If you’re a new staffing agency owner, you want to be armed with information that seasoned staffing pros already know. Many successful owners have made their fair share of common mistakes early in their careers. Some have taken on any client that comes knocking; others have underestimated the power of factoring for staffing companies.  Below, […]

How to Start a Staffing Agency: Pitfalls to Avoid Early On  Whether you’re interested in how to start a staffing agency or you’ve already begun doing business on your own, congratulations and welcome! The staffing industry is multifaceted and intriguing. When you first start out, though, it can be difficult to know what mistakes you […]

As a staffing entrepreneur, you may wonder, “What is invoice factoring?” Craig Cohen answers this, plus insights on whether it’s right for you.

You may already know that payroll funding is when a funding provider like Encore Funding advances cash against your outstanding invoices. However, it’s important to understand the two main structures, recourse vs. nonrecourse payroll funding, before deciding how to manage your staffing firm’s capital needs. Read on to learn the key differences between recourse and […]

Landmark deal sparks new funding opportunities, expanded services for staffing and transportation industries. Encore Funding, an alternative lender that unlocks capital and strategic support for entrepreneurs in the staffing and transportation industries, is pleased to announce its acquisition of two national companies: Millennium Funding, another alternative lender that provides working capital to the staffing and […]

  All businesses obviously need cash, but a staffing business is ven more unusual with their cash needs. Our clients don’t feel any of the pinch of being with a regulated lender with excessive red tape and compliance issues to access capital. We make it easy to get funding. Learn more about our funding solutions […]

When you work with Encore… You gain a team of advisors that believes in YOU – your business, your vision and your potential. As a company that’s wholly dedicated to the staffing industry, we’re proud to support businesses that help millions of people make a living every single day. Learn more about our team of […]

Payroll factoring is one of the most popular types of business finance. Within that, there are two types of factoring: money only and full service. Money-only invoice factoring provides strictly payroll funding. You process your own paychecks, print your own invoices and file and pay your own taxes, while the factor delivers cash to cover […]

The financial decisions you make in the early stages of your staffing firm have a direct impact on how quickly, and how sustainably, you can grow. One of the most important is how you choose to fund payroll. For many new firms, the first instinct is to look to traditional financing. Banks, however, often require […]

Starting your own staffing business may seem daunting, but I’ve seen plenty of new entrepreneurs succeed by following a few key steps. In general, you’ll want to focus on organization and ensuring you have the time to fully commit to your new endeavor. I would pass that advice along to any aspiring business owner, but […]