Staffing Financing

Business Factors is an alternative to traditional factoring, were by individual’s invoices are sold and purchased by the factoring company. Accounts receivable financing with business factors is a line of credit is established based on your companies out standing accounts receivable. As new sales are created, you may borrow against the percentage of those accounts. When money is collected, it reduces your loan balance.

Unlike factoring your company is responsible for non-paying customers. This type of financing is more appropriate for larger more established companies that have in house credit and collections departments. Some of the types of staffing agencies that we work with on a regular basis include:

Light industrial
Clerical and administrative
Nursing
Medical personnel
Security guard staffing
Seasonal employee staffing
Construction staffing
Oil and gas

Your staffing agency may be in need of a stable source of financing and funding for:

Hiring new employees
Purchasing supplies and paying overhead expenses
Meeting weekly or daily payroll expenses
Employee training expenses for specialized temporary staffing companies

At Business Factors, we know that cookie-cutter solutions for finance for staffing agencies just don't make sense. That is why we work with your business to come up with a plan that not only fits, but is also designed to grow and expand along with your operations.

Apply Today!