How Invoice Factoring Can Help Staffing Companies

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 September 2021

It’s a common misconception that only trucking, manufacturing, and wholesale companies can use invoice factoring to keep a constant and reliable cash flow. Invoice factoring is helpful for any staffing company that is trying to keep up with payroll.

Invoice factoring allows you to sell your invoices and pay your employees on time. Sometimes your clients may take 30 days, 60 days, or even longer to pay and most of the time you will need to pay your employees on a biweekly or semimonthly bias. Having the ability to pay your employees on time will give you the opportunity to expand your business at a higher rate than if you were waiting for your clients to pay you back.

Invoice factoring is a great tool for staffing companies who are running low on cashflow for payroll. If you are interested in invoice factoring for your staffing company, call 800-560-2601 or click on apply now and we will get a proposal to you in less than 48 hours after receiving your application.