Make payroll Friday. Get paid on net-60.
Staffing agencies pay workers every week and wait months for clients. Timecard Capital funds the gap — advancing up to 90% of your client invoices within 24 hours, underwritten on who owes you, not your credit score. 3 months in business, $20,000 in open invoices, no minimum FICO.
4-minute application. Checking your options does not affect your credit.
You pay your people weekly. Your clients pay you in 30, 60 or 90 days.
That is the whole business model of a staffing agency, and it is why growth hurts. Every new placement is another week of wages, payroll tax and workers’ comp that goes out the door before the first invoice comes back. Win a 40-person contract and you have just agreed to carry two months of someone else’s payroll.
Timecard Capital funds the invoice, not the agency. We advance up to 90% of each approved invoice within 24 hours and release the rest, less the fee, when your client pays. The credit decision is about the client who owes you — a hospital system, a distribution center, a manufacturer — so a young agency with strong clients qualifies, and the facility grows every time your invoicing does.
- Fund each week’s invoices within 24 hours of sending them
- Underwritten on your clients’ credit, not your FICO
- 3 months in business and $20,000 in open invoices to start
- Facility grows with your placements, up to $5,000,000
A $60,000 invoice on net-45, two ways
At an illustrative 2.5% per 30 days. Six weekly payrolls fit inside a 45-day wait; factoring turns the invoice into cash the week it is raised, so the next placement is funded by the last one. An illustration, not an offer.
Five ways to fund an agency.
Factoring covers the payroll gap. The other four cover everything else an agency needs capital for. The fastest money costs the most; the cheapest money takes the longest.
Invoice factoring
In‑houseFund every week’s invoices the day you send them. 3 months in business, $20K open invoices, no minimum FICO.
Invoice factoring →Payroll line of credit
In‑houseCover a payroll spike when a big client ramps up. Draw, repay, draw again. 600+ FICO.
Line of credit →Working capital
In‑houseRecruiters, a new branch, workers’ comp deposits. No minimum FICO, funded in 24 hours.
Working capital →Term loan
Bank partnersBuy another agency or its client book, or consolidate stacked advances into one monthly payment. 650+ FICO.
Term loan →SBA 7(a) & Express
SBA partnersThe lowest cost of capital available to an agency, if you have the time and the credit. 10% down, 680+ FICO.
SBA 7(a) & Express →See your numbers before you apply.
Move the sliders. These are the three numbers that matter when you factor an invoice — what lands in your account this week, what the fee is, and what comes back when your client pays.
Your estimate
A $60,000 invoice, 90% advanced, paid by your client at day 45.
- Advanced within 24 hours
- $54,000
- Factoring fee
- $2,250
- Released when your client pays
- $3,750
- Total you receive on the invoice
- $57,750
Estimates only, at an illustrative 2.5% per 30 days on the invoice face value, prorated by the day. Your real rate depends on your clients’ credit, your invoice volume and whether the facility is recourse or non-recourse. Nothing here is an offer.
Get my real offer →With JavaScript off, the default case still holds: a $60,000 invoice on net-45 terms, factored at 90%, means $54,000 advanced within 24 hours, a fee of $2,250 at an illustrative 2.5% per 30 days, and $3,750 released when your client pays. An illustration, not an offer. See disclosures.
What a staffing agency needs to qualify.
Every number below is a real criterion. Factoring is the product most agencies start with, so its minimums come first. If you clear these, apply. If you don’t, call us and we’ll tell you what would change it.
| Factoring minimums | 3 months in business, $20,000 in open B2B invoices, no minimum FICO. We underwrite your clients’ credit, not yours. |
|---|---|
| Factoring facility | Up to $5,000,000. Up to 90% of each approved invoice advanced within 24 hours; the balance, less the fee, released when your client pays. |
| Minimum monthly revenue | $15,000 in business bank deposits for working capital, a line of credit, term loans and SBA. |
| Minimum time in business | 6 months for working capital and other products. 3 months for factoring. |
| Minimum credit score | None for factoring or working capital. 600+ for a line of credit. 650+ for a term loan. 680+ for SBA. |
| Funding range | $10,000 to $2,000,000 for working capital. $25,000 to $500,000 for a line of credit. Up to $5,000,000 for term loans, SBA, and factoring facilities. |
| Time to a real offer | About 4 business hours on a complete file. |
| Time to funding | 24 hours. Same day if a clean file is signed before 11:00 AM ET. Once a factoring facility is open, each week’s invoices fund within 24 hours. |
| Documents required | Application plus your 3 most recent months of business bank statements (4 months if your placements are seasonal). For factoring, add your A/R aging, client list and sample invoices or timesheets. |
| Contract length | 2 pages. |
| Repayment | Factoring: your client pays the invoice and the reserve is released to you. Working capital: fixed daily or weekly ACH from your operating account. No split funding. No holdback percentage. No lockbox on working capital. |
| Prepayment discount | Up to 30% off the remaining cost of funding when a working capital advance is paid off within the first 30, 60, or 90 days. |
| Whose credit counts | Your clients’, on factoring. A hospital system, a distribution center or a Fortune-size employer owing you money is the strength of the file. |
| Agency types approved | Light industrial and warehouse, manufacturing and skilled trades, nurse and travel nurse, allied and home health, IT and engineering, clerical and administrative, accounting and finance, event and food-service, construction labor, driver and logistics, security guard, janitorial, education and substitute, and direct-hire or executive search firms with a contract division. |
| Not required | Collateral for working capital. A business plan. Tax returns under $500,000. A minimum headcount on assignment. A specific payroll, timekeeping or VMS platform. |
| Open to | U.S. businesses with a U.S. business bank account. All 50 states. |
Four minutes. Three bank statements. No credit impact to apply.
Fourteen kinds of staffing firm. One set of criteria.
If you place people and invoice a business for their hours, you are on this list.
- Light industrial & warehouse
- Manufacturing & skilled trades
- Nurse & travel nurse staffing
- Allied health & home health
- IT & engineering contractors
- Clerical & administrative
- Accounting & finance temps
- Event & food-service staffing
- Construction labor
- Driver & logistics staffing
- Security guard staffing
- Janitorial & facilities crews
- Education & substitute staffing
- Direct-hire & executive search
Send your A/R aging. Fund this week’s payroll.
Send your A/R aging and three statements
Four minutes of application, your client list, a few sample invoices or signed timesheets, and your three most recent months of business bank statements. No tax returns under $500,000.
We approve your clients
An underwriter reads the file and runs credit on the businesses that owe you. Their credit sets the limit, which is why a young agency can still qualify. Offer in about four business hours on a complete file.
Funded before payroll
A facility opens in 3 to 5 business days. From then on, send each week’s invoices and up to 90% lands in your account within 24 hours. A working capital advance signed before 11:00 AM ET generally funds the same day.
Built by people who have read a staffing agency’s A/R aging.
Your clients’ credit is the file.
A six-month-old agency with a hospital system on net-60 has a better receivable than a ten-year-old agency billing a dozen small shops on net-30. We underwrite the receivable. Your personal score does not set the factoring limit.
Growth is not a red flag to us.
Most lenders see a payroll that doubled in a quarter and read risk. We read a contract win. A factoring facility is sized to your invoicing, so a ramp-up raises your limit instead of tripping it.
Weekly rhythm, not a monthly close.
Timesheets close Friday, invoices go out Monday, funding lands within 24 hours of approval. There is no re-application per invoice and no waiting for a monthly review to draw.
A two-page contract you can actually read.
Advance rate, fee, reserve, what happens if a client pays late. Two pages. If something in it isn’t clear, ask on the phone and we’ll walk the line with you.
Questions staffing owners actually ask.
Can a staffing agency get funding with bad credit?
Yes. Timecard Capital has no minimum credit score for invoice factoring or working capital. On factoring we underwrite the credit of the clients who owe you — the hospital, the distribution center, the manufacturer — not your personal score. A line of credit needs 600+, a term loan 650+, and an SBA loan 680+.
How does payroll funding for a staffing agency actually work?
You place workers, they submit timesheets, you invoice the client on net-30 to net-90 terms. Instead of waiting for the client to pay, you send us the invoice and we advance up to 90% of it within 24 hours. When the client pays, we release the remaining balance less our fee. Payroll is covered on Friday out of invoices you sent this week.
How fast can a staffing agency get funded?
About four business hours to an offer on a complete file, and 24 hours to funding. A factoring facility opens in 3 to 5 business days; after that, each week’s invoices fund within 24 hours of approval. A working capital advance signed before 11:00 AM ET generally funds the same day.
What are the minimums for staffing factoring?
3 months in business, $20,000 in open, invoiced B2B receivables, and no minimum FICO. A facility can run up to $5,000,000, with up to 90% of each approved invoice advanced.
Can a new staffing agency qualify?
Yes, if it has been operating for 3 months and has at least $20,000 in open invoices to business clients. A new agency with one good client is often a stronger factoring file than an older agency with weak clients, because the client’s credit is what gets underwritten.
What does factoring cost a staffing agency?
The fee is a discount off the invoice, charged for the time the invoice is outstanding. On a $60,000 invoice at an illustrative 2.5% per 30 days, paid at day 45: $54,000 advanced within 24 hours, a $2,250 fee, and $3,750 released when the client pays. Your rate is set by your clients’ credit and your volume; this is an illustration, not an offer.
Do my clients find out I am factoring?
On a notification facility, yes — the remit-to address on your invoice changes, which is routine in staffing and does not change their net terms. Non-notification structures exist for larger accounts. We tell you which structure your receivables support before you sign.
Is factoring the same as a merchant cash advance?
No. Factoring is the sale of specific invoices; the money comes back when your client pays and there is no daily debit. A working capital advance is the purchase of a fixed amount of future receivables, repaid by a fixed daily or weekly ACH from your operating account. Timecard Capital offers both and will tell you which one fits the problem in front of you.
What documents do I need?
A four-minute application and your three most recent months of business bank statements — four if your placements are seasonal. For factoring, add an A/R aging report, your client list and a few sample invoices or signed timesheets. No tax returns under $500,000, no business plan, no collateral for working capital.
How much can a staffing agency borrow?
Timecard Capital funds factoring facilities up to $5,000,000, working capital from $10,000 to $2,000,000, lines of credit from $25,000 to $500,000, and term loans and SBA 7(a) from $50,000 to $5,000,000. Factoring limits grow with your invoicing rather than with your balance sheet.
Friday is coming. Fund it out of this week’s invoices.
Up to 90% advanced within 24 hours. No minimum FICO. Four minutes to apply.
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