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Each industry has different staffing needs. As a staffing agency, your job is to fill the gaps so that short and medium term projects can be completed on time for your clients. Problems often arise when you are in charge of hiring people who need to get paid on an hourly, weekly or monthly basis, but your clients take 30, 60 or 90 days to pay your invoice.
The fact that you’re hiring part-time workers means that you need to ensure they are happy with their payment terms, workers’ compensation, insurance premiums and their 941 tax payments without incurring short term debt. With factoring accounts receivable, you can ensure that you are able to make payroll each week and that your workers are paid for jobs completed (while continuing to ensure a positive cash flow in your business).
Staffing factoring services for staffing agencies is the ideal solution to ensure that you have a positive cash flow all year round. Get an instant factoring quote today.
About Charter Capital
staffing factoring company
At Charter Capital, we are committed to helping entrepreneurs realize their full potential. Headquartered in Houston, Texas, we’re entrepreneurs too, and we understand the challenges you face. Our principals have been providing specialized financial solutions to small businesses everywhere since the late 1980s banking crisis that stifled traditional lending, and have served as the financial backbone for thousands of companies.
Homepage: https://www.chartercapitalusa.com/industries-we-serve/staffing-factoring/
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