Staffing agency financing can provide the reliable and flexible cash flow staffing agencies need to make their payroll.
As the staffing industry has grown, so has the need for flexible financing for staffing companies. According to the American Staffing Association, in an average week, staffing companies are responsible for more than 3 million employees.
We provide flexible staffing agency financing so you can make sure your staff get paid, on time.
ACQUISITIONS & NEW MARKETS
Staffing Agency Financing might be an option for you to:
- Meet Weekly payroll. Your clients pay monthly, but you must provide those workers with a weekly paycheck. If you can’t keep up with payroll, you lose employees and in turn, clients.
- Recruit more staff. The staffing industry is growing, but in order to hire more staff to fill more positions, you must have the cash to bring those new employees on board.
- Acquire competitors. One way to grow your staffing company is to take advantage of the opportunity to purchase a competitor. This requires speed and cash on hand.
- Move Into a new Markets. As you grow, you may need to open new offices in new cities or states. A steady flow of working capital can help you cover the start-up costs associated with new locations.
Call us today or fill out the form below to see how easy it is to secure staffing-agency funding with Porter Capital.