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Staff factoring is a sale of outstanding payroll invoices to a third-party factoring company. It is a type of business financing to maximize cash flow and effectively fund daily operations. Staffing factoring allows staffing businesses to access the capital needed to recruit, hire, onboard, and run payroll.
Is Invoice Factoring Right for Your Staffing Company? Read More »
After a pipeline inspection staffing company outgrew their traditional line of credit, Catalyst was able to pay off the bank and provide the additional funds to keep the business growing.
Staffing Financing: Outgrowing a LOC Read More »
Because of how quickly a staffing company was growing, they had to turn to MCA loans to make payroll. When their banker saw the debt the staffing company was in, they referred them to Catalyst. Read on to see how Catalyst was able to save this company over $100,000.
A security staffing firm saved big by switching to the right type of funding. Read More »
An IT Staffing company that specializes in providing very skilled programmers to large consulting firms had outgrown their bank line of credit. Due to the lack of working capital, the company was unable to pay the bank back and they also could not meet their payroll tax obligations.
Factoring helped this company pay back the IRS and the bank. Read More »
Complete the initial inquiry and receive funding within 48 hours.