Nurse Staffing Agency Financing

How do Nurse Staffing Agencies Get Funding? Even for the best-run nurse staffing agencies, payroll, rapid growth, and similar challenges are complicated issues. Running a nurse staffing company is no easy task. Try navigating through the high financial pressures with the complexity of scheduling, federal and state staffing requirements and working with staffing models. These include the patient acuity, budget-based, or nurse-patient ratio. Having readily available working capital on hand helps turn these challenges into a profitable venture. One of the best ways to achieve the financial strength nurse staffing agencies demand is through invoice factoring. Factoring is a fast,

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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

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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

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Miami, FL – Paragon Financial Group, a 22-year-old non-recourse factoring company that specializes in funding for the US staffing industry, announces it has published a new guide: How to Start a Staffing Agency. Staffing is a historically high growth segment of the US economy. This has been reflected in many industries with staffing segments, such as healthcare, growing 20% in 2015 and projected to grow another 16% in 2016 according to Staffing Industry Analysts. Paragon Financial wrote this guide in an effort to provide entrepreneurs with an excellent base of knowledge for starting a staffing company when facing the myriad

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A guide on how to start a staffing company

With the moderate growth in almost every sector of the US economy, there is one area with historically robust growth: the staffing industry. All private, public, and government entities of every size experience uneven and peak workload that requires additional personnel to get the job done. Also, many entities do not want to add to their legacy costs and liabilities with the addition of more full-time employees and look to staffing agencies to fill their workforce needs. Demand for information on how to start a staffing agency has never been higher. Solving these issues by providing high-quality temporary or full-time

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