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Financing Medical Staffing Agencies
Financing Medical Staffing Agencies
Over 3,600+ clients funded
No up front fees to set up
No financial required
Funding in 3-5 days
Do You Need Money For Payroll Now?
Rates at
0.69% to 1.59%
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We Lend MORE Than The Bank

Financing Medical Staffing Agencies

Do You Need Money For Payroll Now?
Request a quote
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$210,000
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$100,000
Small Fleet Trucking Company
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$350,000

Industrial Temporary Staffing Agency
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$650,000

Invoice Factoring For Cyber Security Company

Medical Staffing Invoice Factoring Services

Providing Invoice Factoring and Receivable Financing to Medical Staffing Agencies Nationwide.

Is your medical staffing agency growing faster than your operating capital? Bank Credit Lines and Cash Flow for your business are not easy to obtain nowadays. We understand that every business, even yours, needs a steady flow of cash to grow and accommodate larger customers. That's what we do. We supply medical staffing agencies account receivable funding.

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 evaluate your business and make an approval the same day. The approval process is simple and we can move as fast as you can.

Staffing Financing Rates at 0.69% to 1.59%
20+ 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 3,600+ Clients Funded
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
20+ years in business
No Financials Required
No up-front fees - No hidden fees
We Make Same Day Decisions
Free Staffing Software Invoicing/Funding

Nurse Registry (Medical) Temp Staffing Receivables Factoring

We currently can establish invoice factoring for temporary employment staffing agencies for as little as $10,000 to $10 million a month volume.

Temp-Staffing businesses generate commercial receivables and fall under our commercial receivables program as long as the receivables are not owed by Medicare, Medicaid or individuals.

Newly formed staffing agencies have unlimited access to working capital with 1st Commercial Credit. As your sales grow and you place more associates out in the field, your credit line grows in proportion to your revenue stream.

Our funding covers payroll and 941 obligations every week so as a staffing agency owner, you wont have to worry about covering those expenses due to cash flow shortages.

Nurse Staffing Agency

1st Commercial Credit Funds Medical Staffing Agencies Everyday!

Request A Callback Today!
Receivable Financing Rates
From 0.69% to 1.59%
◽️
Quick Approval Process!
◽️
Easy Set-Up in 3 to 5 Days.
◽️
No Financials up to $350k.
◽️
Over 20+ years in business.
Schedule A Callback

What Is Needed to Fund A Medical Staffing agency?

1st Commercial Credit offers a very simple process for medical staffing agencies compared to other factoring companies.

Once you set up your account in about 3 to 5 working days you can start funding invoices.
Upload invoices with time sheets of completed services.
The invoice is verified and funded.
Advances are usually 90% and the balance is called the "Reserve".
Payment of the invoices are made directly to us from your customers.
Once received, the reserve is paid to you minus the discount fee.
At your option, the funds are sent via wire transfer or ACH.
Credit approval for new accounts is easy.

Most of Our Medical Staffing Clients Are Either:

Fast growing locum tenen companies are declined at the bank.
Start-up operations with no financing base to rely upon.
Companies with seasonal or uneven sales patterns.
Principles with bad credit and cannot obtain traditional financing.
Travel nurses that work out of a home office.

Some Temp Medical Staffing Agencies We Worked With

We funded $2 Million in accounts receivable funding for a traveling nurse staffing agency. 1st Commercial Credit gave the staffing agency for traveling nurses the opportunity to capitalize on outstanding invoices as collateral. In addition, the provided accounts receivable funding line of credit allowed the client to have access to fast cash used to fund payroll and increase cash flow during a growing demand during the COVID-19 pandemic. We have experience providing accounts receivable funding lines of credit for travel nurse staffing agencies and can make prompt funding decisions.

financing medical staffing agencies

In this particular case, our client worked with a franchise-type arrangement for the past three years but decided to stop working with them due to disagreements and poor performance on the franchise side.

The traveling nurse staffing agency then decided to contact 1st Commercial Credit and begin a receivable financing relationship to gain additional working capital for payroll funding. This financing solution allowed the client to simultaneously take on three different contracts to help cease the high demand for nurses in pandemic hotspots such as New York, California, and New Jersey. 1st Commercial Credit provided $2,000,000 in receivables, with a 90% advance of the total value of the invoices. It also facilitated $200,000 in a revolving line for payroll funding needs in the future in a separate transaction.

Additionally, 1st Commercial Credit recently offered receivable financing for a respiratory staffing agency. This particular client is a small temporary staffing agency that specializes in providing respiratory therapy. This staffing agency had begun operations recently and had a minimal number of nurses on call due to being self-financed. However, due to the COVID 19 pandemic, the agency got many calls for respiratory therapy services. We stepped in and provided the funding necessary so our client could offer its services while covering payroll. It also allowed them to hire extra nurses and employees specialized in this field to provide their services to more clients.

1st Commercial Credit is a specialized lending company providing a variety of financial solutions for medical staffing agencies.

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