There are disadvantages of being a middle man, especially when you are a staffing agency. The payment structure which makes staffing companies profitable – invoice for services – causes delays in processing payment that can make it difficult to pay employees timely. However, there are organizations that specialize in payroll funding for staffing company that have problem managing their temp agency payroll.
These specialty lenders and banks provide short-term payroll funding for staffing agencies or companies, giving owners more governance over cash flow. Here are some of the benefits of payroll funding for staffing companies.