We are experts in helping our staffing factoring clients grow, fund payroll and prosper.
Most staffing businesses don’t have a lot of fixed assets, like machinery or inventory. And most lenders don’t understand that one of your largest and most valuable assets is your Commercial Accounts Receivables [AR] or invoices that you have sent your clients for the time worked and billed. We do!
We are able to do what most banks wouldn’t even consider; use your Commercial AR or invoices as the only collateral for working capital you need to run and grow your staffing business. We can do this even if you are a “start up” or have had a recent history of less than a profitable performance.
You can use our funding to fund payroll, hire more employees or 1099 workers and grow. Applying for our professional services takes only a couple of minutes, and we can usually fund your staffing business in a few days after we complete our due diligence process. Unlike most other firms, we NEVER charge any application, set up, documentation or closing fees. Apply online securely for your no obligation proposal for our professional services today.
At Drake Finance, we recognize that excellence in any organization is never an accident. It is achieved only as a result of an unrelenting and vigorous insistence on the consistent delivery of the highest standard of accounts receivables factoring services to clients. Our focus on serving you will help ensure the success of your business. Our receivables factoring program is a tool that can take your firm to the next level. We look forward to helping you in the near future to expand your business in staffing. Contact us today in confidence to discuss how we can add you as another satisfied client at Drake Finance.
Staffing Factoring Advantages
- No Cost Application and Approval Process
- No long term contract or minimum volume requirements
- No monthly service fees
- You remain in control, by having the freedom to pick and choose which client and invoices to factor
- High Advance rate, usually 80%
- Very competitive, simple to understand professional fee structure
- 24 / 7 / 365 secure online tools to help you better manage your cash flow and business
- NO personal guarantee required, just a validity guarantee
- 14 years of experience in the staffing factoring industry with excellent client references.
Types of Staffing Companies We Factor
- Clerical Staffing
- Consulting Staffing
- Government Staffing
- Industrial Staffing
- Information Technology Staffing
- Janitorial Staffing
- Light Industrial Staffing
- Medical Staffing
- Technology Staffing
- Telecom Staffing