Asset Based Business Loans for Staffing Agencies, No Financial Required

Staffing Agencies are a crucial part of the economy rebuilding itself.  Employers would rather use a temp-staffing agency for a number of reasons, the most important being that it is always better to rent an employee before actually hiring.

Staffing Agencies can experience sudden growth periods, which some may not be ready for, when it comes to paying new employees.  In most cases, the Staffing Agency is required to provide the talent, and then Invoice the employer for the hours worked.  However, the staffing agency must pay their staff every week or every other week.

This can create a cash-flow concern, if the payroll is larger than the current Invoices which have been paid.

One of the ways small Staffing Agencies have eliminated this problem is to “factor” their Invoices.  This is when a company sells its Invoices for immediate working capital.  The Lenders make money by charging the small business owner a fee for providing immediate cash.  (All fees are 100% tax deductible)  The Lenders also provide assistance in making sure the small business owner is doing  business with reputable companies who will pay their Invoices in a timely manner.

The fees can be negotiated and usually there is no need to sign an on-going contract.  The decision to  factor a Staffing Agencies Invoices, usually is dependent on the credit worthiness of the small business owner’s clients.

This is the way small staffing companies have become “big” staffing companies.  When you have control over your cash flow, you can expand your business.

Invoice Lines of Credit transactions also work well for manufacturing companies, suppliers, and commercial construction Invoices.  Usually, financial statements are not required.  Setting up an Accounts Receivable Line of Credit "before" you actually need it, is a safe and wise decision.  Visit now, short app only six questions:  AR Invoice Line of Credit

Construction Factoring, Alternative to Construction Funding

According to the Construction Financial Management Association it takes some construction contractors an average of 60 days to collect on invoices.

And that’s not the half of it.  Many experienced, well run construction companies have to pass on certain jobs because they don’t have the resources to fund the project.  Getting a Line of Credit from your local bank has been difficult in the past couple years.

Factoring commercial construction loans is a simple solution to managing cash flow, meeting payroll, and paying bills on time.  Even when the General Contractor is not able or willing to pay construction invoices in a timely manner, sub-contractors can factor out their invoices for immediate working capital, without incurring debt. (Usually your credit is not an issue)  Short App - Six Questions

It take more than a minute to fund such a project, and any company who says they can do it over night, may be using questionable marketing tactics.   The best solution is to apply for commercial construction “before” you actually need it.  In fact, while you are in the process of bidding the job, is a good time to contact your Accounts Receivable Construction Lender.  They can run a credit check on the General Contractor or the Developer, and give you inside information which can be useful in bidding the contract.

An experienced Construction Accounts Receivable Specialist is one who can sort through the factoring companies, and come up with the best Lender for you, based on 1) type of construction project 2) amount of Invoices you will want to factor per month 3) your location 4) credit rating of the General Contractor when you are a sub-contractor.

Learn more, quick questions, no obligation, no fee for placement service.  Construction Factoring