WHEN FINDING STAFFING PAYROLL FUNDING COMPANIES ON THE INTERNET CAN BE MISLEADING
No matter what type of business you run, the chances are very good that you have employees to pay on a regular schedule. Business owners are always focused on their company’s cash flow, especially when it gets close to the time to make the payroll deposit. If the money’s not there to make payroll, then there can be problems.
The possibility of missing payroll is made even more frustrating by the pile of outstanding invoices sitting on your desk just waiting to add to your cash flow. Those invoices represent the hard work your sales team has done to bring in revenue, but you don’t know how to use those invoices to your advantage until they are paid. This is a good time to introduce you to the concept of payroll factoring.
What to Look for in a Payroll Factoring Partner
The wait for customers to pay invoices is frustrating for any business. The frustration grows exponentially for the temporary staffing agency that depends on payment to meet weekly payroll expenses. Providing workers to customers is at the heart of the agency; the inability to pay workers equates to the inability to satisfy customer requests.
This catch 22 situation is easily resolved when the staffing agency partners with a payroll factoring company. Using this type of service helps to keep the cash flow steady without taking on more debt to pay expenses.