Slow paying customers create cash flow problems for many business owners and make funding payroll, and the ability to or desire to hire more staff members very difficult to support your growing business. One of the most efficient way to solve your working capital issues is to factor your accounts receivable. Unlike a fixed line of credit factoring provide you with the flexibility to call for working capital when you need it and it self-liquidates when the accounts receivable are collected.
Most staffing agencies have weekly or twice monthly payroll responsibilities. In many cases, based on the demand created by your customers, your payroll can be compared to an accordion. In some weeks it may be much larger than others but it is always a moving target based on the number of workers you have deployed at your customer’s businesses.