Staffing agencies need reliable cash sources for success. Retaining good personnel is much easier when payroll concerns are solved, especially for contract and contract-for-hire positions. TCI Business Capital offers custom invoice factoring and payroll funding programs for staffing agencies. Invoice factoring benefits all types of agencies by providing the cash needed for payroll and other business needs.
Accounts-receivable factoring with TCI Business Capital is advantageous for staffing agencies. Factoring provides the immediate cash agencies need, even with the long payment terms payment specified in many customer contracts.
Many staffing agencies use a business loan or business line of credit as a source of cash flow. These traditional forms of financing work well, however there are distinct advantages of factoring compared to a business loan or business line of credit.
|Factoring||Business Loan & Business Line of Credit|
|Qualify based on your customers’ 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|
|Invoices serve as collateral||Inventory, equipment, assets, etc., serve as collateral|
|Does not create debt||Creates debt|
|No monthly interest||Monthly interest|
|Minimal paperwork to get started||Extensive paperwork to get started|
|Free credit reports on your customers||No credit services|
|No limits – finances grow as you grow||Limits – borrowed money has a capped amount|
TCI Business Capital provides accounts-receivable factoring to staffing agencies in need of a steady cash stream. These agencies come from an assortment of business situations and circumstances – the one thing they all have in common is the desire to improve their cash flow.
Some of the types of staffing agencies using TCI Business Capital as their source of cash include:
|Administrative||General Labor||Light Industrial|
TCI Business Capital offers accounts-receivable factoring programs to staffing agencies serving a range of customers. These companies rely on the cash from TCI Business Capital to help them supply and meet their contracts.
Since 1994, TCI Business Capital has helped staffing agencies fulfill their cash needs. We have a reputation for superior customer service and professionalism. Our experience and knowledge benefits clients and helps them overcome their challenges.
The TCI Business Capital staff are recognized for their:
Accounts-receivable factoring programs with TCI Business Capital are not a one-size-fits-all proposition. Every staffing agency factoring has unique needs and circumstances. We customize our factoring programs to address those situations.
Consistent cash flow is the life blood of staffing agencies. TCI Business Capital knows the need for cash is immediate. We have cut through the red tape and streamlined the application process, so companies can get cash quickly. Getting set up for factoring is easy as 1-2-3.
Step 1 – Get a Quote
Speak with a TCI Business Capital representative. We’ll discuss your cash-flow situation and needs, and we’ll offer a free, no-obligation quote and approval for a factoring line in 30 minutes or less.
Step 2 – Submit Invoices and Related Documents
Once a factoring line is agreed upon, we’ll schedule your first funding. During the set-up process, we’ll walk you through the agreement and discuss your invoices and any related materials.
Step 3 – Get cash for your invoices
When the set-up process is complete, we fund you via ACH direct deposit or a wire transfer directly into your bank account. From this point forward, each time we receive your invoices, we’ll process and fund you the same day the invoices are received.
It makes sense to have cash available when it is needed. Factoring with TCI Business Capital ensures the cash will be there.
|Nevada||New Hampshire||New Jersey|
|New Mexico||New York||North Carolina|
|South Carolina||South Dakota||Tennessee|
|New Brunswick||Newfoundland & Labrador||Northwest Territories|
|Prince Edward Island||Quebec||Saskatchewan|