At 1st Commercial Credit, our accounts receivable financing service is a flexible source of funds for temporary staffing companies. We simply utilize your accounts receivable as the collateral and advance funds against the face value of your invoices. The receivable credit line grows proportionately with your sales cycle and we can fund as little as $10,000 a month and up to $10 million for larger staffing companies.
We fund staffing agencies every week for the first time, and they usually invoice once a week thereafter. Our clients require funding as soon as they invoice so they can replenish their payroll checking account by Wednesday of every week.
Fast Growing Staffing Agencies use this type of financing to increase their cash flow for daily expenses.