Hospitality & Events Staffing Agency

Staffing Agency provided temporary staff for major airlines, corporate events, and resorts. Seasonal demand spikes required rapid hiring, but delayed client payments (30-60 days) hindered their ability to pay staff and cover event-related expenses.

1st Commercial Credit’s factoring program was set up in a week and  provided weekly funding for invoices, with no minimum volume requirements.

• Seasonal Flexibility: The agency confidently scaled staff for peak summer events, increasing placements by 40%.
• Improved Cash Management: Factored funds covered payroll and converted existing receivables to immediate cash without debt, helped cover other costs like uniforms and training, enhancing service quality.
• Client Retention: Reliable cash flow allowed them to maintain competitive pricing, securing repeat business from event planners.

Across industries—technology, healthcare, construction, hospitality, and manufacturing—temporary staffing agencies face similar cash flow challenges due to delayed client payments. Invoice factoring with 1st Commercial Credit provides a reliable, flexible solution, enabling agencies to meet payroll, scale operations, and seize growth opportunities without the burden of waiting for payments.