Staffing Agencies

How to Finance a Technology Staffing Company

Most staffing companies are launched by entrepreneurs who have vision and experience – but not necessarily lot of start-up capital. Many operate on tight cash flows for their first few years, as they build a reliable cash reserve and a steady portfolio of clients. However, growing a company with a tight cash flow is difficult. All it […]

How To Finance a Consulting Firm

Consulting companies tend to have high payroll expenses. Obviously, experts in fields common to consulting, such as software, marketing, finance, operations, and technology, command high salaries. And paying your employees on time is critical if you want to remain in the business. However, most consulting companies are launched with very little capital and have few assets. More importantly, they […]

Why do Staffing Agencies get Higher Factoring Advances than Other Industries?

Most factoring companies advertise advances ranging from 70% to 90%, depending on the industry of the client. This variation can sometimes baffle clients – why is industry so important? For example, a manufacturing company with solid clients will likely get an advance of 80% to 85%. On the other hand, a staffing agency with similar […]