Payroll comes due before customer invoices do.
Staffing agencies often have to make payroll every week or two while customer invoices may not be paid for 30, 45 or even 60 days.
Working capital gives staffing agencies another way to cover payroll and operating expenses while they wait for customer receivables to clear.
KEEP PAYROLL MOVING
Cover payroll
Pay employees on time while customer invoices are still outstanding.
STAY AHEAD OF OPERATING COSTS
Cover business expenses
Keep recruiting, software and other operating costs covered while receivables are still outstanding.
TAKE ON MORE CLIENT DEMAND
Fund workforce growth
Cover the payroll required to add workers and support new client assignments before those invoices are paid.
BRIDGE LONGER PAYMENT TERMS
Keep cash available
Maintain flexibility when customer payment terms extend beyond your regular payroll cycle.
BUILT AROUND YOUR BUSINESS
Capital built around how your business actually operates.
The right financing option depends on your business, what you’re looking to fund and how your cash moves. Tell us a little about your business and a Kanmon funding specialist will help determine the most appropriate path forward.
Tell us what you’re looking to fund.
Share a few details about your business and a Kanmon funding specialist will follow up to discuss your options.