![]() Start-up companies, in particular, may have difficulty obtaining traditional bank financing to meet cash flow needs but Factor Funding Co can show you how to convert your invoices into the cash your company needs, quickly and without the hassles associated with the typical loan process. Maintaining a steady and consistent cash flowīank loans add debt to your company’s books, take time and are not as flexible as staffing funding.Additional capital for unique growth opportunities.We offer flexible funding options to help your staffing or recruiting company to meet current and future cash needs, including: The resulting cash shortage can slow your company’s growth or make it impossible to meet day-to-day expenses. We have the experience working with companies in your industry to know that you deal with multiple pay cycles that may not coincide with customer payment of receivables. By factoring my receivables, I was able to generate cash flow to continue growing.Ironically, growth and success can cause staffing and recruiting companies to face cash shortages. While payroll funding is a good option for some staffing firms, factoring offers more flexibility. Many staffing firms will turn to payroll funding or factoring to get them though their time of need. Dealing with many different pay cycles, meeting payroll can become difficult. Customers were paying me in 35 days, but I needed cash immediately. It is common for staffing firms to face cash challenges during times of growth. When the factor collects the full payment from the end customer, they return the remaining 10 to the business, minus a factoring fee. I thought I had enough cash flow to make it through, but did not realize how much of an impact extending credit to my customers would have on my cash position. When a business factors their invoices, the factor (or factoring company) advances up to 90 of the invoice value to the business. "My business was growing at a rapid pace. Staffing invoice factoring program is very simple: Maintain complete control of your business.Provide cash for your marketing and expansion.Improve your financial statement without debt.Win the battle against slow-paying clients. With payroll financing, a startup staffing company can sell their invoices to a factoring company and receive weekly advances to pay temporary employees.Meet your payroll and pay your payroll taxes on time.Start-Ups | Small | Mid-Size Staffing Company | Larger Staffing Companyįast Benefits the minute you start Factoring your Staffing Invoices. Our staffing factoring calculator shows you an example of what your factoring advance and. ![]() The factoring company earns 2 factoring fee. Get a 98 advance of 34,300 on the same day. Generate a 35,000 client invoice and factor it. All area's of staffing can truly benefit from factoring from temporary staffing, Healthcare/Medical, Security company to a IT companies. Assuming a factoring fee of 2, and an advance rate of 98, here’s how it would work: Day 1. Many staffing agencies will turn to factoring because it is faster than a loan and gives there company the consistent cash flow there looking for every month. Dealing with many different pay cycles, meeting payroll can become the most difficult part in running there business. Factoring staffing is common for companies facing cash flow problems.
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