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As low as 1.5%

Factoring for Staffing Agencies

Do you have trouble meeting payroll because your clients take up to 60 days to pay invoices? Our staffing agency financing program can provide you with an advance on your slow-paying invoices. This advance gives you the funds you need to pay employees and grow your company.

Factoring invoices provides your staffing agency with predictable cash flow and strengthens your company’s financial position. Factoring provides a platform that enables you to take on new clients and grow.

We can provide quick financing at low rates and with high advances. For an instant quote, fill out this form. To speak with an expert, call us toll-free at (877) 300 3258.

Benefits

Our program has a number of advantages for staffing agencies, including:

  • Provides funds to meet payroll – eliminates the need to wait up to 60 days for clients to pay
  • The invoice financing line grows with your revenues
  • Easy use and set up
  • Available to small businesses and start-ups

How does factoring work?

A factoring program can be integrated easily to any temporary staffing agency. Factoring works as follows:

  1. You send us a copy of the invoice you want to finance. Please include signed time cards.
  2. We deposit the advance in your bank account. The advance covers 90% of your invoice.
  3. Your client pays the invoice on their normal schedule.
  4. We rebate you the remaining 10%, less fees, and settle the transaction

For more detailed information about our program, read “How Does Factoring Work?

Low costs

The cost of factoring invoices varies based on the amount of financing you need and the creditworthiness of your clients, but it ranges between 1.5% and 3.5% per month.

We can provide quick financing at low rates and with high advances. For an instant quote, fill out this form. To speak with an expert, call us toll-free at (877) 300 3258.

High advances

We have a lot of experience in the staffing industry and understand it well. This knowledge allows us to provide higher advances, which improves your cash flow. Most advances start at 90%, though higher advance rates are possible.

Qualification Criteria

Qualifying for the program is comparatively easy. Your company must meet the following criteria:

  1. You must have creditworthy customers.
  2. Your clients should provide signed time cards or a similar confirmation.
  3. Your invoices must be free of liens.
  4. Your company must be free of legal and tax problems.

Typical clients

We can work with any type of staffing agency that bills commercial clients. We have worked with staffing company clients in the following fields:

Additional resources

Tto learn more about our programs, review our resource centre and our blog. Popular articles include:

Service availability

We offer factoring services to temporary staffing agencies in provinces across Canada. For specific information, visit: