Your enterprise staffing firm just secured a transformative contract—a multi-year agreement to place 300 healthcare or IT contractors. It’s the kind of win that defines a company’s trajectory. You call your commercial banker to discuss the working capital needed to support the massive increase in weekly payroll, only to be told your line of credit…
The Hidden Ceiling: How Your Funding Partner’s Capital Structure Dictates Your Growth Picture this: Your staffing firm just landed a massive account—a 500-contract-worker deployment for a Fortune 500 client. You call your payroll funding provider to increase your credit line, only to hear the words that can stall a business in its tracks: “We can’t…
Running a staffing agency means juggling weekly payroll, multi-state taxes, invoicing, and collections—while also recruiting, selling, and keeping clients happy. And even for the most motivated owner-operators, keeping everything in the air is a challenge. Even the most profitable firms hit a point where back-office work slows growth. So the question becomes, when should a…
The Federal Reserve recently raised the benchmark interest rate by a quarter of a percentage point, the latest in a series of hikes. The benchmark rate range is now 4.75-5%. This move is intended to slow down inflation. What does that mean for staffing firms that fund with a bank? If you are currently funding…
According to a recent Staffing Industry Analyst report, over 80% of companies with more than 1,000 employees in the US use a Vendor Management System (VMS). Over the past decade, that number has increased by 30%. In other words – VMS is a reality for many staffing firms who want these contracts. Chances are, you…
If you’re contemplating a merger or acquisition as a way to supercharge your growth in 2021, it’s important to tread carefully, now more than ever. M&A activity is clearly on the upswing from staffing firm owners looking to take fast advantage of the emerging post-pandemic economy. While last year saw an understandable decline, 2021 has…
A hospitality staffing firm was dissatisfied with their funding parter and looked for a partner in growth. Read how they turned to Advance Partners.
A light industrial staffing firm felt dissatisfied with their service with their payroll funder. Read how they turned to Advance Partners to help.
Read a case study about an IT/Engineering staffing firm and how they doubled their growth with payroll funding from Advance Partners.
Read a case study about an IT Staffing company, and how they grew outside of bank funding and grew because of Advance Partners help.
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