As a staffing agency, your top concerns are meeting payroll and not affecting your margins. Payroll funding enables you to keep your margins, while at the same time giving you access to the cash you need to meet payroll, cover overhead expenses and grow your businesses.
Instead of waiting 45 to 60 days to get paid, our payroll funding solutions will get you paid same day. We eliminate the stress of wondering when your clients will pay you, letting you focus on hiring qualified employees and maintaining ongoing development to improve the quality and reputation of your staffing agency.
With payment terms from 45-60 days, sometimes even more than two months, payroll funding with TCI Business Capital is the ultimate business finance solution for staffing agencies, going beyond providing the immediate cash you need.
In as little as 15 minutes, we’ll discuss your needs, answer any questions you might have and provide you a written approval.
Once you’re quickly approved and set up for our payroll funding services, submit your invoices to TCI Business Capital.
The day that we receive your invoices, we’ll advance you a percentage of the total directly into your bank account. While we wait weeks for your client to pay, you’ll have the cash needed to effectively operate and grow your staffing agency. Once your client pays the invoice, we’ll deposit the remaining amount into your bank account, less our competitively-low factoring rate.
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 and staffing agency factoring 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|
Since 1994, TCI Business Capital has provided payroll funding and staffing agency factoring programs to agencies across the United States and Canada, all with unique industry needs and business stages; regardless, there is one thing they all have in common: they all have the need and desire to improve their cash flow.
Among the many types of staffing agencies TCI Business Capital partners with for financing, we have extensive experience with:
Whether your agency provides general or specialized staffing, we have you covered.
Our payroll funding and staffing agency factoring programs are customized to fit your needs. We’ll make sure you no longer have to wait on client payment and that you have the cash you need to meet payroll, catch-up on bills and grow.
Get started now with TCI Business Capital, your top payroll funding company.