FACTORING FOR STAFFING COMPANIES

Fees as Low as 1% + Competitive Advances

Expedite the cash flow your staffing agency needs for payroll and operating expenses.

 

Factoring for staffing companies.

Staffing and temp employment agencies regularly use invoice factoring to unlock the money tied up in client receivables, especially since it can be weeks or even months between when an agency incurs expenses (such as staffing payroll, advertising, recruiting, onboarding, etc.) and when the client actually pays.

Invoice factoring for staffing companies is an effective, efficient way to better-align cash flow with agency payroll, operating expenses and growth initiatives. We offer rapid invoice factoring for staffing companies with low fees and competitive advances, so you can reinvest in your agency more quickly.

How the process works:

Day one: Generate a staffing or temp employment agency invoice and factor it with Wave Crest Financial.

Same or next business day: Receive an advance (usually from 80-95%) of the invoice amount for a small fee, called a staffing factoring fee. Your fee could be as low as 1%.

Day 30-45-60+: Once your client has paid the invoice, receive any amount held in reserve against payment.

Wave Crest understands the unique cash flow challenges faced by staffing and temporary employment agencies who need to unlock working capital to meet payroll and agency operating expenses.

Take the next step and reach out for a free, no-risk quote.

 

Factoring for Staffing Companies - How the Process Works

Apply

Apply and get approved to factor staffing agency receivables.

Factor Invoices

Submit invoices and get paid within 1-2 business days (or even faster!)

Get Working Capital

Get access to the money your staffing agency needs to meet expenses and reinvest in growth.

Speed Up Cash Flow

Factoring for staffing agencies can be done on a regular, occasional, or even a one-time basis - when it is in the best interest of your agency!

Benefits of Staffing Factoring
with Wave Crest Financial

Expedited cash flow!

Like other B2B (business to business) organizations, staffing and temp employment agencies cite the need to speed up organizational cash flow as the most common reason they use factoring for staffing companies as a financing tool. Expediting cash flow is not the only benefit of leveraging receivables to gain access to working capital. Your agency may also be able to:

  • Pay vendors faster for quick-pay discounts

  • Use factoring for payroll loans

  • Take on new clients, larger accounts, and bigger orders

  • Invest in capital equipment, facilities, renovations, etc.

  • Minimize financial risk from bad debt with non-recourse factoring

  • Extend more generous terms to clients as a competitive advantage

  • Minimize negative impacts of slow-paying staffing agency clients

 

Why choose Wave Crest Financial?

One of the biggest reasons to choose Wave Crest Financial for staffing agency factoring services is that we have experience not only in factoring, but as business owners, too.

The client receivables cycle for staffing and temporary employment agencies can be especially challenging, requiring a large outlay of agency resources several weeks in advance of client payments. Rapid invoice factoring for staffing companies can help close this gap! Our clients enjoy:

  • Low factoring rates - fees as low as 1%

  • Same and next day funding

  • Competitive advances - usually range from 80-95%

  • No hidden fees

  • No minimums - factor when you choose!

  • No long term contract requirements

Reach out for a free, no-obligation quote for staffing agency invoice factoring . Get answers in 24-48 hours (or even less) and start factoring customer invoices as soon as you are approved.