Staffing
Are you ready to take your business to the next level?
At River Rock Financial we know that staffing agencies are essential to many different industries as they provide qualified temporary employees that are necessary to business operations. Because of the contract-based payment schedule that agencies offer the businesses they serve, many staffing agencies experience the the problem of meeting weekly salaries and expenses, while having to wait up to 90 days for payment from their clients. This may prevent staffing companies from taking larger contracts and therefore the exponential growth they require to grow.
River Rock Financial may be the solution, if your staffing agency is experiencing:
- Difficulties in obtaining traditional bank-based financing
- Cash flow gaps due to slow accounts receivable and invoice turnover
- Fast growing but limited past sales history
- Seasonal sales patterns
- Payroll funding issues
Other payroll spot factoring solutions can give your business cash flow to pay your employees on a timely basis. We differ from banks and other commercial finance companies, because we take time to recognize the unique issues that face your individual staffing agency, and work with you to provide a personalized financial situation. Unliketraditional sources, we are also more concerned with the credit worthiness of your clients than the current state of your credit..
Do you have trouble meeting payroll because your clients take up to 60 days to pay their invoices?
Spot factoring for staffing companies can provide you with an advance on your invoices, giving you the funds you need to pay employees and grow your company.
Have you taken on a large contract and require the upfront capital to make initial payroll?
Spot Factoring invoices provides your staffing agency with predicatble cash flow and strengthens your companies financial position. It provides a platform that enables you to take on new clients and grow your company.