Payroll funding provides instant cash flow so you’re able to grow your agency. The process works by selling your open receivables to a payroll funding company in exchange for quick cash.
Having a dependable source for payroll funding is one of the most important aspects of operating staffing agencies. 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 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 referred to as invoice factoring, is 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 payment of the invoice is received by TCI Business Capital, we will remit the remaining balance, less a small fee, to you.
Reliable payroll funding will power your staffing agency. Having the right staffing and recruiting software is what makes your agency grow. TCI Business Capital has partnered with Avionté, the leading staffing and recruiting software provider in the country. TCI Business Capital and Avionté share a common vision of building strong, long-term relationships, and providing superior service to help companies achieve their goals.
Avionté clients and companies that use payroll funding from TCI Business Capital can take advantage of special savings on Avionté software. The bundling of Avionté software and funding from TCI Business Capital will give your agency a tremendous advantage in today’s competitive staffing market.
We will discuss your needs, answer questions, and offer a payroll financing program customized for your situation. We will provide you a written approval for your review.
Once you are approved and agree on the payroll financing services, 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 and Canada. 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.
Some staffing agencies choose to use a business loan or line of credit as a source of cash flow. These traditional forms of financing work well for some; however, there are several distinct advantages of payroll funding for staffing agencies when compared to business loans and lines of credit.
|Payroll Funding & Staffing Agency Factoring||Business Loan & Business Line of Credit|
|Qualify Based on Your Clients’ Credit||Qualify Based on the Credit of Your Business|
|3-5 Day Application Process||1-2 Month Application Process|
|Cash within 24 Hours or Less||Funding in 1-2 Months|
|Does Not Create Debt||Creates Debt|
|Minimal Paperwork to Get Started||Extensive Paperwork to Get Started|
|Free Credit Reports on Your Clients||No Credit Services|
TCI Business Capital is a leading provider of payroll financing for staffing agencies. Contact TCI Business Capital today for more information on invoice factoring.