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Posts Tagged ‘payroll funding’
Bank Loans vs. Payroll Funding for Staffing Companies
Payroll funding for staffing companies is often compared to bank loans. Which is the better option? Our experts weigh in.
Read MoreCase Study: Funding and Personalized Support for Accounts Receivable Collections Management
Encore also helped this healthcare staffing company overcome their biggest hurdle: accounts receivable collections with personalized service they could trust.
Read More7 Myths About Payroll Funding
We bust some of the biggest misconceptions about payroll funding to teach you how you can leverage flexible funding to grow your staffing business.
Read MoreHow to Grow Your Staffing Agency
Learn the top seven tips that small to mid-size staffing firms can use to fuel their growth from Encore’s Director of Client Strategy & Growth, Ed Burr.
Read MoreHow Staffing Agencies Make Money in Their First Year
New staffing entrepreneurs often wonder, “How do staffing agencies make money?” It’s a question new clients pose to us all the time. It may seem like you have to operate without a profit for several years while you grow your business, but this isn’t the case. In the early stages of your business, consider actions…
Read MoreInvoice Factoring Fees: How Much Does It Cost?
Invoice factoring is a financial tool that provides staffing businesses like yours with flexible financing options. Invoice factoring fees vary, as Tim Sardinia, our Executive Vice President, explains in his video below. Watch or read on to uncover how much invoice factoring costs and the extra benefits it offers compared to traditional financing. How Much…
Read More7 Things Staffing Agency Owners Wish They Knew Before Starting Their Company
What Staffing Agency Owners Wish They Knew Earlier A staffing company is a rewarding business venture, but it can be a challenge to get started without the right information as a staffing agency owner. Many successful owners make common mistakes early on, like underestimating the power of factoring for staffing companies, and learning through trial…
Read MoreTop 6 Mistakes to Avoid When Starting a Staffing Agency
How to Start a Staffing Agency: Pitfalls to Avoid Early On Whether you’re interested in how to start a staffing agency or you’ve already begun doing business on your own, congratulations and welcome! The staffing industry is multifaceted and intriguing. When you first start out, though, it can be difficult to know what mistakes you…
Read MoreWhat 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 funding, gives you access to the instant cashflow you need to meet financial obligations and objectives. Staffing companies commonly rely on invoice factoring because long waiting periods make it difficult to take advantage of…
Read MorePayroll Factoring 101: Recourse vs. Nonrecourse Factoring
You may already know that factoring is when a factoring provider like Encore Funding buys your outstanding invoices and transfers you cash. However, it’s important to understand the two main types of factoring, recourse vs. nonrecourse, before you decide how to manage your staffing firm’s capital needs. Read on to discover more about…
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