Funding for Staffing Companies & Agencies

Business Funding for Staffing

Seacoast Business Funding provides funding for staffing companies with the working capital needed to grow their businesses through our invoice purchasing and asset-based lending solutions.  Unlike most funders, we understand the nuances of the staffing industry.  Whether it’s the healthcare, IT/technology, light industrial or security sector, our experienced team helps our clients overcome the challenges of:

  • Slow debt turn
  • Complex reverse billing procedures
  • Managed service providers
  • Competitive margin relationships
  • Unbilled A/R requirements

It’s stressful having to pay employees weekly and waiting 30-60 days for payment from your clients.  But when your clients push their payments out past 60 days to 90 or 120 days, or sometimes even more, we know how that cash flow restriction limits your firm’s ability to grow.

Custom Payroll Funding Solutions for Staffing Companies

We have over 30 years of experience in providing payroll funding for staffing agencies. Our deep understanding of the staffing industry allows us to create individualized working capital solutions for your staffing firm. Unlike other funders, at Seacoast you deal directly with decision-makers enabling us to approve and fund our staffing prospects quickly.

Our policy of upfront disclosures and transparent processes has allowed us to maintain long-term relationships with our clients.  With a reliable funding partner in place, your staffing company can count on us to meet your evolving financial needs.

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    Use Invoice Factoring to Keep Your Staffing Business Running

    Seacoast Business Funding’s invoice purchasing (factoring) and asset-based lending solutions not only provide businesses with the working capital needed to thrive, but we expedite your receivables processing which accelerates your debt turn.

    Benefits of Using Seacoast to Support Your Staffing Company’s Cash Flow Needs

    When you choose Seacoast as your payroll funder, take advantage of a number of benefits including:

    Higher Advance Rates

    • Although each factor varies in terms of their advance rates, Seacoast Business Funding has the ability to advance rates up to 95%.*

    Credit Based on Customers

    • Traditional lenders base the creditworthiness of a staffing agency on the business’s owner. On the other hand, factoring and asset-based lending are based on the credit of their customers.

    Lower Fees

    • The fees associated with factoring and asset-based lending are much lower than those for credit cards or merchant cash advances.

    Scalability

    • Factoring extends credit lines faster than traditional financing, and the right partner can scale with you as your business grows.

    And…

    • Ability to accommodate high concentrations
    • Unbilled A/R availability

    *Based upon the creditworthiness of B2B accounts receivable.

    Run Your Business Smoothly

    You will be able to cover employee payroll and operational expenses, advertise to fill open contracts, overcome unpredictable business cycles, and invest in the future growth of your business.

    Our solutions are designed to solve problems unique to your business, as relevant to your industry, your experience, and your clientele. If you are looking for staffing agency financing, we will work with you to find the perfect answer.

    Fast Funding and Easy Applications

    Unlike traditional lending, you do not have to spend months gathering documents and hoping that your credit meets the difficult terms. Get the financing you need hassle-free by putting you directly in touch with our decision-makers from the start. This means getting the working capital you need faster than ever.

    " Seacoast has been an exceptional funding partner. We have been with them since we started our business and they have supported our growth throughout the years. We truly value our relationship. "

    CFO, IT/Tech Staffing Firm

    We’re Always Here for Your Staffing Agency

    With a dedicated support team, we’re always here to help. Whether you have questions before you apply for funding for your staffing agency or want to learn more about our reliable financing solutions, we are always on hand to assist you. We can tailor our approach to your knowledge and experience, so you will always understand what you can expect from us.

    We build long-lasting strategic financial partnerships with our staffing clients to help you successfully maintain and grow your business. One look at our success stories demonstrates our commitment to your long-term business goals.

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