Benefits of Non Recourse Factoring for Staffing Agencies
Choosing our non recourse factoring for staffing and temp agencies gives your firm added value in the form of features and benefits without adding cost.
What is non-recourse factoring?
Recourse vs. Non Recourse Factoring for Staffing and Temp Agencies
Non recourse factoring companies like DB Squared give their clients additional financial protection. When we factor an invoice, we assume the credit risk on that invoice. As our factoring client, if your customer is unable to remit payment on a factored invoice due to an insolvency event, we absorb the loss, not your agency.
Most factoring companies offer accounts receivable financing to staffing and temp agencies with “full recourse;” however, full recourse factoring leaves your company at a higher risk from bad debt. If your customer cannot pay a factored invoice due to a credit or solvency problem, your company will be required to buy back the factored invoice and may even incur additional costs if the factoring company requires that you cover administrative or collection costs as well.
Request a free, no-obligation quote using the form below to find out how factoring your staffing agency’s invoices with DB Squared can help you instantly unlock the working capital your company needs to grow.
We provide non recourse factoring for staffing and temp agencies with added value at no additional cost.
Our rates are comparable to companies that factor with full recourse and our advances are among the highest in the industry. Let’s take a closer look at the program features and benefits our staffing factoring clients enjoy:
|Low rates starting at 1%||Lower factoring rates reduce the cost of financing|
|Competitive advances||Expedited working capital for faster growth|
|Free same day funding||Reduced expenses and faster access to capital|
|Non recourse factoring||Reduce or eliminate your firm’s financial risk from bad debt|
|No long term contracts||No penalties or lengthy auto-renewals clauses|
|No factoring minimums||Factor only when it’s best for your agency|
|No application or due diligence fees||Reduced expenses|
|Fast approvals||We look for reasons to say ‘yes’|
|Short application process||You could go from approval to your first funding in hours|
|Free credit checks on your customers||Vet new customers more effectively;
strengthen your customer base
|Program transparency; no hidden fees||Control costs and maximize the benefits of factoring|
|Invoice customers or assign invoicing duties to us||Reduce agency overhead, minimize resources consumed by accounts receivable tasks|
If you’re ready to request a proposal for non recourse factoring for staffing and temp agencies, apply online or over by phone – you could go from approval to your first funding in hours, and unlock the working capital your agency needs to grow.