Payroll Factoring Companies | FactoringDirectory.org

Guarantee on-time payment to employees with payroll factoring

Few things are as important to a business as meeting payroll demands. Failing to do so can make employees quit and cause the business to be fined, sued and even investigated. For these reasons and more, reputable businesses may pay a bill or two late but will never miss payroll. They may also need to find alternative financing for payroll, such as payroll factoring.

Most small to medium sized business struggle with meeting their payroll commitments at one point or another. Payroll costs are high and for many businesses, payroll is one of their largest expenses. This is particularly true for the staffing industry and temp agencies but it is also true for many day-to-day businesses that just need to make sure their employees are getting paid on time.

Payroll spans across many industries, however, it is one of the most common reasons that companies utilize invoice factoring. Industries like freight and trucking, oil and gas and construction factoring also make up a large portion of the payroll factoring invoices in the United States each year.

Advantages of partnering with payroll invoice factoring companies include:

Shore up your working capital so you can take on new business opportunities as they arise.
Improve your cash flow so your business can grow and thrive. Businesses with poor cash flow need constant resuscitation
Take care of payroll expenses so that you know what money is available for other sales generating activities
Build confidence with employees so they never have to worry about whether or not they will get paid

On-time every time with payroll financing companies

Besides costs, one of the troubles in meeting payroll is timing and frequency. Most payroll cycles are every two weeks yet most companies including staffing receive payment for their services at a minimum on a 30-day cycle, but sometimes even more. This creates a clear mismatch where it is easy for companies to fall behind.

Though you might have to wait more than 30-days to collect payment, rest assured your employees won’t wait that long to collect their paychecks. Payroll factoring bridges this break in payment. By selling your most current invoices to staffing factoring companies, your company collects the cash it needs for payroll in days and not weeks.

Most payroll factoring companies offer expedited payment timeframes because they understand the nature of the business. Some offer one-time payroll factoring options while others only offer monthly or even biweekly options. So whether you need payroll financing as a one-time thing for a slow business season or need it year-round to help stay ahead of cash flow, payroll factoring companies can help.

Finding The Right Payroll Factoring Companies

Factoring Directory has done much of the heavy lifting to make your search as easy as possible. We have compiled a well-researched list of payroll factoring companies all across the USA and Canada that have experience and expertise in helping businesses fund payroll by getting them paid fast on invoices that have net 30, net 60 or even longer terms. Take a look at the list of prominent staffing factoring companies or reach out to us and we can help you find the best fit for your business needs.

Learn More About Payroll Factoring:

Search Our List to Find Payroll Factoring Companies Near You:

Business Factors & Finance, Inc.

220 Ave I , Redondo Beach, California, 90277

888-852-4982

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