Staffing Program
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
Check Production
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
Web-based program
Complete payroll preparation and processing
Check printing at any
location
Timely tax deposits (federal, state, local)
W2s,
including magnetic film
Direct deposit
Worker’s Compensation
Program
Debit Card Program
24 Hour Turnaround
Extensive
weekly, quarterly and year-end reporting and tax filing where
appropriate
INVOICING SERVICES
Invoice Preparation,
printing and mailing
Integration HR reporting - Extensive HR
reporting
Tracking of worker’s compensation
Profit reporting
by company, client and employee
ADDITIONAL SERVICES
Discounted insurance
401K and retirement planning advise for
employees
All our services include free online access and
reporting.