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Financing Staffing Agencies

Financing Staffing Agencies

Over 3,200 clients funded
Do you need payroll funding now?
No up font fees to set up
No financial required
Funding in 3-5 days
Rates at
0.69% to 1.59%
Accredited business BBB logo
We Lend MORE Than The Bank

Financing Staffing Agencies

Do you need payroll funding now?
Request a quote
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$2 Million

Staffing Automotive Detroit
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$600,000

IT Staffing Florida

Receivables Financing & Invoice Factoring For Staffing Agencies

Is your Staffing Company growing faster than your operating capital?

1st Commercial Credit can help you grow your staffing agency with unlimited payroll funding , whether you're a start up or a multi-million dollar operation. Meeting staffing payroll during growth can be a challenge. Financing staffing agencies is a very simple process for us.

Start Today and get initial funding in 3 to 5 working days. No financials needed, No up-front fees to set up, it is that easy.


We can accommodate receivable based credit lines to new temporary staffing companies with minimal funding needs. Another option is our our asset based lending solutions for large staffing agencies that can go up to $10 million if needed.

See Our Most Recent Transactions
Staffing Financing Rates at 0.69% to 1.59%
18 Years In business
We Fund Staffing Everyday!
Fast Approval Process
No Up Front Fees to Set up
No Financials Required
Low Credit Score Accepted
3 to 5 Day Initial Setup
Free Invoicing Software
Free Uploading Funding App
Over 3,200 Clients Funded

Staffing Agencies Tap Into A Flexible Source of Payroll Funding

Flexible Approvals with our Invoice Factoring Funding

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.

Financing Temporary Staffing Agencies


1st Commercial Credit is an invoice factoring company that funds many staffing industries.


Why Do Staffing Agencies Choose Us?
Accounts Receivable Financing is our Business.
Financing Rates at 0.69% - 1.59%
Set up in 3 to 5 working days
$10,000 & up to $10 million Facilities
No facility fees - No Audit Fees
No Monthly Minimums
18+ years in business
No Financials Required
No up-front fees - No hidden fees
We Make Same Day Decisions
Free Staffing Software Invoicing/Funding

What kind of staffing companies come to us for funding?

Fast Growing Staffing Agencies use this type of financing to increase their cash flow for daily expenses.

We Finance staffing agencies with as little as $10,000 a month to $10 million for larger agencies. Most of our clients come to us with common cash flow problems:

Limited start-up working capital.
Staffing companies experiencing growth outpacing payroll and 941 tax obligations.
They have been turned down by banks.
Slow turning receivables has affected their cash flow.
Uneven spike in sales.
Line of credit at the bank has capped out.
Staffing agency has reached credit limits with existing factoring company.

Requirements for factoring receivables for staffing agencies.

Very Limited documentation is required up to $350,000.

1st Commercial Credit makes applying for a receivable based line of credit very simple.

Fill out 2-page application.
Provide accounts receivable aging report.
Furnish a list of the customers including the credit limit request.
Submit Articles of Incorporation.
Include the rate confirmation agreement.
Present the invoices to fund.
Company must be free and clear or loans or bank loans.
Low credit score is approved.
No financial statements needed.

Staffing Agencies take advantage of their outstanding invoices and convert them to cash flow. A factoring credit line based on percentage of eligible accounts receivable. Easy to understand financing fees. Invoices funded within 24hrs. Eliminate the need for bank loans or SBA loans. Funding can take place in 3 to 5 working days.

Recent Transactions:
$600,000 | Invoice Factoring for IT Staffing Agency w/ Bank Subordination
$2 Million | Accounts Receivable Funding for Travel Nurse Staffing Agency
$350,000 | Receivable Financing for a Respiratory Therapist Staffing Agency

We provide funding for the following staffing industries

There is no need to borrow money if you have uncollected receivables from good credit worthy accounts.

Professional

Twin Plant Management and Engineers
Sales - Marketing - Sales Managers
Accounting - Controllers - CPA's
Healthcare - PTs - RNs - CNAs - OTs - MDs
Data Processing - I.T. - Web Design
Mid Management - Administrative - Technical

Office Services

Office Managers - Administrators
Full Charge Bookkeepers - Accounting Clerks
Admin Assistants - Executive - Legal Secretaries
Clerical - General Office - Data Entry
Doctor's Office Assistants - Medical Secretaries
Call Center Phone Attendants and More

Manufacturing

Assembly - Warehouse
Plastic Injection Molding
Warehouse distribution
Skilled - Unskilled Labor
Light Industrial
Machine Operators
Fork Lift Operators
Electronics Assembly
Packers

1st Commercial Credit is an invoice factoring company that funds many staffing industries.

Staffing Financing Rates at 0.69% to 1.59%
Over 3,200 Clients Funded
We Fund Staffing Everyday!
No Up Front Fees to Set up
Low Credit Score Accepted
Free Invoicing Software
18 Years In business
Fast Approval Process
No Financials Required
3 to 5 Day Initial Setup
Free Uploading Funding App

Quick And Simple Approval Process For Temp Staffing With Funding in 3-5 Days

As a business, having to wait months to be paid for your temporary staffing services can hugely affect your ability to meet payroll and pay taxes on time. In addition, the lack of cash flow prevents you from expanding your staffing agency and hiring new temporary employees. This situation can halt the growth and ability to take on big contracts. 1st Commercial Credit specializes in providing lending options for staffing companies and has an efficient and fast application and funding process.

Accounts receivable financing for Illinois businesses

Staffing factoring is a practical financial alternative for short-term or long-term financing needs for staffing firms of all sizes and stages. 

1st Commercial Credit is a company that factors receivables in the healthcare services industry. We understand the unique challenges faced by staffing firms in hospitals, medical clinics, nursing homes, and long-term care facilities.

We know that well-managed, profitable small and mid-sized staffing agencies will experience cash flow difficulties as they grow rapidly. This is why we strive to make the funding process for staffing agency loans easy and accessible. We will evaluate your company's needs and goals to choose a funding program that will fulfill all of your business needs. Once you've completed our short 2-page application form online and have been approved for a financing receivables program, we will pay you for the outstanding invoices within 24 hours. 

Companies That Can Benefit From Factoring Receivables For Staffing

1st Commercial Credit funds all temporary staffing agencies, regardless of industry, size, or time in business. We provide financial solutions for startup staffing companies and well-established staffing firms. We also have extensive experience providing medical staffing factoring for the healthcare industry. Receivable financing offers a reliable and consistent source of working capital to alleviate cash flow issues. Your company will now be able to cover pressing costs, manage growth, and take on new contracts and opportunities.

Factoring is an ideal funding option for businesses just starting up or for those companies who have had difficulties obtaining a traditional form of financing. For bank loans, time in business and ideal credit history is a must to qualify. When companies don’t fulfill these requirements, they will be turned down by banks and need to find an alternative form to finance their business. The good news is that with 1st Commercial Credit, you only need to have outstanding invoices from creditworthy customers, and approval takes 3 to 5 days.

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