Working Capital and Payroll Funding

Payroll funding is the process where a third party company buys your outstanding accounts receivable and advances you liquid capital immediately.

For staffing companies, paying your contingent workers weekly and waiting 30-90 days for payment from your clients can be a cash flow nightmare. Staffing factoring ensures you have working capital for payroll and other business expenses, allowing you room to grow.

No. Payroll funding is the term we use to describe invoice factoring specifically for the staffing industry. You may see terms like working capital financing, advance payroll funding, invoice financing, etc. All of it refers to the same process.

The cost of factoring is variable and depends on many factors – the amount of your receivables, the well-being of your business, the size of each invoice, etc. For an accurate quote, we typically look at your company history, your financial stability, and the financial stability of your customers. Then, we typically offer a rate between 1-3.9% of billing. To get a true estimate of the cost for your individual business, contact an Advance rep today for a free consultation.

You can apply for payroll funding online by filling out the funding application. After you submit, a dedicated representative will work with you to develop the working capital solution and operational support you need to grow your business.

• Unlimited access to funds
• Advance rates of 80 to 100% upfront
• Competitive rates without additional fees
• Flexible contract terms and pricing structures
• Weekly electronic funds transfers
• Detailed management reports
• 24/7 access to online reporting
• Automated secure lockbox, so your payments post faster

Dedicated teams for credit research, collections, and cash receipt and application