Staffing and Recruiting Industry
Operating a staffing and recruiting business can be financially rewarding but cash flow problems can hurt even the most well managed company. Factor Funding Co has staffing factoring solutions to the cash flow challenges your small or medium-sized business may experience. Whether your business is a start-up or a growing established company we can turn your invoices into the cash you need.
We understand the unique issues in the staffing and recruiting industry. Whether your company specializes in clerical or administrative workers, nursing, IT or executive searches chances are you have experienced one or more of the following challenges in your business:
- Large corporate customers that demand aggressive credit terms
- Seasonal or cyclical sales patterns
- Good customers who are slow paying their invoices
- Experiencing rapid growth but have no credit history
- Unique growth opportunities requiring a substantial cash investment
- Owners have past credit problems
- Difficulty meeting payroll requirements
Ironically, growth and success can cause staffing and recruiting companies to face cash shortages. We have the experience working with companies in your industry to know that you deal with multiple pay cycles that may not coincide with customer payment of receivables. The resulting cash shortage can slow your company’s growth or make it impossible to meet day-to-day expenses.
We offer flexible funding options to help your staffing or recruiting company to meet current and future cash needs, including:
Additional capital for unique growth opportunities
Cash for payroll expenses
Maintaining a steady and consistent cash flow
Bank loans add debt to your company’s books, take time and are not as flexible as staffing funding. Start-up companies, in particular, may have difficulty obtaining traditional bank financing to meet cash flow needs but Factor Funding Co can show you how to convert your invoices into the cash your company needs, quickly and without the hassles associated with the typical loan process.
GET IN TOUCH WITH FACTOR FUNDING
What better way to finance your business than with an expert with decades of experience helping other recruiting and staffing industry companies grow their businesses?
Running a business isn’t easy, and figuring out financing on your own is even harder. Waiting around won’t help you pay your expenses.
Reach out to our financing experts to chat about your financial needs and learn how we can partner with you to help you achieve your business goals. Here’s to your success!