The Best Staffing Payroll Services

Posted by on Jun 27, 2016 in Business Tools, Payroll Funding, Staffing Factoring | 0 comments

How to Choose the Best Payroll Service Provider for Your Staffing Firm Staffing agencies have unique needs when it comes to processing payroll, which is why many resort to using an outsourced provider. Using a professional payroll service rather than an in-house accountant could save your staffing agency time, money and legal issues. Take a further look at the benefits and best providers out there if your staffing agency struggles with making payroll. While you get paycheck generation services...

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Recourse vs Non Recourse Factoring

Posted by on Jun 3, 2016 in Business Tools, Non Recourse factoring, Recourse Factoring | 0 comments

There is a great deal of information on the internet about recourse vs non-recourse factoring. Much of it is wrong. When choosing a Factoring Company it is best that you understand what you are being offered. Recourse Factoring: This means that if the invoice is not paid by your client by a certain date, the Factoring Company can charge that invoice back to you or you can replace that invoice with another good invoice. In some ways, this is similar to a line of credit from a bank with a...

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How to Choose a Staffing Factoring Company

Posted by on May 24, 2016 in Business Tools, Invoice Factoring, Staffing Factoring | 0 comments

Staffing Factoring is a subset of Invoice Factoring with a twist. When picking the right staffing factoring company for your business, critical questions need to be answered: Staffing expertise: As the owner of a temp staffing agency you understand the nuances of your business. Workman’s Comp, relentless cash flow needs, matching the right person with the right job, proper job classifications- The variables to manage are relentless! You need an accounts receivable financing company who...

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Factoring Fees Explained

Posted by on May 14, 2016 in Business Tools, Invoice Factoring | 0 comments

If you are considering utilizing Invoice Factoring to fund your B2B or B2G sales growth, it is important to understand the invoice factoring fees structure and cost to you. Different Factoring companies can charge you for their services in many different ways. What is best for you? The cash flow and other factoring benefits need to be compared to your actual cost of funds to see if you are paying truly competitive rates for this secured receivable financing form of asset-based lending. Our goal...

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Financing the Scrap Metal Industry

Posted by on Apr 27, 2016 in Invoice Factoring | 1 comment

Overview of Scrap Metal Industry The scrap metal industry accounts for up to 90 billion dollars in economic activity in the U.S. Companies often collect scrap metal from a variety of sources, including junk cars, old machinery, appliances, and construction waste, which enable many small companies to enter the industry and cater to a local market. Scrap metal recycling in the U.S. remains an important source of supply for developing countries that need both ferrous and nonferrous metals to...

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Why Factoring Companies can be Better than Banks for Small Businesses

Posted by on Feb 19, 2016 in Business Tools | 0 comments

You own a small business, one that you have worked hard to ensure has happy customers, quality products, and excellent service. Now, because of all your hard work, you are finally getting the recognition you deserve- your small business is growing rapidly- reaching new clientele and expanding your product lines, along with your profit margins. However, growth can be expensive, and you need capital to reach your full potential. As a small business owner, you have a wide variety of options...

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