Charter Capital Re-Launches Staffing Factoring Program
Staffing company owners can now benefit from Charter Capital’s staffing invoice factoring program. This factoring program was created to address the growth in staffing and temporary employment companies.
The biggest challenge for staffing companies is obtaining growth capital. Most clients of staffing companies pay their invoices on 30 to 60 day terms. Unless the staffing company has significant cash reserves, it will run into serious cash flow problems.
“The factoring of invoices allows a staffing company to get paid right away instead of waiting up to 60 days or more to get paid,” said Keith Mabe, vice president of Charter Capital. “It is very flexible and gives businesses the financial strength they need to help them grow.” he added.
Invoice factoring can easily be incorporated into a staffing company. For example:
The staffing company factoring program is also available to security companies under the security guard factoring program.
Charter Capital is recognized provider of accounts receivable financing/invoice factoring and cash-flow management solutions for small to mid-sized businesses.