Payroll Funding for Staffing Companies, Your Money Faster
Written by US Funding on January 14, 2016
The ability to pay one’s employees in full and on-time is the first step in creating a successful business. Without happy, paid employees your company loses credibility and inevitably, revenue. Payroll funding for staffing companies is an excellent way to avoid committing this Business 101 slip-up. It’s also great for other reasons as well. Whatever your reason, payroll funding for staffing companies is a hassle-free way to keep your business running smoothly.
Reasons for Payroll Funding
For small or growing companies, payroll can pose a major monthly or bi-weekly challenge, especially at the beginning. As your business is just starting, there’s a chance you’ll need extra manpower that will create future revenue, but not instant cash. Payroll funding from US Funding can help. In this case, your employees will receive a paycheck on a regular, timely schedule, while you are offered the flexibility to pay whenever the funds are available to you.
There are countless examples of why payroll funding may be a perfect option for you. Perhaps you want to offer a sale to your customers to drive interest in your product. This sale might boost brand recognition and a relationship with consumers going forward, but it could easily cut into your projected net income, creating shortfalls. Another example would be companies that are growing rapidly and can’t come up with the funds for payroll until they receive payments from customers in another month or two. Whatever the reason, payroll funding can help you maintain a good rapport with your employees while simultaneously propelling your business full speed ahead.
How Does it Work?
If you have decided that payroll funding can indeed help your company succeed, you will need to contact us so we can explain the details and process your application. After that, it’s pretty simple. Whenever you need our services, you will sell us some of your company invoices or accounts receivable, so that you don’t have to wait for those invoices to be paid. Then, we will provide you with most of the funds you requested. We are then responsible for collecting those receivables. When they are collected, you receive the balance minus a small fee. The advantages are many, but mainly, you are incurring no loans payable on your balance sheet, there is no waiting for a long approval period by a bank and you are free from the collection process on the invoices that you have sold to us. You have almost instant cash for payroll or any other operating needs you may have.
Why Choose US Funding?
There are many advantages to choosing US Funding for your payroll needs. We help you get your money faster, improve cash flow, help you avoid debt, among others. Payroll funding for staffing companies is therefore preferred over other more conventional types of financing and we do it best. We understand that each company seeking payroll funding has a unique situation. We do our very best to cater as best as possible to your business’s specific complications. Skip the bank loans and instead, allow us to help your business grow. We promise to do just that!
Your Money, Faster
Call US Funding at (866) 812-9771 for no-obligation details or if you have any questions for us. We can’t wait to hear from you.