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Nationwide Commercial Credit

Staffing Factoring Services

Invoice factoring made easy - Get paid faster with us
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How Invoice Factoring Company Can Help Staffing Agencies?

Invoice factoring is a financing solution that can be especially beneficial for staffing agencies. In this process, a factoring company like Nationwide Commercial Credit, Inc purchases the staffing agency's outstanding invoices on an ongoing basis for a discount fee. This ensures the staffing agency will be able to meet payroll obligations in a timely manner while offering credit terms to customers. Here are some ways in which an invoice factoring business can help staffing agencies:

  1. Improve cash flow: Staffing agencies often face cash flow issues due to the time gap between paying employees and receiving payment from clients. Nationwide Commercial Credit (NCC) can provide immediate payment for outstanding invoices, allowing the staffing agency to access funds quickly and improve cash flow.
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  2. Increase working capital: By providing quick access to cash, an invoice factoring company (NCC) can help staffing agencies increase their working capital. This can enable agencies to take on new clients or expand their services without worrying about cash flow constraints.
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  3. ‍Manage credit risk: Invoice factoring companies often perform credit checks on clients before purchasing their invoices. This can help staffing agencies avoid non-paying or slow-paying clients, reducing the risk of financial loss.
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  4. Provide access to financial expertise: NCC has financial experts on staff who can provide guidance on cash flow management, credit risk, and other financial matters. Staffing agencies can benefit from this expertise and improve their financial management practices.
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Overall, an NCC can provide valuable support to staffing agencies by improving cash flow, increasing working capital, reducing administrative burden, managing credit risk, and providing financial expertise.

Benefits
factory icon
Setup your account in 24hrs
trucking companies
24/7 Freight Broker Credit Checks
manufacturing company
No Up Front Fees to Set up
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Same-day Funding
Non-Recourse Factoring at 2% to 3% Fees - Full-Advance
Custom Rates available for Fleets over $150,000 per month
Open Monday-Friday, 9 am to 9 pm, and Saturdays, 9 am to 3 pm
Canadian and Mexican Freight Brokers Accepted
Instant $2,500 Fuel Credit Cards for Startups
24/7 Freight Broker Credit Checks
Free Transportation Management System
Setup & Get Funded in 24 hours
Non-Recourse Factoring/Credit Protection
Immediate Fuel Advances
No Hidden Fees / No Monthly Minimum
Fuel Card Discounts
Automated reporting
Onboard within 24 Hours:‍
‍Enter your company details and begin our Express Setup. See proposal below.
True Non-Recourse Factoring Terms
2% to 3% Flat Fee Full Advance
Start with $2,500 Fuel Credit Line
Initial funding in 24 hours
trucking non recourse factoring
Start Now: Request A Quote

How Invoice Factoring Company Can Help Staffing Agencies?

Invoice factoring is a financing solution that can be especially beneficial for staffing agencies. In this process, a factoring company like Nationwide Commercial Credit, Inc purchases the staffing agency's outstanding invoices on an ongoing basis for a discount fee. This ensures the staffing agency will be able to meet payroll obligations in a timely manner while offering credit terms to customers. Here are some ways in which an invoice factoring business can help staffing agencies:

  1. Improve cash flow: Staffing agencies often face cash flow issues due to the time gap between paying employees and receiving payment from clients. Nationwide Commercial Credit (NCC) can provide immediate payment for outstanding invoices, allowing the staffing agency to access funds quickly and improve cash flow.
    ‍
  2. Increase working capital: By providing quick access to cash, an invoice factoring company (NCC) can help staffing agencies increase their working capital. This can enable agencies to take on new clients or expand their services without worrying about cash flow constraints.
    ‍
  3. ‍Manage credit risk: Invoice factoring companies often perform credit checks on clients before purchasing their invoices. This can help staffing agencies avoid non-paying or slow-paying clients, reducing the risk of financial loss.
    ‍
  4. Provide access to financial expertise: NCC has financial experts on staff who can provide guidance on cash flow management, credit risk, and other financial matters. Staffing agencies can benefit from this expertise and improve their financial management practices.
    ‍

Overall, an NCC can provide valuable support to staffing agencies by improving cash flow, increasing working capital, reducing administrative burden, managing credit risk, and providing financial expertise.

Check out FAQ about Non-Recourse Factoring Program
Request A Quote
Non-Recourse Factoring Rates from 2% to 3% with Full Advance
Custom Rates available for Fleets over $150,000 per month
Setup & Get Funded in 24 hours
Free Transportation Management System (TMS)
Canadian and Mexican Freight Brokers Accepted
No Hidden Fees / No Monthly Minimum
No Up Front Fees to Set up
Up to 50% Fuel Advances
Fuel Card Discounts
24/7 Freight Broker Credit Checks
Same-day Funding
Automated reporting & Online Account Management
Extended hours: M-F, 9am - 9pm, & Saturdays, 9am - 3pm
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Please reach out to us for any questions, available 24/7.

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5 Common Financial Struggles That Staffing Agencies Face

Staffing agencies often face unique financial challenges due to the nature of their business. Here are some common financial struggles that staffing agencies face:

  1. Cash flow issues: Staffing agencies often have to pay their employees on a weekly or bi-weekly basis, but they may not receive payment from their clients for 30 to 60 days. This cash flow gap can put a strain on their finances and make it difficult to cover their expenses.
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  2. Client payment delays: Even when staffing agencies do receive payment from clients, it's not uncommon for clients to delay payment, causing further cash flow issues. This can be especially challenging for smaller agencies that may not have the financial reserves to cover the delay.
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  3. High overhead costs: Temporary staffing agencies have to cover the costs of employee salaries, benefits, insurance, and other expenses, even during periods of slow business. This can burden their finances, especially if they need more contracts to cover these costs.
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  4. Competition from larger agencies: Larger staffing agencies may have more resources and negotiating power, making it more difficult for smaller agencies to compete. This can lead to lower profit margins and difficulty securing new clients.
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  5. Managing risk: Staffing agencies have to manage the risk of non-payment from clients and potential legal liabilities related to employee management. This can be challenging and require significant resources to navigate.


Overall, staffing agencies face a variety of financial challenges that can make it difficult to maintain profitability and grow their business. Effective financial management practices and strategic partnerships with financial institutions can help alleviate some of these challenges.

Exclusive benefits for Factoring Partnered Trucking companies

Partner with us and gain access to exclusive advantages that will help your trucking company's efficiency. Reduce expenses with Nationwide Commercial Credit fuel and tire saving program. In addition, optimize your operations and increase efficiency with our free Transportation Management System (TMS). Choose us as your factoring partner and see your trucking business thrive!

Fuel card & tire saving discounts
Transportation management system
Quick Approval Process
Speed up your cash flow with our trucking factoring services, ensuring swift financing for your invoices.
Get Cash in 24hr
Stop waiting for payments. Get cash in hand today for your trucking company, allowing you to address immediate financial needs.
Low Factoring Rates
Enjoy the advantage of our low non-recourse factoring rates at 3%, offering you cost-effective financing solutions.
Apply Now - 24h Setep
Apply Now - 24h Setup
Submit your request to our team and receive a quote within the next days.
Apply Now
Quick Approval Process
Experience matchless speed in getting your invoices financed, helping you maintain cash flow and drive your business forward.
Fast Cash In-Hand
Say goodbye to waiting for payments. Get cash in hand today, allowing you to address immediate financial needs.
Low Factoring Rates
Enjoy the advantage of low factoring rates with our invoice factoring service, offering you cost-effective financing solutions.
Apply Now - 24h Setep
Request A Quote
Submit your request to our team and receive a quote within the next days.
Apply Now
temp staffing agencies factoring
Requirements for Factoring Receivables for Staffing Agencies

Accounts receivable financing companies for staffing typically have specific requirements. Here are some common requirements:

Creditworthiness of clients: Invoice factoring companies will typically assess the creditworthiness of the staffing agency's clients before agreeing to purchase their invoices. This is because NCC is essentially taking on the risk of non-payment by the client. If the client has a history of late payments or non-payment, the invoice factoring company may be less likely to purchase the invoices.
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Age of receivables: Factoring companies will typically only purchase invoices that are less than 90 days old. This is because the older the invoice, the less likely it is that the client will pay.

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temp staffing agencies financing

‍Type of staffing services: Some invoice factoring companies may specialize in specific types of temporary staffing services, such as healthcare or construction staffing. Temp agencies that provide these types of services may have an easier time finding a company that factors and also that is familiar with their industry. NCC can provide factoring services for all staffing agency industries.
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Contract terms: Factoring companies will typically require staffing agencies to sign a contract that outlines the terms of the factoring agreement. This contract may include details such as the factoring fee, the length of the agreement, and any penalties for early termination.

Our Program Features

2% to 3% Non-Recourse Factoring

Our flat fee of 2% to 3% with full advance (No Reserve). We take the credit risk, Custom rates available for monthly commitment of $150,000.

Rapid Onboarding & Funding

Apply today and get set up and funded within 24 hours - a seamless transition to financial freedom.

Mexican Freight Brokers and Shippers Accepted

We proudly approve credit insurable freight brokers and Shippers in Mexico.

Immediate Fuel Advances

Get up to 50% fuel advances and keep your trucks on the move without cash flow hiccups.

Fuel Card Savings

Enjoy significant discounts on fuel, saving you money every mile of the journey.

24/7 Credit Checks

Make informed decisions anytime with our round-the-clock freight broker credit checks.

Same-Day Funding Availability

Boost your cash flow when you need it most with our prompt funding services.

Effortless Management & Reporting

Stay on top of your finances with automated reporting and easy online account management.

Extended Support Hours

Our team is here for you longer, from Monday to Friday, 9 AM to 9 PM EST, and Saturdays from 9 AM to 3 PM EST.

What Kind Of Staffing Firms Need A Factoring Company?

Invoice factoring can be a helpful financing solution for staffing firms of all sizes and types. However, certain temporary staffing businesses may benefit more from factoring than others. Here are a few examples:

  1. Temporary staffing agencies: Temp staffing agencies often have to pay their employees on a set pay period, but they may not receive payment from their clients for 30 to 60 days. This cash flow gap can strain their finances and make it challenging to cover their expenses. Factoring can help these agencies access funds quickly and improve cash flow.
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  2. Healthcare staffing agencies: Healthcare staffing agencies may face unique challenges related to vendor management service providers making it more challenging to collect on time. Factoring can provide quick access to cash to cover expenses related to payroll, benefits, and other operational costs.
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  3. IT staffing agencies: IT staffing agencies often have to pay high salaries to attract skilled employees. Factoring can help these agencies maintain a steady cash flow and cover these high expenses.
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Overall, any staffing company that experiences cash flow gaps or struggles to cover their expenses due to slow-paying clients may benefit from NCC' factoring services. Factoring can provide quick access to cash, improve cash flow, and help these companies stay competitive in their industries.

Apply Now For Factoring

Need help? No worry, please go to our support website. Our team is happy to help you.

In-Depth Documentation

You can find everything about how we can finance your business.

Most Frequently Asked Questions About Staffing Factoring

Our visitors and clients ask relevant questions about trucking factoring and we answer them.

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