Increase Revenue, Reduce Costs, Increase Efficiency, and Expand Market Share With Payroll Funding
DISCOVER IF PAYROLL FUNDING
IS RIGHT FOR YOUR STAFFING BUSINESS
Payroll Funding, enables your staffing business to sell its outstanding invoices at a discount to a third-party (Seacoast), and receive capital immediately. Once the invoice is paid by the customer the remainder of the funds are remitted to you within 24 hours minus a nominal fee.
For staffing companies, paying your temporary workers weekly and waiting 30-90 days on customer payments can cause cash-flow constraints. By utilizing payroll financing, your staffing agency can confidently meet payroll week-after-week and mange business operations timely.
Payroll Funding is the term used to describe invoice factoring targeted specifically for staffing agencies. Whether it is payroll factoring, invoice factoring, or accounts receivable financing, utilizing a working capital solution ensures your business always has access to capital to support long-term growth and profitability.
- Unlimited access to reliable capital
- Same day payroll funding
- Flexible and competitive rate structures
- Quick access to capital
- Outstanding customer service and support
- Easy to obtain
- Does not add debt to balance sheet
- Financing that grows with your business
- Ability to support extended terms for customers
The cost of using a payroll financing solution varies and is typically based on the amount of funds needed, the commercial credit quality of your clients, and the transaction’s general risk.
Seacoast Business Funding is a leader in providing payroll financing for staffing agencies. For a quote, please complete this form or you can call 800.619.0804 and a dedicated representative will assist you in finding a customized working capital solution for your business.