Staffing and Employment Services
Staffing companies operate with a built-in cash flow challenge that most other industries don't face. You pay your employees weekly — sometimes even daily — but your clients pay you on 30-, 60-, or even 90-day terms. Every new placement and every new contract widens that gap. The more successful you are at growing your business, the more pressure it puts on your cash flow.
This dynamic makes staffing one of the most natural fits for accounts receivable factoring. The receivables are predictable, the invoicing is recurring, and the need for immediate working capital is constant. Factoring allows staffing companies to meet payroll obligations on time, every time, without borrowing against the future or turning away new business because the cash isn't there yet.
How Factoring Works for Staffing Companies
The process integrates directly into your weekly billing cycle. After you invoice your client for hours worked — whether on a temporary, temp-to-hire, or contract basis — you submit that invoice to Hexagon along with supporting documentation such as approved timesheets or time-and-materials reports.
We verify the receivable with your client, then advance 80–90% of the invoice value directly to your account, typically within 24 to 48 hours. You use those funds to cover payroll, payroll taxes, workers' compensation, benefits, and other operating expenses. When your client pays the invoice in full, we remit the remaining balance to you minus a small factoring fee.
Because staffing invoices are generated on a regular cycle — weekly or biweekly in most cases — factoring becomes a seamless, ongoing part of your cash flow management rather than a one-time transaction. The rhythm of your funding matches the rhythm of your business.
The Payroll Pressure That Makes Factoring Essential
Unlike most industries where expenses can be managed or deferred, payroll is non-negotiable. Your employees expect to be paid on time, and the legal and reputational consequences of missing payroll are severe. Payroll taxes, workers' compensation premiums, and benefits costs compound the obligation further.
For a growing staffing company, this pressure intensifies with every new account. Landing a large new client should be a reason to celebrate — but without adequate working capital, it can actually create a crisis. You're suddenly covering payroll for dozens of new placements while waiting weeks or months for your client to pay. Traditional bank financing may not move fast enough, and taking on debt to fund payroll creates its own set of risks.
Factoring eliminates this tension. Your funding scales automatically with your invoicing volume. As you place more workers and generate more invoices, your access to working capital grows proportionally. There is no need to renegotiate a credit line or submit a new loan application — the facility expands as your business expands.
Why Oklahoma Staffing Companies Work With Hexagon
National factoring companies that specialize in staffing often focus on large, multi-location agencies with millions in monthly receivables. If you're a local or regional staffing firm serving the Oklahoma market — placing light industrial workers, administrative staff, skilled tradespeople, or oilfield personnel — your volume may not command their full attention.
Hexagon is built for Oklahoma businesses at every stage of growth. Whether you're placing ten employees a week or two hundred, we structure a factoring facility that fits your current scale and adjusts as you grow. We take the time to understand your client relationships, your billing cycles, and the industries you serve so we can provide funding that actually aligns with how your business operates.
Staffing is a relationship business — both with your clients and with your financial partners. Hexagon is designed to be the kind of partner that picks up the phone, knows your business, and moves at the speed your payroll cycle demands.