FULL SERVICE: Payroll Funding + Back Office services
Sterling Resource Funding has significant and broad-based experience exclusively within the staffing industry- so we know exactly what you need to manage and maintain a healthy and profitable business.
- Flexible Payroll Funding
- Comprehensive Payroll Services
- Custom Invoicing With Your Business Name/Logo
- Payroll Tax Preparation & Filing
- Vital Credit and Collection Support Services
- Free Turnkey Payroll Systems - including Hardware/Software and Check Stock
- Customer Support Account Representative Team
- Earnings (profits) Distributed Weekly On Billings Not Collections
- Detailed Financial Management Reports Provided Weekly
- Custom Software For Client/Employee Search and Retrieval
- Secure Internet Access To Your Business Accounts Profile
For businesses that don't need our comprehensive back office services, we offer a flexible money-only product.
- Advance rates among highest in industry (more than 80%)
- A simple, "no-surprises" fee structure
- A full 90 days to collect your receivables
- Complete credit profiling services
- Collection assistance, when necessary
- Web-based management reporting services. Reports include Accounts Receivable, Aging, Cash Receipts Register (both daily) and a Weekly Earnings Statement
- Regional lockboxes for timely posting
- Services are fully compatible with industry-standard pay/bill applications.
ASSET BASED LENDING
Asset Based Lending permits growing and dynamic businesses to leverage the value of their current accounts receivable and inventory and fixed assets (machinery, equipment, or real estate), thus securing fresh working capital.
- Bankers who are expert in your industry and in structuring ABL deals
- Dedicated team of professionals to manage your business financing
- Advances on revolving basis
- No annual clean-ups
- Loan packages are created in a flexible and individualized fashion
- Term loans collateralized by fixed assets available
FACTORING AND ACCOUNTS RECEIVABLE MANAGEMENT SERVICES
Sterling has been providing factoring services to staffing firms for decades. While a slightly different arrangement from both Asset Based Lending and traditional Payroll Financing, Factoring permits you to keep your cash flowing and fund growth.
- Work with veterans in the staffing and factoring industries
- Dedicated team of professionals to manage your financing
- Receive cash when your staffing order is invoiced to an approved customer/client
- With Sterling Accounts Receivable Management Service (ARMS) –put our professionally trained collection department and systems to work for you
- Secure, 24/7 online tools to manage your account
GOVERNMENT CONTRACTOR FINANCE
Financing available for companies that provide consultants and temporary workers to U.S., State and Local government entities. For more information contact Robert Mocerino.