![]() ![]() Do my customers pay my company or Alliance One? We pay you, your customers pay us.Do I have to factor all of my customers? No, you tell us, which customers you want to factor.Are there any monthly minimums? No, we do not believe that your business exists to feed us business. ![]() Do I have to sell you all of my invoices? No, you only have to sell us the invoices that you want.I am a start-up company, can I still factor my invoices? Yes, we welcome young and well established companies.If I send Alliance One an Invoice Today, when is the money advance to me? Normally with 24 Hours.As your company grows, we grow with you and when you need more money, we will provide it. This money is sent back to you, once your customers pays their invoice, less the invoice factoring fee. We hold back the rest of this amount in your reserve account. We advance you up to 90% of the invoice face amount within 24 hours. When you use invoice factoring to pay your staff, you are simply selling your invoices for each employee on a weekly basis. If take on a new customer and they require your company to supply them with 10 people, your line of credit can be depleted just making payroll for this one customer. A line of credit is normally based off of your business tax returns, so when you need to hire more people, the money made, will not reflect until the following years tax return so you will always need more than what the bank says you can have. Traditional bank loans, usually do not work for staffing companies. Should you Factor your Invoices or apply for a Bank Line of Credit? When you sell us an invoice, we verify that the services have been rendered and then send your money within 24 hours. Invoice financing for staffing companies is fast alternative method to a bank line of credit. #Invoice factoring for staffing companies free#Our factoring program is a debt free option. You can tap into your personal savings or a line of credit or you can utilize employment agency finance to get you working capital. If you are like most companies, you are going to need financial assistance in growing your business. If and when you obtain a new client, how are you going to pay your new employees? If you are plush with cash, you would be here right now. ![]() All business need cash-flow to survive and staffing company burn through cash-flow faster than most other industries. ![]() You most likely pay your staff weekly or bi-weekly but your customer do not pay their invoices for 30 or 60 days. When you run a staffing company, you must have cash-flow. How Can Invoice Factoring help you make Payroll? Payroll is the largest expense for most companies, so the need for cash-flow is most important in any business but it's especially true in the staffing industry. You sell us your open invoices at a discounted rate for immediate cash. The more your company grows, the money you need to pay your staff. Alliance One has been factoring for employment agencies for over 25 years. Is cash-flow preventing you from hiring on new employees? What is the factoring process and what can you expect?Īs a temporary staffing company, we know that having positive, consistent cash flow is the lifeline of your business, as you have weekly payroll needs. ![]()
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