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Canadian Staffing Firms Have a New Financing Option

Press Release, June 9th, 2007

(PRLEAP.COM) Toronto, Ontario – Paying employees on time has always been a challenge for Canadian temporary staffing agency owners, especially when corporate clients take over 30 days to pay their invoices. Commercial Capital’s staffing agency finance program provides agencies with a quick payment option, helping them ensure that employees are always paid on time.

The staffing agency finance program is different than conventional forms of bank financing. It provides a cash advance on invoices, acting as a quick payment. This provides agency owners with the necessary cash on hand to meet expenses. Furthermore, it also allows them to take new business opportunities because they know they will always receive quick payments for their invoices.

“The program is an ideal solution for new and growing staffing agencies that can’t qualify for bank financing,” said Marco Terry, Managing Director of Commercial Capital LLC (Canada). “The program is flexible product and easy to qualify for, ” added Terry.

Qualifying for Commercial Capital’s factoring financing program is a straight forward process. The most important requirement is that the client invoice reputable businesses, as their invoices are the collateral that we use. This makes it an ideal solution for companies that don’t have a lot of assets but have a strong roster of customers. Commercial Capitals finance program is a great solution for staffing companies whose main challenge is that they cannot afford to wait up to 60 days to get paid.

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