Payroll Funding: Factoring Temp Agency and Staffing Companies
Welcome to GrowCo's payroll funding and staffing factoring division. We know the cash flow challenges facing your growing staffing or recruiting agency - and we have tailored solutions to meet your needs. Use the invoices you have on hand to unlock the cash in your company. We can advance your temp agency funds of just a few thousand dollars per month and up to millions per month.
Is payroll funding/staffing factoring right for me?
Whether you are placing permanent or temporary employees in clerical or administrative, nursing, IT, or other roles, or conducting executive search services for high-level professionals, we can help you. We understand the unique documentation in the staffing and recruiting industry and leverage this knowledge and experience to provide solutions to help you solve your challenges and focus on growing your company.
The majority of our payroll funding customers fall into one or more of these situations:
- companies with large, financially sound customers that demand aggressive credit terms
- companies with seasonal or uneven sales patterns
- experiencing cash flow shortages due to slow accounts receivable turnover
- rapidly growing companies with spotty earnings and sales histories
- start-up companies with no established financing relationships
- companies with unique expansion opportunities that require considerable capital
- owners with past credit problems
With robust invoice funding resources and many combined years of experience with traditional invoice factoring and the staffing and recruiting industry in general, we are specialists in helping temporary and permanent staffing companies and recruiting agencies with their cash flow needs.
It is common for staffing and recruiting companies to face cash challenges during times of growth. Dealing with many different pay cycles, just meeting payroll can be very difficult. Many staffing companies turn to payroll funding or traditional invoice factoring to make it though lean times. While payroll funding may be a decent option for some companies in the staffing and recruiting industry, traditional invoice factoring will give your company more flexibility.
Whatever your niche in the staffing and recruiting industry – from temporary and permanent staffing to executive recruitment, we can help you meet your obligations on time, every time. Give us a call at (866) 268-9515 or complete our quick application above.
Benefits of Factoring with GrowCo:
- Rates as low as .5%
- Funds deposited into your account within hours
- No long-term contracts
- No minimum volumes or minimum fees
- Factor only when you want
- Factor only the invoices you want
- Flexible and creative financing programs other than factoring
- Super fast approval
- No application fees
No Financials Needed. No Application Fees. Creative Financing for Any Industry. Rates as Low as .5%.
Call us 24 Hours a Day, 7 Days a Week: (866) 268-9515.