Payroll Funding for Staffing Agencies: Gain the Benefits of Working with a Family-Owned Factor

We often hear staffing owners say that their corporate lender is impersonal with poor customer service. When it comes to payroll funding for staffing agencies, an entrepreneurial, mid-size factoring partner could be your best option! Unlike corporate funding giants where staffing entrepreneurs may feel like a number, a mid-size boutique partner offers:

• An entrepreneurial perspective on growth
• Personalized service
• Proactive problem solving
• Staffing industry expertise

 

At Encore Funding, entrepreneurship is at the core of our business. It all begins with our CEO, Joel Adelman, a third-generation entrepreneur who believes in the philosophy of entrepreneurs serving entrepreneurs. Read on to see how partnering with a family-owned payroll company like Encore Funding can fuel staffing agency growth and success.

A Legacy of Entrepreneurship

Our founders have been working together in the staffing industry for over 25 years. This legacy isn’t just about longevity; it’s about understanding the entrepreneur’s journey from the inside out. Like our clients, we do things our own way. As a private lender, we’re proud to offer creative, flexible solutions that corporate factors cannot.

 

“Our entrepreneurial journey is supporting other staffing entrepreneurs in meaningful ways that set us apart from corporate giants. We want to help other business owners succeed.” Adelman explains. Our belief in staffing entrepreneurs’ success extends beyond providing capital. We understand the challenges and aspirations of growing a staffing agency because the experts on our team  have been there and done that!

 

Flexibility That Fuels Growth

One of the most significant advantages of partnering with a family-owned, mid-size private lender is flexibility. Without the constraints of rigid corporate structures or external shareholders, your specific financing and support needs can be creatively met.

 

Adelman highlights this flexibility: “Being privately owned allows us to do what’s best for our clients. We don’t have credit committees or regulations limiting our options. We can always act in the best interest of our clients, including offering side loans, term loans, over-advances, and even assistance with legal work and marketing.”

 

This adaptability means that as your staffing agency grows and evolves, our team adjusts accordingly. Whether you’re a startup or an established agency aiming to scale, you have access to the right mix of financial tools and business advice to support your journey.

 

Expertise Beyond Payroll Funding for Staffing Agencies

At Encore Funding, you not only access capital; you tap into a wealth of industry knowledge and entrepreneurial experience. Our leaders are seasoned professionals who have walked in your shoes! For Encore Funding, this expertise is a point of pride. “I surround myself with great people,” Adelman says, emphasizing the importance of having a leadership team that brings diverse skills and experiences to the table. This collective wisdom translates into valuable insights and guidance for your staffing agency.

 

From navigating market challenges to identifying growth opportunities, a mid-size payroll funding company can serve as a financial partner and a trusted advisor. We share the goal to help you grow through increased volume, market expansion and operational efficiencies – when you grow, we do too.

 

Focused on Your Success

One of the key lessons Adelman learned from his family’s entrepreneurial legacy is the importance of focus. This principle translates into a deep commitment to understanding and serving the specific needs of staffing agencies. Unlike larger, more diversified financial institutions, we’re committed to serving staffing entrepreneurs. We don’t provide generic financial services. Instead, we offer solutions tailored to the unique challenges and opportunities in the staffing world.

 

Take one staffing agency for example. Our client received lackluster customer service from a lender who didn’t truly understand this agency’s business. Enter the Encore Funding team. We collaborated with our client to reconcile a tough situation and put them on the path to success with proactive solutions and an entrepreneurial mindset. Read the case study.

 

For you as a staffing agency owner, this focus means working with a partner who speaks your language, understands your business model, and can anticipate your needs. It’s about having a payroll funding partner who’s as invested in the staffing industry as you are.

 

Similarly, strong interpersonal connections are a focus at family-owned private lenders like Encore Funding. Working through the ups and downs of the staffing industry with a real person sets us apart from corporate giants. In an era where digital transactions often replace human interactions, our staffing entrepreneur clients appreciate our approach even more:

• Dedicated account executive
• Access via phone or email
• Quick and personal responses
• Long-term relationships with Encore staff

 

You’ll find that working with a family-owned payroll funding company means direct access to decision-makers. Need to discuss a unique situation or seek advice? You’re not just a number in a queue; you’re a valued partner with a direct line to experienced professionals who are invested in your success.

 

Choose the Right Payroll Funding for Your Staffing Agency

As you consider your options for payroll funding, look beyond the numbers. Consider the value of working with a partner who understands the entrepreneurial spirit that drives you. A mid-size, family-owned payroll funding company like Encore Funding offers more than just financial support. You can expect a true partnership rooted in shared experiences, mutual growth, and a genuine commitment to your success.

 

Remember, in the world of staffing, your funding partner can be the difference between simply staying afloat and truly thriving. Gain an ally who will stand by you through the ups and downs of your entrepreneurial journey. Apply here to fuel your next chapter of staffing success with Encore Funding.