How to Choose a Staffing Factoring Company

by Kevin Smith Author

The temporary staffing industry is a unique one that requires specialized knowledge for companies wishing to provide them with staffing factoring in Douglasville, GA. If you run a staffing agency and need money quick, look for these qualities in a factoring company.

Knowledge of the Industry

Because staffing agencies cover a wide range of industries, including nursing, IT and construction, an invoice factoring company must understand not only how staffing agencies work but also how the particular industry works. This knowledge allows the factoring company to tailor a solution specifically to the staffing industry.

Able to Provide Additional Services

A company that provides staffing factoring in Douglasville, GA, should offer additional services to staffing agencies. One common service is account management, which means the factoring company will provide administrative support such as payroll reporting, invoicing and providing payroll checks. These services can save the staffing agency money since it won't need to hire a separate business or individual to provide them.

An Excellent Reputation

While not exclusive to staffing agency factoring, it is important to find a factoring company with an excellent reputation. In addition to a high score with the Better Business Bureau, the business should have bank references, a summary of its financial status and high-quality references from current and former clients.

Flexible Rates and Terms

Finally, a business offering staffing factoring should provide competitive rates and flexible terms. Before signing on the dotted line, make sure you read all the fine print, as this is often where you'll find hidden fees or terms and conditions. Be sure to have a clear understanding of all terms and conditions to ensure they are the right match for your business.

Remember, staffing factoring in Douglasville, GA, that seems too good to be true probably is. Research multiple companies, including Eagle Business Credit, before making a final decision.