Why staffing businesses should consider factoring services

Today’s job market can be fickle and tumultuous. If you own a staffing business, then you know that the past few years have changed the job market completely. Instead of being able to find and place candidates with ease, you can now spend months finding suitable employees and convincing a client to hire them (which means you can wait months for a client payment instead of a few weeks).

Some of the reasons why staffing businesses are finding the process of receiving accounts payable to be longer than ever before are as follows:

• Retrenchments: Many companies have downsized due to the economic crisis of 2009. In the past, middle managers would be able to identify the need for new employees and kick-start the recruiting process, but today upper management and executives think long and hard before hiring new employees.
• Too much supply, not enough demand: The era of the jobless college graduate is upon us. Generation X and gen Y are highly educated and they have entered the job market in masses, which means that they are all willing and able to work (and there simply aren’t enough companies who are hiring).
• Longer recruitment processes: Companies have to be 100% certain that a new recruit will be able to fill their desired roles and fit in with the company’s culture. Instead of one or two interviews, there are often multiple interviews, which can delay the process.

As a staffing business owner, you know how important it is to have a pipeline of potential clients. In order to make sure you are able to pay your ongoing expenses (even if you have a few slow weeks or you are simply waiting for a few clients to make a final decision regarding a candidate), factor your receivables in order to eliminate the worry. Get an instant factoring quote now.

About Interstate Capital

Interstate Capital Corporation saves you time and money by speeding up your cash flow, increasing your profitability, and growing your business. Formed in 1993 in Santa Teresa, New Mexico, Interstate Capital originally focused its factoring business in the apparel and "maquiladora" industries in the US-Mexico border states. Interstate Capital expanded in the mid-1990s throughout North America and into the transportation, manufacturing/wholesale distribution, oilfield service and staffing industries.

Today, the Interstate Capital group of companies employs more than 85 dedicated professionals and has successfully funded over 8,000 motor carriers, freight brokers, manufacturers, staffing services, oilfield service, and other service businesses since its founding. With locations in California, Texas, and New Mexico, Interstate Capital purchases nearly $1 billion dollars of invoices annually from thousands of clients located throughout North America.

As a staffing business owner, you know how important it is to have a pipeline of potential clients. In order to make sure you are able to pay your ongoing expenses (even if you have a few slow weeks or you are simply waiting for a few clients to make a final decision regarding a candidate), factor your receivables in order to eliminate the worry. Get an instant factoring quote now.

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