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INVOICE FACTORING FOR STAFFING

Unlock Capital for Growth Projects or Everyday Expenses

Invoice Factoring for Staffing Companies

Managing cash flow is one of the biggest challenges for staffing agencies. Whether you’re a new agency trying to grow or an established firm navigating periods of rapid demand, ensuring you have the funds for financial needs is critical. These needs may include:

  • Weekly Payroll
  • Marketing, Advertising and Sales Expenses
  • Administration and Overhead
  • Executive Compensation

This is where invoice factoring for staffing companies comes into play. Riviera Finance, a leader in invoice factoring, offers tailored solutions that help staffing agencies maintain financial stability and support their growth.

What is Invoice Factoring?

Invoice factoring for staffing companies is a financial solution that converts unpaid invoices into immediate cash. Instead of waiting 30, 60, or even 90 days for clients to pay, staffing agencies can sell their accounts receivable to a factoring company like Riviera Finance. This provides instant cash flow to cover essential expenses such as payroll, recruitment, and operational costs.

With Riviera Finance’s expertise in staffing agency factoring, you can bridge the gap between invoicing clients and paying employees, ensuring uninterrupted operations and satisfied workers. Contact us today to get started. 

Our Process

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STEP 1

Apply

Complete form & become a Riviera client

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STEP 2

Service

You deliver your products or services

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STEP 3

Send

Send your invoices to Riviera Finance

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STEP 4

Get Paid

Riviera verifies & pays you within 24 hours

The Challenges Staffing Agencies Face

Staffing agencies often operate on thin margins and face unique cash flow challenges:

  • Delayed Payments: Clients may take weeks or months to pay their invoices, leaving agencies scrambling to cover payroll and other expenses.
  • Seasonal Demand: Fluctuations in demand can make cash flow unpredictable, especially during peak hiring seasons.
  • Payroll Pressure: Employees must be paid on time, regardless of when clients settle their accounts.

These challenges can hinder growth and strain resources. Invoice factoring for staffing agencies provides a reliable solution to these issues, offering immediate funds and financial flexibility.

How Does Staffing Agency Factoring Work?

Factoring for staffing companies is a straightforward and efficient process that turns your accounts receivable into immediate working capital. Here’s a detailed breakdown of how it works when partnering with Riviera Finance:

  1. Submit Invoices: Provide your unpaid invoices to Riviera Finance.
  2. Receive Funds: Riviera Finance advances you up to 95% of the invoice value within 24 hours.
  3. Client Payment: Your client pays the invoice directly to Riviera Finance.
  4. Reconciliation: Once the client pays, you receive the remaining balance, minus a small factoring fee.

This seamless process ensures you have the funds you need when you need them, without waiting on client payments

Benefits of Invoice Factoring

Riviera Finance works with a variety of companies in the US and Canada to help them maintain cash flow and meet weekly financial demands.

Immediate Cash

Our process is built around immediate response to client needs, and the best cash turn around in the industry.

Quick Credit Checks

Receive credit checks on your customers

Low Risk

Competitive rates and no hidden fees

Financial Freedom

No debt is created

Bad Debt Protection

Riviera takes on all the credit risk!

Get Started

Complete the form for a Free Consultation.
Industries - Benefits if Transportation Factoring

Benefits of Factoring for Staffing Companies

Staffing agency factoring offers numerous advantages, making it an ideal choice for agencies looking to optimize their cash flow and drive growth. Real-world benefits of factoring include:

1. Immediate Cash Flow: With invoice factoring, you no longer have to wait for client payments. You get access to working capital almost immediately, ensuring you can cover payroll and other critical expenses, even during seasonal demand fluctuations.
2. No Additional Debt: Factoring is not a loan, so it doesn’t add debt to your balance sheet. This makes it a risk-free way to improve cash flow.
3. Growth Opportunities: Reliable cash flow allows you to take on more clients, recruit additional staff, and expand your business without financial constraints. Factoring enables you to seize new opportunities without worrying about delayed payments.
4. Credit Management: Riviera Finance handles credit checks on your clients, ensuring you work with financially stable businesses. This reduces the risk of bad debt and improves your overall financial health.
5. Flexibility: Factoring services can be customized to meet your specific needs, whether you’re looking for a long-term solution or support during a period of rapid growth.
6. Operational Stability: Factoring ensures timely payroll for your employees, which is essential for maintaining morale and productivity. Agencies can continue operations seamlessly, even during periods of rapid expansion.

Why Choose Riviera Finance?

Riviera Finance has been a trusted partner for staffing agencies across various industries for decades. Here’s what sets us apart:

  • Industry Expertise: We understand the unique challenges staffing agencies face. Our tailored solutions are designed to address cash flow gaps, ensuring you can focus on growing your business.
  • Fast Funding: We provide funding within 24 hours, so you can meet payroll deadlines and cover operational expenses without delay.
  • Nationwide Presence: With offices across the country, Riviera Finance serves staffing agencies in diverse industries, offering personalized support and local expertise.
  • Comprehensive Services: In addition to factoring, we offer credit management, invoice processing, and collection services to help streamline your operations.
  • Proven Track Record: Our long-standing reputation in the industry speaks for itself. Thousands of staffing agencies trust Riviera Finance to provide reliable, efficient factoring services.

Industries We Serve

Riviera Finance provides solutions in factoring for staffing agencies across a wide range of industries, including:

  • Medical and healthcare
  • IT and technology
  • Manufacturing
  • Logistics and transportation
  • Administrative and clerical
  • Retail and hospitality
  • Construction and skilled trades
  • Customer service and call centers
  • Education and training services

No matter your niche, our expertise ensures you receive the support you need to succeed.

Riviera Finance: Your Invoice Factoring Solution

If you’re ready to stabilize your cash flow and grow your staffing agency, Riviera Finance is here to help. Our team will guide you through the factoring process and create a solution tailored to your needs.

Ready to stabilize your cash flow and grow your staffing agency? Contact Riviera Finance today to learn more about our specialized factoring services for staffing companies!

How Factoring Benefits Staffing Agencies

What Our Customers Are Saying

“

The personnel I deal with on a regular basis at Riviera are very friendly and extremely helpful. If I call with a question or concern, they are prompt in assisting me.

Marjie EllisonDallas, TX
“

For financing it can't get much easier. Our company has been growing for several years and the growth rates could not have been achieved without the additional financing that Riviera has provided.

Stan ShawPhoenix, AZ
“

Riviera helps keep a consistent cash flow and help us manage our receivables. They also help keep us from doing business with customers whose credit level is substandard.

John SavastenBirmingham, AL
“

Not only am I happy that I have a steady flow of cash when I need it but I am treated very well by the people who work there.

Robert GrayPortland, OR
“

Riviera is the backbone of my business by me knowing I always have a little something tucked away and that I can stand on my own two feet. Not only are they there to help, but they have become friends and family.

Linda VillanuevaBaltimore, MD
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