Financing Staffing Firms

Meeting staffing payroll during growth can be a challenge. 1st Commercial Credit can help you grow your company with unlimited payroll funding , whether you're a start up or a multi-million dollar operation. Call us now 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 factoring credit lines to new staffing companies with minimal funding needs and up to $10 million for large staffing agencies.

Temp-Staffing Receivable Financing - Receivable financing rates at 1.59 for 30 days. - No financials - No monthly minimums - No invoice minimums - No facility fees - No audits - No up-front fees - No hidden fees - Set up account in 3 to 5 working days - 24 hr funding thereafter - Receivable credit lines starting at $5,000 & up to $10 million - Customer referrals upon your request WE MAKE SAME DAY DECISIONS!

We Make Receivable Finance a Simple Process! A two page application An accounts receivable aging report A customer list with credit limit request Copy of articles of Incorporation or DBA filing Rate confirmation agreement Invoices to factor That's It, its that simple: View Recent Transactions Most of our clients are either: experiencing cash flow shortages due to a slow turnover in accounts receivable fast growing companies whose past earnings and sales histories will not justify traditional bank loan financing start-up businesses with no financing base companies with seasonal or uneven sales patterns principals with good or bad credit and cannot obtain traditional financing have lost their line of credit due to covenant violations

Financing the Staffing Industry

Is your business growing faster than your operating capital?

At 1st Commercial Credit, our accounts receivable financing service is a flexible source of funds for 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 $5,000 a month and up to $10 million for larger companies.
and see if this financial method will work for your business.

What kind of staffing companies come to us for funding?

• Young companies experiencing growth and need cash today. In most cases they have been turned down by traditional banks.

• Mature companies that have capped their working credit line established by a bank and need more leverage.

• Companies that are experiencing lack of service from another factoring company.

Financing Staffing firm Invoices for as little as $5,000 a month and up to 10 million for larger companies.

• 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.

• Start up staffing companies welcomed.

Why do Staffing firms benefit by financing account receivables with us?

• The use of back-office support for collections and mailing out your invoices sometimes offset the financing fees or decrease internal overhead related cost.

• Free credit analysis and collection assistance to prevent bad debt.

• Free Reports and statements of your account status via internet.

• Optional full service available with payroll and tax services.

What is needed to finance an Employment Staffing and IT Consulting Firms.

1. You send the original invoices with proof of performance (time sheets). The service must be performed before funding.

2. The invoice is verified and then the advance is funded, typically 90% of the invoice depending on the credit worthiness of your customers. Funds will be advanced within 24hrs. following verification of the invoices. This is usually completed the same day that they are received. The balance of the advance is called the "Reserve". The reserve is held back until the customer pays the invoice in full.

3. Payment of the invoices are made directly to us from your customers. Once received, the reserve is paid to you minus the discount fee.

4. At your option, the funds are sent via wire transfer, ACH or check.

5. Credit approval for new accounts is easy. All is needed is the name and address of the customer.

6. Due diligence of liens and pending lawsuits of your company will be performed prior to funding.

We service the following Staffing Industries.

• 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 - Quality Control - Quality Assurance

  • Plastic Injection Molding

  • Warehouse distribution

  • Skilled - Unskilled Labor

  • Light Industrial - Machine Operators

  • Fork Lift Operators - Loaders /Unloaders

  • Electronics Assembly - Packers