Solving Cash Flow Problems
Payroll funding is the highest priority for staffing agency and temporary staffing company owners, as they all know that a paid employee is a productive employee.
This represents a constant and significant challenge as employees expect to be paid every week or every 15 days but clients may pay you in 30, 45, 60 or even 90 days.
This payment disparity can create significant stress to the cash flow of the agency, especially if the agency does not have a large cash cushion in the bank.
Factoring medical receivables is the ideal financial tool for temporary staffing agencies. Factoring provides agencies with an immediate advance on their medical invoice receivables allowing the agency to meet payroll without stress and keep the business gears well oiled.
How Factoring Will Work For Your Agency
Sign New Clients
Lack of cash flow can hinder the growth of any staffing agency. You want to sign more and bigger clients but means more overheard and you simply can't finance the growth.
By factoring medical receivables you don't have to turn away lucrative business opportunities because the the cash flow will always be available.
Lack of working capital - not lack of opportunity - is the major impediment to the growth of a staffing agency.
As a factoring company for staffing agencies we can help fund your growth to the next level and beyond.
Call us today for a free, no obligation, discussion of your situation and let's see what we can do to help grow your agency