You’re ready to grow your staffing business. Find out how invoice factoring can boost cash flow management and help grow your company.
MP Star Financial provides information you need to understand accounts receivable factoring and how it helps cash flow management.
For more information about accounts receivable factoring terms, go to the MP Star Financial glossary .
Point 1: Receivables factoring is a time tested form of business funding .
Throughout several centuries, people have used receivables factoring to accomplish key business goals, including:
- King Hammurabi, who was probably the earliest factor (factoring lender)
- The Medici family, who used factoring to finance art and culture after the Middle Ages ended
Point 2:With receivables factoring as your form of business funding, you take on no new debt.
Instead, you receive fast cash, based upon the amount of your outstanding receivables, and you take on no new debt.
Point 3: Here’s how you can grow your temporary staffing business by using factoring as your form of business funding.
With accounts receivable factoring, you can:
- Meet payroll, even though you’re paying your staff every two weeks and the companies using your services are paying you every 30 to 45 days
- Expand your business by adding new staffing specialties
- Grow your business geographically by adding to your service area
Point 4: When you select MP Star Financial as your invoice factoring company, you pay no hidden fees.
That’s right! No hidden fees.
Point 5: We’re so confident that we can provide you with the best cash flow management solution that we’ll pay you if we can’t save you money.
If you send us a current contract or proposal from another receivables factoring company:
- We will show you the hidden fees and save your staffing company money
- If we can’t save you money, we will pay you $250 in cold hard cash
Apply for your invoice factoring online today or call us at 1-800-833-3765, x. 150.
