There are a lot of businesses out there that fund payroll and growth for staffing companies. There are multiple businesses all across the U.S. and Canada that deliver reliable, timely service to their clients. You should choose a company based on the ability to provide maximum cash flow, so that you can bill today and get paid in full the next day, one that lets you eliminate bad debt, such that you get free credit protection on your customers, one with full payroll services, one that accepts young companies, one that doesn’t have a minimum volume required, and one that lets you only pay for what you use.
When you sign up as a client at a great company, there should be a program that is tailored and works for you. It should provide as-needed cash flow, maximum cash flow, and cash plus total services. As-needed cash flow means that if your cash flow happens to suffer sometimes from peaks and valleys at seasonal times, or because of customer frugal behavior, or unexpected orders, then a cash program can really do the trick. When you have to have the cash, send in your timecards and invoices on customers that are credit-approved. The cash will be transferred, minus the fee for the service, and it will be transferred into your account the very next day too.
A company should also provide maximum cash slow so that if your company is expanding, you will need to get maximum liquidity from your assets. You can join up for maximum cash flow with a great company that will help you get that much-needed cash right when you need it. All you need to do is send in your weekly timecards and invoices, and you can get between 80% and 93% of the cash in your account the very next day.
When you need a complete A/R and credit office, and you want to cut your expenses and eliminate bad debt, while reducing overhead, then go with a company like this. You need to concentrate your staff on building a business, not making calls for collection. Cash plus total services offer a complete working solution for administration and working capital. You can use a full-service approach if you want. Even more than any other package available, you will get the resources you need to help grow your business. You can start the process, and the company can take it from there afterward.
Now that you’ve had a thorough introduction to invoice factoring for staffing companies, and what it can offer, you’d be wise to hook up with an invoice factoring company right away to get the money you need for your struggling staffing company business. If you’re going through a hard time with your own staffing business, it may be the only way to get the much-needed working capital you need to survive. It is imperative that your business doesn’t suffer since there is a lack of working capital, and you need to secure that through a reliable company.
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