Payroll factoring is a term used by working capital finance or accounts receivable factoring companies. The term specifically refers to providing the capital it takes to pay employees of temporary staffing companies.
The key benefit of using a payroll factoring company to finance your temporary staffing company is making sure you can always fill the job orders from your clients and always have the capital to make payroll even if your clients take 10 to 90 days to pay your invoices.
Meritus combines new technology with almost 20 years in the factoring business. We have provided billions in funding to our temporary staffing clients over the past 19 years. Along with that experience comes great service, the lowest rates and an easy to use online onboarding process.
Here are a few details of our payroll factoring program and why we could be the right fit for you.
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