Flexible Funding offers factoring facilities to staffing agencies
If your company has reached a borrowing ceiling with your bank or you are having difficulty securing a line of credit, we can still help with our factoring facility program. If you have qualified accounts receivable you may receive an immediate cash advance of up to 90% of the amount outstanding.
This can be a fast and easy way to secure the resources your business needs for necessities without needing to wait for payments to arrive. When you can utilize factoring payroll facilities or other forms of this service, you can maintain a steady cash flow even during volatile periods. Our factoring services help numerous companies with lengthy sales cycles, customers who are slow to pay or seasonal business spikes. Unlike traditional loans from banks or other institutions, factoring does not create debt and does not come with many of the requirements imposed by financial institutions. This means even startup companies without much of a financial history can gain liquidity quickly and without difficulty. Compared to the lengthy application and vetting process many banks require for a loan, factoring services take much less time and focus on the financial status of your customers, not you.
Our factoring facilities program allow you to use your available funds to help your business grow. You can maintain your existing relatioship with your bank and we offer complete back office support to eliminate the burden of tracking payments and collections.
Other benefits of working with our factoring facilities program
Turning accounts receivable into cash
Taking advantage of vendor quick-pay discounts
Meeting your payroll deadlines
Affording ramp-up and hiring costs for special projects and large upcoming jobs
Why Work With Us?
With more than 25 years of experience, Flexible Funding is the best source for factoring payroll services for staffing agencies. Whether your company is experiencing a sudden upswing in demand and needs to bolster its coffers or just needs to improve cash flow for the short-term, we have the expertise to help you accomplish your goals. Our professionals work closely with you to keep track of what you’re owed and what you’ve collected.
When you choose to take advantage of our full-service factoring, you don’t need to worry about risking the standing you have with your bank or other lenders. Our services are not based on your company’s assets or credit, but rather your customers’ ability to pay their invoices. Don’t let a cash crunch derail your company’s goals — get in touch with us today to find out more about how we can help you make ends meet or build the launching pad for your next level of success.