Staffing Agencies

Access to Unlimited Working Capital

Staffing factoring allows staffing companies to sell their outstanding invoices to a factoring company in exchange for immediate cash. The factoring company will typically advance a percentage of the invoice amount (usually around 80-90%) upfront and then pay the remaining balance (minus their fees) once the client pays the invoice.

This can be a valuable solution for staffing companies that need cash quickly to cover their operating expenses or to fund growth.

Staffing Factoring with SouthStar

SouthStar works with temp and permanent hire staffing agencies. When factoring with SouthStar, you will be assigned a personal account manager to handle collections, payment processing, and customer credit approvals, allowing you to focus on your business. When funding staffing agencies, we look at your customer’s credit history, not your company’s or personal credit history. Years in business is also not a factor in our decision to finance.

Once established with SouthStar, you will receive same-day funding on submitted invoices. This gives you access to unlimited working capital right when you need it. Staffing factoring also allows you to extend longer payment terms to clients and grow your business.

SouthStar Capital has played a pivotal role in the success of my staffing agency. Their unwavering support in providing the necessary working capital has empowered us to stand toe-to-toe with industry giants, enabling us to pursue contracts with unwavering confidence to deliver on our commitments.

Albert Williams

The entire team is committed to communicating throughout the entire application, underwriting & funding process. The funding User Interface is simplified to expedite the transfer of funds, review previous transactions, and download reports for accounting purposes.

David Hill