staffing PROGRAM

Flexible solutions designed for temp staffing agencies

Staffing program payroll funding receivables factoring

1 (800) 317-4933

From our years of working closely with staffing businesses, we have developed a suite of services tailored to the needs of the staffing industry, and we can give you a choice of the level of service you require.

  • Receivables Factoring
  • Payroll Funding - Management and Invoicing
  • Receivables Funding and Full Back Office

All our services include free online access and reporting.

RECEIVABLES FUNDING

We can advance up to 92%-95% (higher on a case by case basis) of the value of your receivables within 24 hours and upon
collections provide the remaining balance less our fees. The benefits of this service are:

  • Injection of cash to fund growth, develop new projects, meet expenses or restructure business
  • The facility is linked to the size of your eligible receivables and growth with you
  • We can fund facilities of up to $35,000,000.00 (availability as you grow)
  • Our “Availability” –based facilities allow you to draw down only the funds that you need
  • Be charged only for the funds you use
  • Unlike payroll funding, funding is based upon the entire value of your receivables, not just payroll
  • Secure your business finances on your business assets, not your personal ones
  • We develop with you a receivables management service to improve days outstanding performance

PRICING – RECEIVABLES FUNDING

We are the most competitive receivables funder in the industry. We can offer two types of pricing:

A small service fee to reflect the servicing of A/Rs and a prime plus based charge on funds used

A fixed percentage covering the service fee and the funds use

FULL BACK OFFICE
Payroll Managenent and Invoicing

We can offer a comprehensive payroll management and invoicing service that takes much of the headaches out of running the administration of your business. This service includes:

  • Payroll Services
  • Web-based program
  • Complete payroll preparation and processing
  • Check printing at any location
  • Timely tax deposits (federal, state, local)
  • W2s, including magnetic film
  • Direct deposit
  • Worker’s Compensation
  • Program Debit Card Program
  • 24 Hour Turnaround
  • Extensive weekly, quarterly and year-end reporting and tax filing where appropriate

Invoicing Services

  • Invoice Preparation, printing and mailing
  • Integration HR reporting
  • Tracking of worker’s compensation
  • Profit reporting by company, client and employee

Additional Services

  • Discounted insurance
  • 401K and retirement planning advise for employees.

APPLYING FOR INVOICE FACTORING AND PAYROLL FUNDING IS SIMPLE

  • Complete the simple application process (via email)
  • Get approved (Documents are then signed)
  • You submit invoices (Invoices are verified)
  • Funds are deposited into your bank account

OTHER FUNDING PROGRAM ADVANTAGES

  • Meet payroll everytime
  • Simple application to funding process
  • Monthly advances from $10,000 to $35 million
  • Competitive rates and flexible terms
  • High advances on invoices
  • No application fees
  • No early termination penalties​
  • No contracts
  • Non-recourse option
  • Blind billing option
  • Short-term or open term facilities
  • We specialize in Vendor Management Systems (VMS Systems)
  • Ledgered credit lines and full factoring lines
  • Startups to well-seasoned agencies
  • Free invoicing and collections services
  • Free credit reports
  • Online account access
  • Account Executive services
  • Easy upload from QuickBooks
  • Deal directly with decision makers
  • Full Backroom services including payroll, benefits, taxes, and compliance
  • Very likely we'll be able to beat any other offer you might be considering
  • Plus other benefits

RECEIVABLES LINE OF CREDIT

Our receivables line of credit option is called a ledgered line of credit, which offers many of the advantages of a traditional bank line of credit except for the restrictions that can hinder a company's growth should a financial covenant is not met during a review of the latest financials or an audit. A ledgered line of credit has no such restrictions.

A ledgered line is ideal for companies that are considering a traditional line of credit or are presently with an asset based lending or bank line and would like to get away from the strict requirements but maintain the features of a traditional line and competitive pricing. And unlike a traditional line of credit, there are no audits or restrictive covenants with respect to ratios, concentration, etc.

HERE ARE THE OBVIOUS ADVANTAGES OF A LEDGERED LINE OF CREDIT

  • No audit requirements
  • No restrictive financial requirements
  • No restrictive covenants
  • No financial ratio requirements
  • No concentration restrictions
  • No long application to funding process
  • Plus other benefits

For more information about our invoice factoring or receivables line of credit, please submit this SHORT FORM. The affiliate office that handles your area will contact you shortly.



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