Staffing Factoring
Invoice Factoring for Staffing Companies
Staffing factoring provides the consistent cash flow you need to pay your employees on time, every time, while fostering strong client relationships and driving business growth.
Financing Designed for Staffing Companies
Staffing agencies face a unique hurdle: paying employees weekly while waiting 30, 60, or even 90 days for client payments. This cash flow gap can stall payroll and limit growth. Quickpay Funding bridges the gap by turning your unpaid invoices into immediate cash—so you can focus on what matters most: placing top talent and growing your business.
Immediate Cash Flow
Get paid in hours, not weeks or even months. Turn your unpaid invoices into instant cash flow.
No Chasing Payments
We handle billing & collecting from your customers, so you can focus on core business operations.
Seasonal Flexibility
Stay ahead of seasonal demand slowdowns by maintaining steady cash flow year-round.
Drive Business Growth
When you have consistent cash flow, you can invest in new growth opportunities for your business.
The Fastest Payroll Funding for Staffing Companies
Meet payroll obligations with ease.
Attract and retain top performing talent.
Invest in marketing and sales initiatives.
Improve client satisfaction.
Pursue growth opportunities.
Cover operating expenses.
Why Staffing Companies Choose Us
Fast Approval & Easy Set-up
Staffing Industry Expertise
24/7 Same-Day Funding
Apply for Staffing Factoring Today!
Our application takes approximately 5 minutes to complete once registered.
What is Staffing Factoring?
Staffing factoring is a financial transaction where a staffing agency sells its unpaid invoices to a factoring company at a discounted rate. In return, the factoring company immediately provides the staffing agency with cash, typically up to 90% of the invoice value. This allows the staffing agency to access its cash flow more quickly and improve its working capital.
Imagine you own a staffing agency that places temporary workers at various companies. You invoice these companies for the services of your temporary workers, but it can take 30, 60, or even 90 days for those companies to pay you. This can leave your staffing agency with a cash flow problem, making it difficult to pay your own employees and cover other expenses.
Benefits of Factoring for Staffing Companies
For staffing companies, factoring can be a valuable tool to improve cash flow, reduce risk, and fuel growth. Quickpay Funding is proud to be one of the top choices for staffing companies in North America. Here are some of the key benefits staffing companies can take advantage of when they work with Quickpay Funding:
24/7 Same-Day Funding
We fund all of our clients’ invoices the same day they are submitted. This includes nights, weekends, and even bank holidays.
Back-Office Support
We provide an array of administrative support such as bond filing, collection on unpaid invoices, credit checks, and much more.
No Debt Incurred
Staffing factoring is not a loan, so it does not involve taking on additional debt. Instead, it converts existing accounts receivable into cash.
No Cutoff Times
There are no cutoff times when you fund with Real-Time Payments. When we say we’re open to fund our clients 24/7, we really mean it.
Financial Flexibility
Unlike other factors, we don’t charge minimums. This allows you to adjust your factoring activity during off-peak periods, ensuring a steady cash flow.
Online Management Tools
With the Quickpay Portal you can easily upload your invoices and manage your factoring account online.
What to Expect from Us
When you choose Quickpay Funding for your staffing factoring needs, you’re choosing a financial partner committed to your success. No two businesses are the same, and that’s why we tailor our financial solutions to create a custom plan that perfectly suits your needs. Our approach is all about understanding your business, its challenges, and its aspirations, allowing us to provide a personalized financial solution that aligns with your goals.
With Quickpay Funding, you can expect more than just a transaction; you can expect a partnership. We take the time to get to know your specific circumstances, ensuring that the financial support we offer is precisely what you need. Our commitment to your success extends beyond mere numbers—it’s about supporting your growth, providing fast and reliable funding, and offering dedicated customer support every step of the way.
Staffing Factoring FAQs
How does invoice factoring work for staffing agencies?
Invoice factoring allows staffing agencies to receive immediate cash for their unpaid invoices. Instead of waiting 30, 60, or even 90 days for clients to pay, you sell your invoices to us at a small discount. We advance you a large percentage (typically 80-90%) of the invoice value immediately. We then handle the collection process with your clients, and once they pay, we remit the remaining balance to you, minus our factoring fee. This ensures consistent cash flow to cover payroll, operational expenses, and growth opportunities.
What are the benefits of factoring for staffing agencies?
Invoice factoring helps staffing agencies maintain steady cash flow, cover payroll on time, take on new contracts, and avoid the hassle of chasing down payments. It also provides credit checks on potential clients and collections support, reducing the risk of bad debt.
What types of staffing agencies qualify for factoring?
Most staffing agencies that invoice businesses for temporary, contract, or permanent placements can qualify for factoring. This includes healthcare staffing, IT staffing, light industrial, clerical, and more. The key requirement is that your invoices are for completed work and payable by creditworthy clients.
How quickly can I get funded?
Once approved, you can receive funding within 24 hours of submitting your invoices. Quickpay Funding operates 24/7, ensuring you have fast access to cash whenever you need it.
Does my staffing agency need to factor all invoices or can we choose specific ones?
Our factoring program allows flexibility. We don’t have any invoice minimums or volume requirements like other factoring companies. You can factor all invoices from certain clients or select individual invoices based on your cash flow needs. We can work with you to develop a customized factoring solution that addresses your specific requirements.
How do I get started with Quickpay?
Getting started is easy!
1. Contact us: Give us a call or fill out our online form.
2. Get a free quote: We’ll provide a no-obligation quote based on your needs.
3. Submit your invoices: Start factoring and get paid faster!
Still have questions? We’re here to help! Contact our team of oilfield factoring experts to discuss your specific needs and find the best solution for your business.