Canadian Staffing Companies Have New Financing Option
June 15, 2007 (PRLEAP.COM) Business News
Toronto, Ontario – Meeting payroll will now be easier for Canadian temporary staffing agencies, thanks to Commercial Capital LLC’s recently launched staffing agency factoring financing program. The program provides agencies with quick payments on their slow paying invoices, helping them ensure they have the cash flow to pay employees. Commercial Capital’s program is different than conventional forms of bank financing. It provides a cash advance on slow paying invoices, acting as a quick payment. This provides agencies with the necessary cash on hand to meet expenses. Furthermore, it also allows them to take on new business opportunities because they know they will always receive quick payments for their invoices.
“The program is an ideal solution for new and growing staffing agencies that can’t qualify for bank financing,” said Marco Terry, Managing Director of Commercial Capital LLC. “The program is flexible product and easy to qualify for, ” added Terry.
The factoring program is easy to obtain and does not have the onerous requirements of conventional bank financing. The biggest requirement for qualification is to have customers that pay their invoices reliably. This makes it an ideal solution for new and growing staffing agencies that have a strong roster of customers but little capital. The program is a great solution for companies whose main challenge is that they cannot afford to wait 60 (or more) days to get paid.
About Commercial Capital
Commercial Capital LLC is a leading factoring company that provides financing to staffing and temporary employment agencies in Canada. For information, please call (877) 300 3258 or go to http://www.factoring-canada.ca/html/staffing-factoring.html or http://www.factoring-canada.ca/html/canadian-factoring-company.html