The new staffing product is designed specifically for small and medium-sized staffing agency owners to secure all their on-demand funding needs when they need it
BIRMINGHAM, Ala. (PRWEB) November 27, 2020
Porter Capital announces funding for staffing companies product
Funding for staffing companies just got easier. Porter Capital, an innovative leader in providing flexible, customized funding to businesses, now offers new, smaller staffing companies lines as low as $10,000. Porter can also fund larger staffing companies with lines up to $15 million. One of the first staffing agencies to try this product, is a staffing co for nurses and essential workers.
"The new staffing product is designed specifically for small and medium-sized staffing agency owners to secure all their on-demand funding needs when they need it," said Blake Van Leer, Director at Porter Capital.
Porter Capital offers custom-tailored solutions for the staffing industry with payroll factoring, a way for staffing agencies to get their invoices converted into immediate capital. This option, also known as staffing factoring, allows companies to get an advance on their invoice values immediately.
Porter Capital works with staffing agencies in various industries all over the country to provide invoice factoring services. With quick access to payroll factoring, advance rates up to 90%, and flexible financing solutions for those who do not qualify for traditional funding, Porter's payroll financing services instantly grant access to improve cash flow.
The service is ideal for improving a staffing business's immediate capital, whether for making payroll one week or expanding by bringing on new hires. Typical qualifications for staffing factoring includes a minimum of $25,000 monthly revenue or invoices and business history of two or more years.
To learn more about how Porter Capital can provide payroll funding for your staffing agency, visit: https://www.portercap.com/payroll-funding-for-staffing-companies/
About Porter Capital:
Porter Capital was founded in 1991 by brothers Marc and Donald Porter in Birmingham, AL. Porter offers working-capital solutions to businesses all over the country in a variety of industries. As a direct lender and factoring company, Porter Capital has provided over $5.7 billion in funding since inception. Porter Capital offers invoice factoring of credit lines up to $15MM. Since founding the company, Porter Capital has expanded to include a special transportation division known as Porter Freight Funding. The Porter businesses continue to grow by providing working-capital solutions, emphasizing personalized, dedicated customer service without sacrificing speed and efficiency.