Accounts Receivable Financing for Staffing Firms & Payroll

Posted by Chris Curtin on Sep 28, 2017 in Non-Recourse Accounts Receivable Factoring, Payroll Funding, Staffing Factoring | 0 comments

Accounts Receivable Financing for Staffing Firms & Payroll

As the US economy continues on its upward path, the demand for temporary staffing is growing even more rapidly. The staffing industry is projected to grow by 3% in 2017, according to a recent forecast by Staffing Industry Analysts, a global advisor on temporary and contingent work. Indeed, temporary staffing has grown as a percentage of overall employment in the US. Temporary staffing is predicted to increase by 3% in 2018 to $126.8 billion with the overall staffing market likely to achieve 4% growth to reach $146.6 billion. Even more dramatic...

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The Best Staffing Payroll Services

Posted by Chris Curtin 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 use 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 from every payroll company, you should note that not all of...

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How to Choose a Staffing Factoring Company

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

How to Choose a Staffing Factoring Company

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, constant 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 understands the vagaries of your business. In 1998...

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Understanding Factoring Rates

Posted by Chris Curtin on Jan 24, 2016 in Alternative Financing, AR Funding, Discount Factoring, Government Factoring, Staffing Factoring | 0 comments

Understanding Factoring Rates

Many business owners attempt to compare APR interest rates to invoice factoring rates. The problem is twofold. One, the best factoring company’s rates include Accounts Receivable Management, Credit Services, and Credit Protection and two, a bank only helps the most creditworthy company with typically three years of proven profitability. Here is a simplified explanation of how factoring works and what it would cost you. What are Possible Factoring Fees based on Time Frame? Length of Time for Payment Invoice Factoring Rate 20...

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Advanced Payroll Funding

Posted by Chris Curtin on Dec 29, 2015 in Payroll Funding, Staffing Factoring | 0 comments

Advanced Payroll Funding

How to Get Advanced Payroll Funding for Your Staffing Agency America’s staffing companies hire nearly 16 million temporary and contract employees per year. Temporary staffing is overgrowing, and the companies that offer these services must keep up with the expansion but battle the ensuing cash flow issues. Workers want to receive weekly or bi-weekly payment at the very least, and big companies take 45-60 days to pay. Advanced payroll funding is essential to growing your business and keeping both employees and customers happy. Temp staffing...

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Staffing Industry Continues to Boom

Posted by Chris Curtin on Jun 19, 2015 in Staffing Factoring | 0 comments

Staffing Industry Continues to Boom

A shining light in the U.S. economy is the temporary staffing industry. A new report by CareerBuilder shows temporary staffing growing 57 percent between 2009 and 2014. There is a modest growth of 3% for staffing firms in 2018, according to the American Staffing Association. All the talk about the labor market making a fundamental shift to temp jobs is turning out to be a reality. The continued growth is great news for the staffing industry. Staffing firms employed nearly 3.10 million temporary and contract workers per week in the first...

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Security Guard Staffing Industry Challenges

Posted by Chris Curtin on Sep 11, 2014 in Staffing Factoring | 0 comments

Security Guard Staffing Industry Challenges

Uncertain times, increased risk and liability to government and business have created a greater need for security services, with more and more industries employing outside security personnel, both for data and physical risk management. There are three most common goals of security services. These are to protect clients and employees, to guard physical assets against damage and theft, and to avoid cyber/identity theft. From a physical perspective, the trend in the industry has moved more to licensed or certified staff. This makes the use of...

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The Staffing Industry Is Experiencing Tremendous Growth

Posted by Chris Curtin on May 16, 2014 in Staffing Factoring | 0 comments

The Staffing Industry Is Experiencing Tremendous Growth

The staffing industry has been experiencing tremendous growth and is expected to continue to grow 6% per year until at least 2020.  U.S. companies use of temporary labor has reached an all-time high.  Overall economic growth this quarter will be 3.3 percent at an annual rate, up from the previous estimate of 3.0 percent.  A Federal Reserve Bank of Philadelphia report also sees an improved outlook for the unemployment rate over the next three years, according to the report. The forecasters predict the unemployment rate will be an annual...

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The Benefits of Factoring for Temp Staffing Agencies

Posted by Chris Curtin on Sep 4, 2013 in Staffing Factoring | 0 comments

The Benefits of Factoring for Temp Staffing Agencies

Accounts Receivable Factoring Temp Staffing Agencies Staffing Industry Analysts recently published an update to its Global Staffing Industry Market Estimates and Forecast. Around $461 billion is estimated in revenue for the global staffing market for 2017. On the constant-currency basis, there is a 7% growth this year and 6% the following year. With industry growth comes an opportunity for accelerated profits, and often this requires additional working capital. BusinessCash supplies fast and easy factoring packages to temporary staffing...

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Financing and Factoring for the Security Guard Industry

Posted by Chris Curtin on Oct 5, 2012 in Business Tools, Healthcare Funding, Staffing Factoring | 0 comments

The industry for security guard services is rapidly expanding and is gaining popularity in the U.S. Not only has the growing number of new businesses led to an increase of the potential clientele for this industry, but it is also becoming increasingly popular among corporate and government agencies who require this service on a regular basis. Thus, the market is significantly expanding, opening more growth opportunities for the security guard industry itself. As a security guard business, taking advantage of these opportunities is a crucial...

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