Staffing Company Funding
If you are the owner of a staffing company, you are probably well aware of the issues that companies in this industry regularly face. Providing temporary workforce for your clients can often mean long hours, not to mention organizing and keeping track of where you have sent all your workers. Moreover, keeping up with payroll can be particularly stressful, especially when you are still waiting to receive payment from your clients.
It can be a struggle to find enough suitable workers to cover for vacations, illnesses, terminations, resignations and other forms of absence. But with a stable funding, your company can always have smooth operations. Founded in 1989 and with years of invaluable experience in working with suppliers of temporary staff, American Prudential Capital understands the stresses and strains suffered by staffing companies.
More Flexible Than Traditional Funding Companies
If you have ever found yourself in this position, you will know that banks and other traditional funding institutions can be less than helpful, particularly if your business is fairly new and has not had time to build up a credit rating. Traditional funding companies can also be extremely inflexible and, even if they do approve your request for a short-term loan, it can often come too late to help the current deficit in cash flow.
We are here to tell you that there is another way to fill that temporary shortfall in cash, and that is through alternative funding methods, such as invoice factoring. It is a simple process where we buy your accounts receivable for a percentage of their value. You get the money you need, while we take over responsibility for the invoices and follow up the payments. Furthermore, you are relieved of all the work needed to chase down outstanding invoices or bad debts, leaving you to concentrate on getting the right staff to the right place on time.
Invoice factoring is a way of releasing the cash that you are owed by your clients. Applying is easy; you simply fill out the online funding application and, once approved, you will get the cash within 24 hours. You can choose to sell as many or as few of your invoices as required to raise the money you need.
All we ask is that the credit period is between 30 and 90 days and that your customers are creditworthy, so as to minimize our risk. Of course, your staffing agency must not have any serious legal or tax issues. Subject to our checks, getting the money you so urgently need should take just a couple of working days.
Would You Like To Know More About Our Alternative Financing?
If you would like to know more about any of our alternative funding options, simply get in touch with us here at American Prudential Capital now. We have been helping staffing companies like yours with their temporary cash flow problems since 1989. We can also offer alternative financing options using non-traditional collateral for a range of business needs, whether you are just starting out in the staffing industry, you are looking to grow and expand your business, or you are planning a buy-out.
Our terms are very favorable, and there is no long-term obligation or monthly minimum. Simply decide how much cash you need and, subject to approval, we will provide it. Sounds like something you would be interested in? Then call us now to find out more about staffing company funding and let us elevate your staffing agency to one of the most reliable and successful in the industry.
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