Industries
Staffing
Get paid faster with invoice factoring for staffing companies
Invoice factoring provides the immediate cash flow boost your staffing agency needs to thrive. With factoring, you can stress less about client payments and focus more on what really matters — growing your business.
Who we fund
- Light industrial
- Clerical and admin
- IT staffing
- Healthcare staffing
What is staffing factoring?
Staffing invoice factoring is a financial solution where your business sells its unpaid invoices to a factoring company, like MyFactor, for an immediate advance, typically within 24 hours. Instead of waiting 30, 60, or 90 days for customers to pay, you get the cash flow to cover operating expenses, purchase inventory, pay employees, and invest in growth.
Payroll every week, even when clients pay monthly
Staffing firms pay workers weekly and wait 30 to 60 days for clients. Payroll factoring advances cash against approved timesheets so payroll, payroll taxes and workers’ comp are covered on time.