Flexible Funding for Staffing Companies

Get the funding you need to make payroll and continue to grow your staffing agency.

Get Funding Today

Reliable Financing Solutions for

Your Staffing Agency

Staffing agencies have a business model that is slightly different from most companies. A staffing agency has to market its services, pay for advertisements to find clients, and then have enough cash to cover payroll. A staffing agency sometimes has to wait weeks or months to see a payment for their client, as the employee has to work and submit a timecard before the client will receive a bill. This is where payroll factoring can help.

Payroll factoring is a way for staffing companies to get their invoices converted into immediate capital. Sometimes known as staffing factoring, this option allows companies to get an advance on their invoice values immediately.

At Porter Capital, we offer some of the most competitive advance rates at around 85% to 95% of your invoice. We’re capable of offering invoice factoring for staffing companies up to $25 million per month with low requirements and an incredibly fast and easy application process.

If you’re looking to make payroll and sitting on a stack of unpaid invoices, we can help. With a fast turnaround and a number of financing options available, Porter Capital can help turn your pending invoices into rapid cash flow sooner rather than later.

Ready to Get Started?

Fill out the form below to get in touch with one of our experts!

Staffing Deals We’ve Funded

Staffing companies of any kind are excellent candidates for staff invoice factoring services. At Porter Capital, we’ve provided payroll funding for small businesses and large enterprises throughout the staffing industry. Whether you’re just getting started or operate a well-established staffing agency, we are happy to help you find solutions for long-term factoring. Check out some of the deals we’ve funded for the staffing industry below.

$750K Funded to a General Staffing Agency

$100K Funded to a Nurse Staffing Firm

$1M Funded to a Managerial Staffing Agency

$750K Funded to a Janitorial Staffing Firm

$500K Funded to a Cleaning Staffing Agency

$750K Funded to a Healthcare Staffing Agency

$475K Funded to a Skilled Labor Staffing Agency

$50K Funded to a Healthcare Staffing Agency

$200K Funded to a Medical Staffing Firm

$200K Funded to a Technology Staffing Agency

$200K Funded to a Temporary Staffing Company

$50K Funded to a Nurse Staffing Firm

$10K Funded to a General Staffing Agency

What Is Staffing Factoring?

Factoring for staffing agencies is an opportunity to turn outstanding invoices into cash when you need it. By factoring your accounts receivable, you are essentially selling your invoices at a discount to your factoring partner — in exchange, you can have more direct control over when you get paid and how you apply that on-demand capital. Your customer then pays the invoice to the factoring company instead of your business.

We work with staffing agencies across a number of industries all over the United States to provide payroll factoring services. Our quick application process and highly competitive rates make us an excellent payroll factoring partner for companies interested in a more flexible financing option than traditional business loans. Get your employees paid on time, even if customers are dragging their feet.

The Benefits of Payroll Factoring for Staffing Companies

The payroll factoring method offers advantages over other traditional loans and credit lines. Factoring payroll with Porter Capital is a competitive option for staffing agencies thanks to a range of benefits:

  • Immediate revenue: We provide invoice advances in as little as 24 hours.
  • Rapid growth: You will maintain the financial certainty necessary for your staffing agency to pursue greater goals.
  • Financial agility: Our advances provide working capital to leverage as your management team sees fit.
  • Debt-free advances: You can treat each advance like a normal invoice payment on your balance sheet.
  • Actionable support: We augment our payroll factoring capabilities with ancillary services that position your business for success.

The Importance of Staffing Agency Payroll Factoring

Payroll factoring is particularly relevant to the staffing industry due to the unique challenges businesses like yours face. With payroll factoring, you can:

  • Pay your employees: Employees make your staffing services possible. Use payroll factoring to preserve the trust that comes with consistent, competitive pay.
  • Manage low-revenue periods: Invoice financing will empower your agency to successfully navigate seasonal lows. You can maintain full-scale operations with your entire staff knowing the working capital is there to cover expenses.
  • Maintain patience with clients: Clients often need weeks or months to prepare payment. Using a payroll factoring service will allow you to await payment while staying in strong financial standing. As a result, your business can maintain relationships with clients without pressuring them.
  • Capitalize on growth opportunities: Payroll factoring is a working capital solution that keeps your agency financially agile. Your agency will have funds available to expand its services, enter new markets and hire new employees.

Types of Companies That Use Payroll Financing Services

Invoice factoring can be a unique and reliable solution for staffing companies. In a people-centered industry like staffing, your clients may not fulfill invoices for up to three months. During this time, you may need funding for at least six rounds of staff payroll. With staff invoice factoring services, you can make sure your clients are happy and your employees are paid for their time.

Some of our regular clients and industries include:

  • General Staffing Agencies: General staffing agencies serve a wide range of clients, each with unique placement demands. When you’re balancing countless invoices and hundreds of internal team members, you need reliable cash flow. Our business payroll funding services allow these agencies to seamlessly transfer funds without disrupting client relationships.
  • IT Staffing Agencies: Staffing for Information Technology positions requires various ongoing services with your client. It may take a while for your invoices to clear throughout the staffing process, so we provide payroll funding for staffing companies in the IT industry.
  • Nurse Staffing Agencies: Staffing agencies for nurses and other health care professionals are responsible for placing many skilled employees. Instead of waiting months for the client to pay your invoices, choose our financing services for health care staffing companies.

How Our Payroll Factoring Process Works

As an established payroll funding company, we’ve assisted hundreds of staffing agencies with invoice factoring. Our financial experts work with your agency to determine the best service we can provide for your payroll needs. Even if you don’t qualify for traditional funding solutions, we can help you advance your payment with our staffing company financing services.

The Porter Capital team works with many staffing agencies to create appropriate payroll financing services. Here’s our process for Staffing Factoring:

  1. Invoice your customer: Creating a valid invoice for your services is a crucial first step of factoring.
  2. Assign the invoice to your factoring partner: As your factoring partner, we purchase the invoice from your agency so we become the accounts payable for your client.
  3. The factor pays you an advance: While you enjoy your cash advance on the invoice, we wait to get paid back by your client.
  4. Your client pays the invoice directly to your factor: For your client, the only aspect of the process that’s changed is where they direct their payment. Most clients in the industry are familiar with invoice factoring and won’t bat an eye at the difference.
  5. The factor takes their fee and forwards you the balance: As your factoring partner, we request a small fee and send you any remaining balance from the invoice once it’s cleared!

Utilize our invoice factoring calculator to determine the estimated cash advance, the final amount receivable upon invoice payment, and the associated factoring fee.

Factored Invoice Amount ($)
Factoring Rate (%)
Advance Rate (%)