Factoring for Technology Companies

Posted by on Jan 14, 2015 in Technology Financing | 3 comments

Factoring for Technology Companies

Technology IT companies are experiencing a long period of growth and often use temporary staffing companies to fulfill their needs.   Over the last 14 years, IT employment has increased by more than 41%, compared to just 3.3% of total employment. Many expect the IT temporary staffing to grow another 7% in 2015 and reach $27.8 billion.  Meaning, big business for tech companies. It also means they need to be ready with the proper working capital to take advantage of the continuous growth. Big staffing companies clients often take 30-60 days...

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Security Guard Staffing Industry Challenges

Posted by 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 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 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.  Often times this requires additional working capital for your staffing business. BusinessCash supplies fast and easy factoring...

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