How Invoice Factoring Helps Staffing Companies Increase Available Capital Without Additional Debt
Get the working capital your staffing company needs while reducing financing costs.
The Problem
Meeting payroll without high financing costs
If you’re like most staffing agencies, your company needs access to the funds tied up in accounts receivable. Filling the gap between payroll needs and receiving customer payments is a top priority.
If your firm has tried financing options like bank loans, merchant loans, or even reverse factoring to improve cash flow, you know that not all financing packages are created equal. Getting tied up with the wrong lender is extremely restrictive and expensive.
Most factoring companies, for instance, charge application and add-on fees, ask for good-faith deposits, and require long contracts with exorbitant cancellation fees that shackle you to their services.
There has got to be a better way.
The Solution
Working capital financing with Liquid Ally
The Better Approach to Invoice Factoring
Financing through invoice factoring is a viable option for many staffing agencies who need to stabilize cash flow. The benefits of factoring include:
- access to funding as needed
- keeping revenue on and debt off your balance sheet
- unlimited funding potential
- approval in less than a week
- available to small and medium-sized firms
- start-up friendly
Liquid Ally is a financing brokerage uniquely positioned to offer the best factoring option for your staffing company. Working with us, we will provide an invoice factoring service so you can capitalize on the upsides of factoring and avoid the downsides.
Take a look at the difference:
Liquid Ally will connect your staffing agency with factoring services that offer:
- PFree set up
- PNo application fees
- PNo add-on fees
- PNo good-faith deposits
- PNo contracts or cancellation fees
- POnline portal with unlimited transactions
- PSame-day funding
Better yet, we’ll help you prepare all of your financials to mitigate risk and ensure the lowest possible cost so you can get the capital you need.
In Summary
When done right, factoring loans are an ideal funding solution for staffing agencies in need of capital for payroll. No matter the size or stage of business your company is in, factoring loans are the perfect answer to cash flow gaps. With a trusted ally, you can stay focused on running your organization while we secure the right factoring service for you.
Close your capital gap while saving time and money with Liquid Ally
When you work with Liquid Ally to broker your factoring financing package, you can expect:
- PQuick, facilitated financial preparation
- PNo exorbitant factoring contracts or fees
- PBetter rates and terms
Ready to secure the best financing for your staffing company? Contact us today.
Looking for More Services for Staffing Agencies?
Professional Employer Organization (PEO)
A PEO, and similar services like an Administrative Service Organization (ASO) can support your HR department needs by covering:
- PPayroll services
- PWorker's Compensation Insurance for employees
- PBenefits like healthcare, dental, vision, and 401(k)
- PRisk management
Companies that partner with PEOs enjoy multiple benefits, from less time focusing on HR, to significant increases in profitability. According to a study by economists Laurie Bassi and Dan McMurrer, PEOs are a boon to employers and employees alike.
They found:
- P70% of companies report revenue has increased since they started using a PEO
- PAnnual median revenue growth for PEO users was double that of comparable businesses not using a PEO
- P66% report their profitability has increased since becoming a PEO client
- P98% of business owners who use a PEO would recommend one to a colleague