Staffing, Freight and Oil & Gas are three industries that routinely use invoice factoring to cover rapid growth costs, cash flow shortages, and other expenses.

1. Staffing, Freight and
Oil & Gas:
3 Industries that Use
Invoice Factoring
Here are three industries that routinely use invoice factoring to
maintain growth.

2. Staffing Factoring
Though the staffing industry may be flourishing, steady cash
flow can be an issue.

3. Get Costs Covered with Staffing
Factoring
 Providing cash for sourcing, recruiting, and
hiring employees remains a challenge for
temporary and permanent staffing agencies.
 Biweekly payroll checks are expensive and
problematic because staffing agencies are
expected to pay their employees on a two-
week cycle.

4. Staffing Factoring Provides Steady
Cash Flow
 Staffing financing moves quickly and can
keep up with the fast pace of temporary
staffing agencies.
 With factoring, staffing agencies can get up
to 95 percent of the value of their invoices
(in 24 hours).

5. Freight Factoring
Freight factoring provides steady cash flow to cover the
numerous costs related to the transportation industry.

6. Transportation Companies Rely on
Fast-Moving Freight Financing
 Trucking is a slim margin industry filled with
high operational costs such as fuel, payroll,
fleet maintenance and overhead.
 Cash flow can be problematic as shippers
demand immediate payment.

7. Affordable and Accessible Freight
Factoring
 Freight factoring companies work with all
businesses, including startups with one truck
to major regional companies with hundreds of
vehicles.
 Factoring companies purchase invoices and
provide cash to keep trucks on the road.

8. Oil & Gas Factoring
Oil & gas factoring is an integral part of the oil & gas industry.

9. Oil & Gas Loans from Banks
 Banks prefer to lend to industries with steady,
predictable, year-after-year growth.
 Because oil and gas companies tend to move
quickly to seize on an opportunity, they do not
have time to sit and wait for a short-term loan
from a bank.

10. Oil & Gas Funding
 Factoring companies provide oil and gas
funding for shale oil (fracking) projects as
well as more traditional drilling.
 Companies can get cash (in 24 hours) by
selling their existing receivables for 95
percent of their value.

11. Is Invoice Factoring Right for You?
 Invoice factoring can work with just about any
industry, including manufacturing, government
contracting, wholesaling, telecom and much more. To
see if factoring receivables is right for your industry,
contact:
Business Factors at 888-234-6663
 An invoice factoring professional can explain how
factoring receivables can help your industry.
 They can answer all your questions about the costs of
factoring, as well as how fast you can get your money.
Contact us today!