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Staffing factoring program. Our factoring division for staffing understand the cash flow challenges staffing agencies can face and the need for a quick solution to improve cash flow and get the business moving forward. We can advance up to 92%-95% (higher on a case by case basis) of the value of your eligible receivables within 24 hours, and upon collections provide the remaining balance to you less our fees.
Some of the benefits of this service are:
Injection of cash to fund growth, develop new projects, meet expenses or
restructure business. The facility is linked to the size of your eligible receivables and growth with youWe can fund facilities of up to $10,000,000.00 and more (availability as you grow). Our “Availability” –based facilities allow you to draw down only the funds that you need and be charged only for the funds you use. Unlike payroll funding, funding is based upon the entire value of your receivables, not just payroll. Secure your business finances on your business assets, not your personal ones.
Professional receivables funding and management service.
We will work with you to develop a receivables management service to improve days outstanding performance. Excellence in customer service. We can fund most situations, including startup businesses, certain clients with financial problems, tax liens or bankruptcies. We are the most competitive receivables funder in the industry. We can offer two types of pricing: (1) A small service fee to reflect the servicing of the A/R and a prime plus based charge on the funds that you use (2) A fixed percentage covering the service fee and the funds use.
From our years of working closely with staffing businesses, we have developed a suite of services tailored to the needs of this sector, and we can give you a choice of the level of service you require.
Payroll & Receivables Funding
Payroll & Receivables Management
Invoice Production and Mailing
Full Back Office and Much More......Coupled with web-based access and fully integrated with our very competitive receivables funding programs.
Our Staffing division has something for all staffing companies. Designed to allow owners and managers to focus on their value added areas that help grow their business and alleviate the burden of administration tasks. We can offer a comprehensive payroll management and invoicing service that takes much of the headaches out of running the administration of your business. This service includes:
PAYROLL MANAGEMENT AND INVOICING SERVICES
Complete payroll preparation and processing
Check printing at any location
Timely tax deposits (federal, state, local)
W2s, including magnetic film
Worker’s Compensation Program
Debit Card Program
24 Hour Turnaround
Extensive weekly, quarterly and year-end reporting and tax filing where appropriate
Invoice Preparation, printing and mailing
Integration HR reporting - Extensive HR reporting
Tracking of worker’s compensation
Profit reporting by company, client and employee
401K and retirement planning advise for employees
All our services include free online access and reporting.