Your business is paid upfront for the open invoices, and the factor does all the work of collecting the money from your customers. It’s a financial transaction between a factoring company and its client whereby a business sells its unpaid invoices to the factor in exchange for a percentage of the invoice value. Factoring for staffing agencies is not the same as lending and is not classified as a loan. Invoice factoring is a common service used by staffing firms to generate positive cash flow. How Does Invoice Factoring For Staffing Companies Work? You don’t have to start over with a new person each time you call. Personalized Service – you have one dedicated person and his or her assistant who handles your account. Fork Lift Operators – Loaders /Unloaders.Assembly – Warehouse – Quality Control – Quality Assurance.Doctor’s Office Assistants – Medical Secretaries.Admin Assistants – Executive – Legal Secretaries. #Invoice factoring for staffing companies full#
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