Temporary Staffing Factoring Company
As a temporary staffing company, we know that having positive, consistent cash flow is the lifeline of your business, as you have weekly payroll needs. Alliance One has been factoring for employment agencies for over 20 years. The more your company grows, the money you need, to pay your staff.
Payroll is the largest expense for most companies, so the need for positive cash flow, is most important, in the staffing industry.
Should you Factor your Invoices or apply for a Bank Line of Credit?
Traditional bank loans, usually do not work for staffing companies. A line of credit is normally based off of your business tax returns, so when you need to hire more people, the money made, will not reflect until the following years tax return; so you will always need more than what the bank says you can have. If take on a new customer and they require your company to supply them with 10 people, your line of credit can be depleted just making payroll for this one customer.
When you use invoice factoring for your working capital, you are simply providing invoices for each employee on a weekly basis, and we advance you the funds, well before the time you need to make payroll. As your company grows, we grow with you and when you need more money, we will provide it.
Temporary Staffing Factoring Q&As
- If I send Alliance One an Invoice Today, when is the money advance to me? Normally with 24 Hours
- I am a start-up company, can I still factor my invoices? Yes, we welcome young and well established companies
- Do I have to sell you all of my invoices? No, you only have to sell us the invoices that you want
- Are there any monthly minimums? No, we do not believe that your business exists to feed us business
- Do I have to factor all of my customers? No, you tell us, which customers you want to factor
- Do my customers pay my company or Alliance One? We pay you, your customers pay us
Is Temp Staffing Factoring right for your Business?
If you are want to eliminate bad debt, grow your business, looking for positive cash flow and maybe even pay yourself; then invoice factoring with Alliance One, is your ticket to Financial Freedom.
As a staffing agency, payroll funding is crucial to keep your doors open. By the very nature of the business, staffing companies will always have an ongoing need for payroll funding. Staffing agencies usually pay their employees on a weekly or bi-weekly basis, waiting 30, 60 or even 90 days for customers to pay their invoices often cause a serious cash flow problem, very quickly.
Here at Alliance One, we understand your financial needs; we specialize in staffing factoring and payroll funding solutions. We know that you are turning to factoring because you are concerned about your cash flow. Your payroll will be due soon, are you going to hope that you receive that check in time to pay your staff or do you want a guarantee that Alliance One, your factoring company has you covered? Do you need a quick factoring solution to solve your cash flow problems? Alliance One wants to be the funding company for your staffing agency. There are many invoice financing companies out there, what makes one company the best factoring company for you business? It's when you have 100% confidence that your money will always be there when you need it. If there is ever an issue, it's you knowing that your account representative will be there to help you. Let us help you reach your goals; you worry about growing your business, you no longer have to hope your customers pay you in time.