What factoring can do for you:
- Put debt-free working capital into your business
- Make up for rising energy and labor costs
- Carry you through times of seasonal or uneven sales
- Fund new advertising and marketing efforts
- Cover payroll, overhead, and cost of goods sold
- Take advantage of vendor discounts
- Focus on niche markets, expand operations, fill large orders
- Free up hours spent invoicing and collecting payments
Your industry is experiencing much growth because of the recession. Many companies are laying-off full-time benefitted workers to cut costs, but still need staff to fulfill big orders or handle unexpected projects. To avoid rehiring permanent employees and having additional payroll taxes and other related expenses, staffing companies are providing the solution.
According to an article by Steven P. Berchem for the American Staffing Association, "Employment services-mostly staffing-(will) create more new jobs than any other industry through 2012." Not only will staffing service companies grow as a result of the recession, but they may be what saves American businesses and workers in the long run.
Staffing companies especially benefit from factoring, as payroll must be paid out 30 days or more before the company gets paid. It can be difficult to cover costs when cash is tied up in accounts receivable. Universal Funding bridges the gap between invoice and payment with debt-free immediate cash. We also provide accounts receivable management services that will free up hours spent invoicing and collecting payments.
Growing companies can turn to Universal Funding for working capital on demand. We can fund start-ups, principals with poor credit, companies that have lost their line of credit and businesses that don't want debt. We have helped companies with seasonal or uneven sales patterns and companies that may be headed for trouble unless they can rescue cash flow.
Universal Funding has the cash solution for businesses large and small, local and national.
