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Receivable financing for staffing agencies

Staffing Agencies

Temporary Staffing

Recruitment and temporary staffing agencies are a prime example of an industry that requires timely payments. Well most staffing companies will pay employees on a weekly or bi-weekly basis; they offer credit terms to their customers that can be 30 or 60 days. If that is the case then there is a significant gap from when expenses are paid and receivables are collected. This is where Able Business Credit comes in; by financing these receivables, you are able to bridge the gap between payments and have cash available for when demand is higher.

Agencies that are growing quickly, have signed up new client(s), or provide seasonal staffing services are often looking for temporary financing. Most of our clients do not have to rely on factoring their receivables for years to come; instead they use Able Business Credit as a tool to help finance growth. Many will use this additional cash to drive new sales and increase the amount of employees they can staff.

How does it work?

1. You will select and send us the invoices which you would like to be factored.
2. We will factor these invoices and pay up to 95% of the value of the invoice.
3. Your customers will remit their payments to the factorer.
4. Once payment has been received, the factorer will return the balance minus the fees.

Why Factor?

Factoring provides a more consistent cash flow
• Provides flexibility
• Bridges the gap between payables and receivables
• Easier and faster to obtain than a bank loan
• Takes the worry out of collecting invoices

Don’t let customer’s slip away because you don’t have the capacity to handle them. Let Able Business Credit grow with your business and allow you to maximize your profit and potential.

If your staffing agency has cash flow problems or you just have any questions, send us an email or give us a call at 1-855-800-5525.