Payroll funding

Payroll funding for staffing agencies

payroll funding

1 (800) 317-4933

Our payroll funding service is a flexible factoring facility for payroll designed for staffing agencies, it includes invoicing and collections.  This is an affiliate program which is one of the most competitive in the industry and tailored specifically for temporary  placement staffing agencies in the United States and Canada.

The payroll funding facility is a necessary funding option for temporary placement staffing agencies that require a constant flow of capital to meet payroll. 

FULL RANGE OF SERVICES

  • Payroll Funding & Management
  • Invoice Production and Mailing
  • Check Production
  • Debit Card Program
  • Discounted Insurance
  • Worker’s Compensation Program
  • 401K and Retirement Planning Advise for Employees
  • Full Back Office and More

Below are a few of the other advantages:

  • Meet payroll regularly
  • Hassle-free application to funding process
  • Protection from bad debt with our non-resource option
  • Receivables line of credit option (more information below)
  • Payroll funding in the millions for your agency's continued growth (availability as you grow)
  • Facilities tailored to fit the funding requirements of our client
  • Up to 95% advances (Staffing)
  • Very competitive and attractive rates
  • Flexible terms
  • Complete access to your account via our secured online portal
  • Perform free credit checks on new customers 24/7
  • Invoicing and collection services included
  • VMS System specialists
  • Full-back office services available
  • Funding for well-seasoned companies and startups
  • 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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