Staffing agencies have a critical need for steady funding. With weekly payroll, business expenses, and marketing efforts, a lack of available cash is a major concern. Payroll funding with TCI Business Capital provides agencies the cash they need and use to build a successful business.
Payroll funding also is known as invoice factoring, provides instant cash flow so you’re able to manage your agency. The process works by selling your open receivables to a factoring company in exchange for an immediate cash advance.
Having a dependable source for funding is one of the most important aspects of operating a successful temp agency. Payroll funding from TCI Business Capital gives staffing agencies the confidence of knowing payroll will be met every time. Payroll funding gives you the financial freedom to market your agency, fill orders and achieve the goals you have for your agency.
Cash flow is critical for staffing agencies. Customer payment terms of net-15 to net-60 or even 90 days are a burden and stressful to agency owners. With TCI Business Capital, our custom payroll funding solutions provide you the funds you need, when you need them. We eliminate the stress of waiting for customer payments, letting you focus on recruiting the best talent and building a stronger, profitable staffing agency.
Payroll funding with TCI Business Capital is much more than dependable cash flow. TCI Business Capital offers many value-added services for the benefit of staffing agency clients.
Payroll financing for staffing agencies also known as invoice factoring is very straightforward. With invoice factoring, you send your open invoices to TCI Business Capital. We will fund you a high percentage of the invoice value, the day we receive your invoices. You use the money you receive for whatever needs your business has. When the payment of the invoice is received by TCI Business Capital, we remit the remaining balance, less a small fee, to you. Use the invoice factoring calculator to learn more about factoring fees.
We will discuss your needs, answer questions, and offer a payroll financing program customized for your situation. We will provide you with a written quote for your review.
Once you agree on the payroll financing services and are ready to move forward, we will set up your account.
As soon as your account is set up, we will begin funding you. You will now have the funds you need for payroll, operations and growing your staffing agency.
Since 1994, TCI Business Capital has provided payroll funding for staffing agencies across the United States. These staffing agencies are from all stages of business, and all have unique industry needs. Regardless, there is one thing they all have in common: they all have the need and desire to improve their cash flow.
Our payroll financing and staffing agency factoring programs are customized to fit your needs. Contact TCI Business Capital today to learn more about our custom payroll financing for staffing agencies.