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BusinessManager® for Staffing

INDUSTRYSTAFFING

BusinessManager® for Staffing

Staffing service companies represent a significant opportunity for banks in today’s market for working capital finance. ProfitStars® offers the tools and expertise to help you take advantage of this opportunity to grow.

Take Advantage as the Economy Increases Cash Flow Needs in Staffing

Accelerate Loan Growth by Targeting the

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More information is available at www.profitstars.com/niche or by calling 877.827.7101. © 2013. Jack Henry & Associates, Inc.® All rights reserved. ProfitStars is a registered trademark of Jack Henry & Associates, Inc.

Short-Term Capital Needs OfferOpportunity for Banks

BusinessManager® for Staffing

Clearly the demand for skilled, temporary workers has the potential to further increase employment and revenue among staffing firms, but it may also exacerbate their cash flow concerns. The key question: How can banks best support and grow income in this niche market?

Find and Grow New Business Relationships in StaffingWith the BusinessManager program, staffing companies can receive cash deposited into their operating account every time they submit a customer invoice – giving them quick access to the money they’re owed. So whether the companies they help staff pay in 30, 60, or 90 days, the staffing company will always have cash on hand to meet payroll, add workers, or take advantage of new growth opportunities.

BusinessManager is a proven accounts-receivable financing program that enables your bank to develop lasting, positive, and profitable relationships in new or emerging industries, helping you earn that recurring fee income you’ve been looking for.

Powered by the banking, technology, and business development experts at ProfitStars, BusinessManager matches your bank with a sales and marketing professional to ensure your program’s success. Tens of thousands of businesses have made BusinessManager America’s top small-business lending alternative.

Accelerate Loan Growth by Targeting the Staffing Industry

BusinessManager is a safe and sound commercial loan prospecting solution that enables banks to meet the unique accounts-receivable financing needs of today’s high-opportunity staffing markets. It is a proven, business-friendly alternative to factoring. Staffing is also one of the largest users of receivables-based financing in your market.

The need for temporary and seasonal workers often creates cash flow fluctuations throughout the year for staffing agencies. Typically, staffing companies pay temporary employees weekly and yet get paid by clients monthly or longer. When these imbalances occur, agencies must still pay workers, creating a short-term capital need.

Furthermore: “As the economy recovers, U.S. employers are relying more on staffing firms, driving growth in the staffing services industry. Contingent labor is predicted to make up about half of the workforce by 2020, according to MBO Partners”

Source: First Research, 8-12-2013

To learn more, visit www.profitstars.com/niche and register for our upcoming webinar:

Making a Direct Impact on Staffing in Your Community:

A Community Bank Guide to Financing Domestic Staffing Services

Wednesday, November 20 at 2 p.m. CT

You can also contact us at 877-827-7101 or sales@profitstars.com.

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