Information Technology Staffing

An Information Technology staffing agency specializing in placing IT contractors for software development and cybersecurity roles, faced delayed payments from clients with 60-90 day terms. This created cash flow gaps, making it difficult to meet weekly payroll for their 50+ contractors.

The staffing agency partnered with 1st Commercial Credit for invoice factoring, receiving weekly advances of 90% of invoice values within 24 hours.

• Improved Cash Flow: Immediate access to funds ensured timely payroll, boosting contractor satisfaction and retention.
• Scalability: With reliable cash flow, it expanded to serve three new tech firms, increasing revenue by 30% in six months.
• Reduced Stress: The agency’s owner no longer worried about chasing client payments, focusing instead on client acquisition.

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.