Working Capital for Staffing Firms
At Advance Partners, we offer up to $15 million in commercial finance upfront, so you have the working capital you need to manage and grow your temporary staffing firm. We understand staffing and know that your working capital needs can increase or decrease dramatically week to week and month to month. With Advance, you’ll get the flexibility you need to pay your employees on time without the scrutiny and credit limits you would get from a bank with a traditional line of credit (LOC).
Benefits of Commercial Finance:
- Working capital facilities ranging from $2 to $15 million
- Advance rates between 80 and 100 percent upfront or on-demand variable advance rates (depending on service level and business needs)
- Competitive rates and pricing structure
- Flexible contract terms
Commercial Finance facilities include all revenue cycle support and treasury management services including:
- Weekly electronic funds transfers
- Detailed management reports
- 24/7 access to online reporting
- Automated secure lockbox, so your payments post faster
- Credit research
- A/R and collections management
- Cash receipt and application
Clients who sign on for working capital at Advance also gain access to personalized strategic support from our team of industry leaders.
To learn more about working capital from Advance, request a free consultation today.