Staffing2018-08-31T10:45:20+00:00

Staffing

Receive working capital fast to meet your payroll needs.

Staffing

Receive working capital fast to meet your payroll needs.

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FACTORING FOR STAFFING AGENCIES

A huge obstacle for any temporary staffing agency is that payroll is typically paid weekly while customers may not pay for 30, 45, or even 60 or more days. This timing difference creates a cash flow shortfall, making factoring a perfect fit by turning unpaid invoices into immediate cash. Factoring companies close the gap between weekly payrolls and customers’ payments.

How can Staffing Companies Benefit by working with a factoring company like CFR?

  • Receive working capital fast
  • Confidently fund weekly payroll and other expenses with reliable, consistent cash flow.
  • Choose to factor as many of your eligible invoices as needed to cover expenses
  • Have ready access to guidance and consulting
  • Eliminate trips to the bank to deposit checks
  • Retain copies of all checks received from customers
  • Offload office support like credit approval, contract review and risk assessment
  • Accept new opportunities by having the capital to grow

For over a decade, Cash Flow Resources (“CFR”) has been providing factoring payroll solutions for staffing agencies. We understand your unique issues such as payroll, workers compensation, and seasonality. Whether you are a start-up or an established growing company, CFR is dedicated to providing a customized solution to help your business succeed.  Funding is available for all types of temporary staffing companies, including: IT, security guards, laborers, nurses, legal aids along with accounting, administrative, financial, and healthcare positions.

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CASE STUDY FOR STAFFING COMPANY

Challenge:  The staffing company could not meet weekly payroll given their customers paid in 15, 30 or even 60 days. Additionally, the company’s revenue is somewhat seasonal during festival season, which requires more working capital.

Solution:  With factoring through CFR, the company is able to speed up its cash flow by receiving funds immediately when unpaid invoices are submitted. It no longer has to wait for slower customer payments to receive working capital. Also, the company can factor as much and as little as needed, depending on its cash needs.

Results:  By using factoring, this staffing company can ensure money is in the bank to confidently fund weekly payroll. Additionally, they now have the ability to bid on larger jobs, knowing they will have the working capital needed. Since 2011, the company has grown using CFR and values the personalized attention and trust CFR with their business needs. It also values CFR’s consulting arm with reviewing new contracts.

“Using CFR is a great asset for us to make sure our payroll gets paid….It gives us the opportunity to go out and bid on theses larger jobs and fund it through CFR……”

Sue Lawson and Mary Masingill/
NOLA Event Labor Support LLC

WHY FACTOR WITH CFR?


Understanding

Customized Financial Solutions

Fast Approval

Responsive to Specific Needs

Flexibility

Funding for Newly Formed Companies

Fast Funding for Growing Companies

Funding Companies with Poor Credit

Support

Access to Senior Management

Informed Support Staff

Trused Business Consultant

Bottom  Line 

Build Business Credit Profile

Sustainable Long Term Cash Flow Solution

Focused on Your Success


Bank Credit Lines


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Online Lenders Merchant Cash Advance


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