A Month in the Life of an Encore Payroll Funding Client

By: Kim Joyce, Director of Client Services Introduction to Payroll Funding As the Director of Client Services at Encore Funding, I see firsthand what it’s like to be a payroll funding client. Every day, our mission is to help staffing entrepreneurs overcome challenges with the funding, expertise, and support they need to grow. Whether you’re…

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IT Staffing Companies Payroll Funding: Tackle Growing Demand Head On

In my time at Encore Funding, I’ve seen firsthand the unique challenges that IT staffing companies face in meeting increased demand for cybersecurity talent. The need for skilled security experts has never been higher, as businesses across every industry scramble to safeguard against escalating cyber threats. This represents a major opportunity for IT staffing firms…

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Financial Sustainability: The Key to Success for Home Healthcare Staffing Agencies

Home healthcare staffing agencies face unique challenges that can make or break their financial sustainability. As a staffing entrepreneur, you’re often up against hurdles like operating in a highly regulated industry, lengthy documentation requirements, and long payment terms on invoices.   These challenges don’t have to define your financial sustainability! Read on to explore how…

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International Factoring Association Announces New Board Members

For Immediate Release International Factoring Association Announces New Board Members SAN LUIS OBISPO, CA, July 9, 2024 – The International Factoring Association (IFA) is proud to announce four new members have been added to the IFA Advisory Board for a two-year term. The Advisory Board plays a pivotal role in the IFA’s operations, offering strategic…

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Case Study: Payroll Funding & Personal Attention Achieve Major Results

Solutions to Employee Turnover: Strong Partnership With Your Payroll Funding Lender When high employee turnover and lackluster payroll funding service collide, where do you turn? One light industrial, general and administrative staffing firm wasn’t given the guidance or support to overcome these challenges with their previous lender. They found themselves in a tough situation.  …

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Unlock the Power of Accounts Receivable for Your Staffing Company

Accounts receivable

Accounts Receivables: What You Need to Know Accounts receivable (A/R) isn’t just a financial term; it’s the lifeblood of your staffing company. A/R is the money your customers owe you for the services your employees have provided on credit. Let’s dive into A/R and break down its complexities into manageable, essential components. Build a Solid…

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What Is Invoice Factoring and How Does It Work?

​​​​​It can often take 90 days or longer to receive payment from customers or clients​.​​ ​Invoice factoring, also called payroll factoring or payroll funding, gives you access to the instant cash flow you need to meet financial obligations.    Staffing companies commonly rely on invoice factoring because long waiting periods make it difficult to maintain operations…

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Governmental Requirements to Start A Staffing Agency

Government regulations for starting a staffing agency

Rules, regulations, processes – there are many steps required to start a staffing agency and it may seem confusing on the surface. We’re constantly asked: What are the requirements to start my own staffing company? Can you tell me the main steps to follow before opening my own staffing business?   Aside from the regulations…

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