If you are interested in staffing factoring to generate funds during the up and down cycles, you have come to the right place. Staffing agencies of all types provide the labor and experts who are vital to the success of businesses spanning all industries in the United States. Retaining qualified people can be difficult when the companies using your services pay their invoices on a 30, 60, or 90-day schedule.

Relying on a staggered payment schedule can cause operations to grind to a halt. Instead of allowing staggered payment schedules to place a significant strain on cash flow and internal finances, New Century Financial provides a quick and easy cash-flow solution for staffing companies by providing immediate access to cash through invoice factoring. New Century Financial is one of the best factoring companies for staffing agencies. When you have the funds you need, you can focus on getting new clients for your staffing agency.

The Benefits of Using Factoring Companies for Staffing Agencies

Invoice factoring, or accounts receivable financing, allows staffing agencies to turn open invoices into cash. This means staffing agencies can make payroll, court new and more prominent client accounts, and grow into new markets. Instead of waiting on your clients to pay their invoices, New Century Financial will convert your unpaid receivables to cash within 24 hours. Our factoring services for staffing companies offer a wide range of benefits, including:

  • Streamlined approval process
  • Cash for invoices available within 24 hours
  • No long-term contracts
  • 24/7 support & reporting
  • Zero upper limits
  • No hidden or extra fees
  • Choose which invoices, or parts of invoices, get funded
  • Accessible off-balance sheet capital

Payroll Funding

Staffing agencies need to pay their existing workers, plus spend time and other resources to find people to fill specialized roles for other contracts. When staggered payment schedules cause a disruption in cash flow, staffing agencies often rely on short-term loans to get back on track. However, taking on debt is not the answer for a problem that can occur multiple times, further down the road.  Learn more about how staffing invoice factoring can help your agency.

staffing company financing

Instead of racking up financial liabilities, staffing agencies turn to invoice factoring as a solution. Because New Century Financial converts unpaid receivables to cash within 24 hours, staffing agencies can preserve their credit ratings and stop relying on debt-based financing to overcome cash flow issues.

Accounts Receivable Financing for All Staffing Agencies

At New Century Financial, we understand that there are many types of staffing agencies serving every industry. We work directly with staffing agencies of every kind, providing comprehensive staffing invoice factoring for services such as:

  • General labor
  • Clerical
  • Administrative
  • IT
  • Construction
  • Medical & Healthcare
  • Engineering
  • Pharmaceutical
  • More

Factoring for Staffing Companies Solutions Tailored to Your Needs

Staffing agencies face unique challenges, and they have different goals to reach. The people at New Century Financial have the experience and depth of knowledge to work with your agency directly to create a solution tailored to your specific needs. Whether you are simply trying to make payroll or if you have plans to branch out into new markets, we can help.

Our working capital solutions ensure your business is not dependent on short-term loans or spending resources tracking unsettled accounts with your clients. Our goal is to help improve and streamline your cash flow so you can focus on recruiting people, taking on new clients, and growing your business.

Contact New Century Financial today to get started!

factoring for staffing companies

Take five minutes to read our "Entrepreneur’s Guide to Factoring” for more information and call us at 800-805-8380 or Apply Now
 to get started.

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Telecom

We use telecom factoring to help telecommunications companies turn unpaid invoices into immediate working capital, so you can keep your crews paid and your projects on schedule without waiting for slow customer payments.

manufacturing industry invoice factoring services

Manufacturing

Manufacturing companies need a constant flow of cash to purchase materials, meet payroll, negotiate with suppliers and accelerate their growth. Manufacturing factoring can help you reach these goals and more.

Small Business

Get fast, flexible small business invoice factoring. Convert unpaid invoices into working capital, with up to 90% advances and no long-term contracts.

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Oil & Gas

With payment terms in the oil and gas industry stretching from 30 to 90 days, your cash-flow concerns are growing. Oil and gas factoring gives you the cash you need to succeed in this industry.

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Distribution

Quick access to cash is paramount for your distribution business, regardless of who you’re selling to: merchants, retailers, contractors, or industrial or commercial users.

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Staffing

For staffing companies, a reliable and positive cash flow can make the difference between keeping a small house of staff at only a few select locations and becoming a nationally recognized and highly profitable organization.

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Service

For service companies, adequate cash flow can mean the difference between small potatoes and the big time. Without tangible goods or real estate, service companies may not qualify for bank loans. Factoring, however, can maintain your positive cash flow.

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Information Technology

Information technology companies often face cash-flow challenges. Whether you’re selling equipment, consulting, or a combination of both, you often must accept net 30- or net 60-day terms. Factoring can close this gap.

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Energy

New Century Financial factoring can improve your energy company’s day-to-day operations by providing immediate cash. Six benefits that factoring brings to your energy business.

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Transportation

Transportation supports every American business, but delays in payments can create a big burden. Factoring is the solution.