequate working capital. We will connect you with the best factoring companies for staffing agencies whose programs feature:

Staffing factoring rates as low as 1-2%
Advances up to 98% of the staffing agency invoice amount
No long-term contracts or crazy penalties if you decide to stop factoring
No minimums – factor only the invoices you choose to
Fast, same-day staffing agency funding
Free credit checks on your customers
No hidden fees
Spot factoring and micro factoring for staffing agencies
Great customer care to win your business for the long term
No application or due diligence fees
100% free to apply and no obligation to accept

There are no fees to apply – no application, processing or due diligence fees – and no obligation to move forward, so there’s no risk to your agency to request a free quote to see how staffing factoring services could benefit your agency.

We take pride in our mission of helping our clients grow to the next level and offer our factoring clients a high level of customer service and expertise. It doesn’t cost you more to work with us, but it could mean a better staffing factoring agreement for your agency.

Get a Free Quote

Staffing Factoring - Types of Companies Served

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Staffing factoring services are commonly used by all types of temp employment, recruitment, and staffing agencies, as well as similar types of businesses that need access to the working capital tied up in customer invoices in order to meet payroll and other operating expenses.

Invoice factoring is a common financing and cash flow management tool utilized by:

Staffing agencies
Recruitment companies
Temporary employment agencies
Manufacturing staffing services
IT staffing and consulting agencies
Security guard agencies
Nurse staffing agencies
Other B2B service agencies and consulting firms

Even if you are already factoring invoices, we would be happy to provide you with a free, no-obligation quote from one of the best factoring companies for staffing agencies. Compare it to your current program and ensure you have the best deal in place to grow your business.

Get more information about how factoring invoices could help you grow your staffing, recruiting or temporary employment services firm by requesting a free, no-obligation quote for staffing factoring services.