Staffing Agency Invoice Financing

Invoice Financing can boost the cashflow needs of your staffing agency fast. Paying your best staffing talent on-time can be near impossible when clients are taking 30-60 days to pay you.  

Affordable working capital for payroll funding and other crucial expenses are available today for all types of temporary staffing agencies, including IT, security guard, labor, nurse, legal, accounting, administrative, financial, health care or whatever niche your staffing company caters to. 
 

payroll financing

In today’s business environment, a temporary staffing company can be a very profitable venture. The environment of outsourcing rather than hiring employees offers many attractive opportunities for staffing agencies. However, without sufficient working capital, a staffing company will struggle. The company will be unable to operate effectively or add new clients. Ultimately, the company’s growth will suffer, that's where invoice financing for payroll comes in.

One of the easiest ways a company can cover payroll and see growth is by using payroll funding. This type of invoice factoring allows a company to finance their slow-paying receivables. Instead of waiting for clients to pay in 60 days, your agency can receive funds through the payroll funding company within a day or two – in some cases, in just minutes. 

Payroll financing essentially allows your staffing agency to "sell" it's accounts receivable invoices to the factoring company for a fee, in return for upfront cash to pay your temporary employees. 

NorthWest Finance can advance 90 percent or more upfront which is among the highest rates in the country.

Invoice financing is another way to say payroll financing. If you are seeking to grow your temporary employment agency, invoice financing is an alternative financing method that is available to your business today.

Invoice financing is useful for smoothing seasonal fluctuations, managing payroll expenses, purchasing additional machinery and equipment or transitioning your companies distribution models. 

It can also be a useful stopgap measure when you are selling to a larger company that takes a while to pay it's invoices.

If your staffing agency is in need of an influx of capital contact a company like NorthWest Finance, Buisness Invoice Financing specialists.

NorthWest Finance

Minneapolis St Paul Mn and Across the U.S

612-615-8196

www.businessinvoicefinancing.com

Invoice Financing | Merchant Cash Advances | Purchase Order Financing |   Equipment Leasing