BusinessCash Sees Expansion in IT Staffing Funding
BusinessCash has seen an increase in staffing agency factoring lines of credit in the first quarter of 2015. A large portion of the growth has been concentrated in the IT staffing sector. According to Staffing Industry Analysts, the U.S. IT staffing market is expected to grow 7% in 2015 and 6% in 2016. This would bring the total U.S. market to $29.1 billion in 2016, an all-time high. BusinessCash has experienced parallel growth in the IT staffing market. Reflecting IT staffing firms increased need for additional financing and payroll funding.
The Staffing Industry Analysts forecast predicts 6% growth in temporary industrial staffing, 4% growth in office/clerical, and 7% growth for both IT and healthcare staffing. “We believe that 2015 will have the fastest GDP growth in a decade, creating immense opportunity for the US staffing industry in the form of an additional $7.8 billion in staffing revenue nationwide versus 2014,” said Staffing Industry Analysts Research Manager, Timothy Landhuis.
According to Chris Curtin, BusinessCash’s National Sales Manager, “In the 1st quarter of 2015 we have experienced a surge in IT staffing funding requests along with healthcare and security guard staffing. At BusinessCash we are well positioned to help the industry grow through our invoice factoring, payroll and credit protection programs.”
A new report by CareerBuilder shows temporary staffing growing 57 percent between 2009 and 2014. The U.S. temp staffing industry as a whole is predicted to grow 6% in 2015 and 5% in 2016 expanding to a record size of $121 billion. Staffing firms employed nearly 3.3 million temporary and contract workers near the end of 2014.
“Two in five U.S. employers expect to hire temporary or contract workers this year,” he continued, “which opens new doors for workers who want to build relationships with different organizations and explore career options,” said Eric Gilpin, president of CareerBuilder’s staffing & recruiting and health care divisions.
Since 1998, BusinessCash.com has offered solutions to tough business cash flow problems including: extreme cash flow issues, rising expenses and shrinking profit margins. From wholesalers to temporary staffing agencies, from government contractors to oil and gas industry suppliers, business owners have successfully grown their companies through Invoice Factoring, AR Management, Credit Protection and Purchase Order Funding with BusinessCash.com. To get funded now, please call 866-598-4295 or visit http://www.businesscash.com