Factoring company staffing payroll

It is not uncommon for staffing agencies to experience working capital challenges, especially with weekly payroll. Invoices can take up to 90 days to be paid, all the while you still have to pay your staffing payroll on time. Whether you specialize in short and long-term temp work, or professional recruiting, there are going to be times when the amount of cash coming in is not able to cover what has to go out. These issues are relevant no matter what industry your staffing firm represents from janitorial to nursing, to security guards to teachers. What Mistakes Do Staffing Agencies Make ... Read More

MIAMI, FL- Paragon Financial Group, a 22-year old non-recourse invoice factoring company, announces a new funding program for start-up staffing companies. The program provides non-recourse, credit protected working capital for start-up staffing agencies dealing with growing payrolls in the fast-paced staffing industry. According to Staffing Industry Analysis, the US staffing market is projected to grow 6% in both 2016 and 2017 to nearly $150 billion with the strongest areas in the healthcare and education segments. Chris Curtin, Paragon Financial’s National Sales Manager, said, “With 22 years of staffing funding experience, we have a deep understanding of where individual staffing companies ... Read More

temp staffing growth payroll

Temp jobs in the US are booming with a 57 percent increase from 2009 to 2014. This means staffing companies are also feeling the boom. A growing staffing company equals an increased need for working capital, higher payrolls, and larger overhead overall. Nearly 3 million people are employed in temporary jobs from Lakeland, Florida to Omaha, Nebraska. Analysis from CareerBuilder shows that number will continue to rise. Temporary employment is expected to increase 13 percent (354,877 jobs) from 2014 to 2019.  Staffing agencies need to be financially prepared to handle the additional workload. CareerBuilder put together a list of fast-growing ... Read More

Financing staffing industry

Founded in 1994, Paragon offers Fast Growing Labor, Guard, IT & Staffing Companies an alternative to bank financing. When banks either WILL NOT loan or offer TOO LITTLE funds, Paragon promptly supplies a steady stream of cash through Invoice Factoring. Our Programs Invoice Factoring, Accounts Receivables Financing & Credit Protection 90% Advance Rates with Online Invoice Submission, Reporting and D&B Reports The Famous Paragon “Soft Touch” with your Clients Paragon can move Quickly on New Client or High Growth Client Approval versus slow Bank Underwriting. Optional Back Office services are also available. Target Clients Startups, Turnarounds, Bank Exiting and Non ... Read More

staffing-payroll-funding

Top Echelon Contracting’s 2013 contract placement statistics show that contract staffing was particularly strong in the following industries.  The list is in order of the strongest industries from the top: Healthcare Business Professionals and Support Staff Engineering and Manufacturing Information Technology Finance and Accounting HR/Legal/Recruiting Sales/Marketing Money When Your Business Needs It Most!

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