Financing Temp Staffing Agencies

Do you need a line of credit for payroll now?

Over 18 Years in Business

Recent Transactions

invoice factoring for a industrial temporary staffing agency in texas

$350,000

Staffing Light Industrial

invoice factoring for a staffing agency - oil filed services

$500,000

Staffing Oil Field Service

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

Financing 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.

Staffing Agencies Tap Into A Flexible Source of Funding

Flexible Approvals with our Invoice Factoring Funding

Financing Temporary Staffing Agencies
1st Commercial Credit provides Invoice Factoring & Asset Based Lending for Temporary Staffing Agencies

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.

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Why Do Staffing Agencies Choose Us?

Accounts Receivable Financing is our Business.

  • Financing Rates at 0.69% - 1.59%
  • 18+ years in business
  • Set up in 3 to 5 working days
  • No Financials Required
  • $10,000 & up to $10 million Facilities
  • No up-front fees - No hidden fees
  • No facility fees - No Audit Fees
  • We Make Same Day Decisions
  • No Monthly Minimums
  • 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.

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.

See More:

Medical Staffing Invoice Factoring and Loans

Lending options for staffing companies

What kind of Lending Companies help Staffing Companies

10 Mistakes to Avoid During the Start-Up Stage of Your Temp Staffing Agency

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

1st Commercial Credit Provides Asset Based Lending, Purchase Order Financing and Factoring to all States:

Select your state to learn more about how 1st Commercial Credit can help!

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