Job vacancies in several sectors are hitting all-time highs and your staffing agency has the potential to grow quickly to meet market demand. But when customers are paying their invoices in 30, 45, 60 or more days, your ability to meet payroll, hire new staff and increase sales can be a challenge.
If you’re working in the staffing sector and are often waiting on customer payments to hire and pay staff (or meet other business growth objectives), invoice factoring might be the solution to your working capital needs.
After approval, we will advance your business up to 85% of the value of your invoices.
We will collect payment from your customers and we’ll pay you the remainder of the balance (less applicable fees).
You’ll be able to view invoices in our real-time 24-hour online reporting system, where you’ll have full access to funding status.
The process can be customized to match your needs. For example, Liquid Capital can time our financing to match your payroll so you always have enough money to pay your staff.
Invoice factoring is a flexible solution for staffing agencies, as you are also able to decide how long you need to use invoice factoring services. Liquid Capital won’t lock you into a long-term contract. If you have months where you have adequate cash flow and don’t need to factor your invoices, you are able to opt-out of the process.
