Invoice Factoring for Permanent Staffing Companies

Factoring in permanent staffing companies helps every industry. Permanent staffing companies are essential as they help provide labor and fill critical skill gaps. As a business that constantly needs funding to help various industries, invoice factoring is the solution to your cash flow issues.
You can get the working capital you need to hire the right staff, obtain a steady stream of cash, and keep your business afloat by selling your unpaid invoices to a factoring company.

Permanent Staffing Factoring vs. Bank Loans

Here are some benefits of permanent staffing factoring vs. bank loans:

  • Easier access to funding: Banks require credit and background checks. Factoring only checks the creditworthiness of your clients.

  • A continuous line of credit: Banks will advance you one loan amount. Factoring will provide a line of credit for every invoice you provide.

  • Higher advance rates: Banks provide you with limited funding. With factoring services, you can receive up to 90% advance on your invoices.

  • No interest rates. Banks come with high-interest rates. Factoring only has a fee that is usually taken out of the invoice amount owed to you.

Permanent Staffing

Top Financial Challenges in the Permanent Staffing Industry

There are three main challenges for the permanent staffing industry:

  • Overcoming the challenges of employee attrition: Permanent staffing agencies are under extreme pressure to fill these jobs and skill gaps relatively quickly.

  • Recruiting in a highly competitive environment: With so many recruiters and agencies promising to fill job roles, the permanent staffing industry is a highly competitive market right now.

  • Establish reliable funding: Staffing companies are often left with unpaid invoices and not enough resources to perform their job.

How to Run a Successful Permanent Staffing Company

With a market as competitive as the permanent staffing industry, you cannot afford to wait for agencies to pay you. It’s important to have a steady flow of income or funding so you can constantly fill job roles and pay your staff. With finance, you will also be able to grow your business and keep up with competitors.

 Top-Quality Staffing Solutions for Industry Growth

Finding the right balance between temporary and permanent recruitment is crucial in permanent staffing. Our staffing services don’t just focus on filling vacancies; they embody a comprehensive staffing solution designed to retain top-quality candidates and meet diverse staffing needs. Whether you’re an employer looking for permanent staff or a job seeker aiming for long-term employment, our expertise in permanent staffing solutions ensures we recruit only the best. Our approach is not just about hiring; it’s about integrating the right candidates into your company culture, providing a cost-effective and robust talent pipeline that leverages industry expertise for your growth and success. We are a trusted staffing partner helping you navigate the recruitment process with flexibility and insight. Let us build your workforce with permanent employees who are loyal and more likely to commit to long-term goals, driving your business operations toward advancement.

Financing Options for Permanent Staffing Companies

Bank loans can be an option for permanent staffing companies looking for funding, but it comes with a catch. You will have to pay monthly, bank fees, for years to come. It isn’t the ideal option for businesses looking to grow without risking debt. 

Invoice factoring provides a more flexible funding solution. You can sell as many invoices as you need, whenever you need them, and you won’t have the long-term commitment of a bank loan or the fees.

Request a quote if you are interested in invoice factoring for permanent staffing companies.

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Factoring results estimation is based on the total dollar value of your invoices.
The actual rates may differ.

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Request a Quote

PREFER TO TALK?
You can reach us at
1-866-477-1778

Get an instant factoring estimate

Two columns
Vertical
Horizontal
Overview
Name Total
"{{getWooProductName}}" has been added to your cart
Have a promocode?
Promocode Hide Show

Factoring results estimation is based on the total dollar value of your invoices.
The actual rates may differ.

GET YOUR FREE FACTORING QUOTE!

PREFER TO TALK? You can reach us at 1-866-477-1778