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How To Get Cash Advance Fast For Allied Health Staffing And Other Staffing Company Expenses -Commercial Financing
Allied Medical Staffing Commercial Financing
Allied Health staffing companies can sell their receivables (invoices) for cash. Selling receivable or incoming business for a discount in order to have working capital is a process thousands of staffing companies have been doing for years.
"What is allied health staffing?" comes to mind when you see all the headlined and opportunities in the job market. A medical staffing agency employs many people in the health industry as well as provide talented employee in the medical sector.
What Is Allied Health?
Allied health is the care given by health-care professionals in the hospitals, nursing homes and other medical facilities. Here are just a small list of allied health staffing needs.
- Physical Medicine
- Nuclear Medicine
- Pulmonary Medicine
It is no great surprise that there is a nurse shortage greatly affecting the allied health industry(health-care professionals that assist physicians and nurses). It is basically a job agency that supplies the health-care professional to the health-care facilities at a cost.
Many of these agencies suffer when the need for their services are great and and waiting for the hiring companies to pay them is long. One of the largest reason for this great demand is because of the baby boomers that are flooding the senior homes and medical care institutions.
The allied staffing agencies are now stressed by having to wait over 90 days for payments when the high need demand as the result of baby boomers needing more places to reside and receive care. Some agencies don't survive.
However the ones that use factoring will allow their health agencies to grow as needed with more recruiting, advertisements,and larger facilities by factoring
What Is Factoring?
Factoring is the financial solution for expanding businesses.This may sounds strange to some but this is the way business is practiced. A commercial financial solution called factoring has been made more popular to keep healthcare agencies and many other businesses successful by purchasing the stressed companies receivable invoices. This is the invoices of the funds that the health agency has due them.
Factoring companies purchase these invoices at a discount for their service. Factoring is beneficial to a thriving company that can otherwise shut down from lack of cash flow.
10 Benefits Of Commercial Financing For Medical Staffing Agencies
- Allow better credit terms to clients.
- Pay debt on time
- Cash without loan.
- No credit limit
- Unrestricted Use of Funds
- Cash without long wait/approval
- Credit of payee not staffing company is used.
Factoring is a financial tool that can make the difference between a company growing and attaining excellent credit terms as well as competing globally. Using this tool is more than just keeping a company in business it is in the business of keeping people employed and payed.
Commercial Finance Solutions
- Factoring-Get paid cash instead of waiting 60 to 90 days or more for invoices to be paid.
- Inventory Financing-Get money in advance and use inventory and receivables as collaterol.
- Asset Based Lending- Capital solutions for large companies with large lines of credit.
Any agency that has never used factoring as a financial tool may have already downsized or considered delaying expansion or worse. The discounted fee you are charged is a small price to pay when you consider the freedom to grow you will have.
Try getting a free quote so you have an idea how selling your invoice are done and how fast you will receive your funds. Go to Commercial Financing and get your free quote for starters. There is no cost and no obligation. Keep Allied Health staffing Agencies in the black with staffing factors.
Before Selling Your Private Mortage to others you should first fill like you have trust and understand the process.