Fourteen kinds of staffing firm. One set of criteria.
Timecard Capital funds every category of staffing and recruiting agency that places people and invoices a business for their hours — including construction labor and healthcare travel staffing, which many lenders decline on sight. The criteria are the same for all of them: 3 months in business and $20,000 in open invoices for factoring with no minimum credit score; $15,000 a month in deposits and 6 months in business for working capital.
- 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
Light industrial & warehouse
Pickers, packers, forklift operators, assembly and general labor placed by the shift.
- Cash cycle
- Weekly payroll for high headcounts at modest bill rates. Distribution and 3PL clients commonly pay net-45 to net-60, and a single account can be a third of your billing.
- What fits
- Factoring first: the invoice volume is weekly and the clients are creditworthy. A line of credit for onboarding surges and seasonal peaks.
Manufacturing & skilled trades
Machine operators, welders, CNC, maintenance techs and temp-to-hire production staff.
- Cash cycle
- Longer assignments and higher bill rates than general labor, usually billed weekly or bi-weekly. Plants pay on their AP cycle, often net-60, and will not shorten it for a vendor.
- What fits
- Factoring on the plant invoices; working capital for the certifications, tooling and PPE a new account requires.
Nurse & travel nurse staffing
RNs, LPNs and travel nurses on 8- to 13-week contracts with hospital systems and facilities.
- Cash cycle
- The widest gap in staffing. Travel nurses are paid weekly with stipends; hospital systems pay net-60 to net-90, frequently through a vendor-management system that adds its own cycle. One contract can be $150,000 of receivables.
- What fits
- Factoring is built for this. Hospital systems are strong obligors, so the limit is large and the agency’s own balance sheet matters less.
Allied health & home health
Therapists, techs, CNAs, home health aides and hospice staff placed with agencies, facilities and payers.
- Cash cycle
- A mix of facility clients on net terms and, for home health, payer reimbursement with its own lag. Weekly pay to caregivers regardless.
- What fits
- Factor the facility and agency invoices. Payer-reimbursed receivables are reviewed case by case; ask before you apply.
IT & engineering contractors
Developers, engineers, project managers and consultants on contract through a client or an MSP.
- Cash cycle
- High bill rates, monthly or semi-monthly invoicing, and large enterprise or MSP clients on net-45 to net-90. A handful of contractors can mean a six-figure invoice.
- What fits
- Factoring sized to the enterprise client’s credit. A term loan or SBA for acquiring a boutique firm or its contractor bench.
Clerical & administrative
Receptionists, data entry, customer service and office support on temp and temp-to-hire.
- Cash cycle
- Lower bill rates and shorter assignments, billed weekly to a broad spread of small and mid-size clients. Payment terms vary account by account.
- What fits
- Factor the slower accounts and leave the fast ones. Working capital for recruiting and a second desk.
Accounting & finance temps
Bookkeepers, AP/AR clerks, staff accountants and interim controllers, often seasonal around tax and audit.
- Cash cycle
- Strongly seasonal: January through April runs hot, summer is quiet. Clients are professional firms and corporate finance departments on net-30 to net-45.
- What fits
- A line of credit opened before the season, drawn in January, repaid by May. Factoring for the corporate accounts.
Event & food-service staffing
Servers, bartenders, kitchen staff, stadium and convention crews placed per event or per season.
- Cash cycle
- Lumpy, calendar-driven billing to venues, caterers and corporate clients, with weekly pay to a large roster. A big weekend can double the week’s payroll.
- What fits
- Factoring on the venue and corporate invoices; a line for the pre-season ramp and uniform and badge costs.
Construction labor
Laborers, skilled trades and site support placed with general contractors and subs.
- Cash cycle
- Contractors pay on their draw schedule, which can mean net-60 or longer, and retainage is common. Weekly certified payroll on prevailing-wage work. Most lenders decline the category on sight.
- What fits
- Approved here. Factoring on contractor invoices with retainage treated separately; working capital for bonding and insurance deposits.
Driver & logistics staffing
CDL drivers, yard jockeys and warehouse logistics staff placed with carriers, shippers and 3PLs.
- Cash cycle
- Weekly driver pay against carrier and shipper clients that pay net-30 to net-60. DOT compliance, drug testing and onboarding costs land before the first invoice.
- What fits
- Factoring on the shipper invoices. Working capital for compliance and onboarding when a new lane opens.
Security guard staffing
Licensed guards, event security and facility officers on recurring contracts.
- Cash cycle
- Recurring monthly contracts with property managers, venues and institutions on net-30 to net-60. Payroll is weekly or bi-weekly; licensing and uniforms are up front.
- What fits
- Factoring works well on the recurring contracts. Working capital for licensing, uniforms and a new site’s first month.
Janitorial & facilities crews
Cleaning and facilities crews placed on commercial contracts, often overnight and recurring.
- Cash cycle
- Monthly contract billing to property managers and corporate facilities on net-30 to net-45, against weekly or bi-weekly crew pay and up-front supplies and machines.
- What fits
- Factoring on the contract invoices; a line for supplies and a new building’s start-up costs.
Education & substitute staffing
Substitute teachers, paraprofessionals and school support staff placed with districts and charters.
- Cash cycle
- School districts are reliable but slow, often net-60 and tied to board approval cycles. Billing follows the academic calendar: nothing in July, everything in October.
- What fits
- Factoring on district invoices, which are strong receivables. A line opened in spring for the August ramp.
Direct-hire & executive search
Permanent placement and retained search firms, often with a growing contract or contract-to-hire division.
- Cash cycle
- Placement fees are earned at start date and usually carry a 60- to 90-day guarantee, so they are lumpy and conditional. A contract division adds weekly payroll against net-30+ invoices.
- What fits
- Factor the contract division. Working capital or a line for the search side, where fees are not factorable until the guarantee period runs.
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.
Questions by agency type.
Do you fund nurse and travel nurse staffing agencies?
Yes. Healthcare staffing is the category with the widest payroll gap — weekly pay to nurses against net-60 to net-90 from hospital systems, often through a VMS — and it is the category factoring was built for. Timecard Capital underwrites the hospital system’s credit, so a young agency with one good contract qualifies.
Do you fund construction labor staffing?
Yes. Most lenders decline construction staffing on sight because of draw-schedule payment terms and retainage. We factor contractor invoices with retainage treated separately, and fund working capital for bonding and insurance deposits.
Are the criteria different by agency type?
No. The same criteria apply to all fourteen types: 3 months in business and $20,000 in open invoices for factoring with no minimum FICO; $15,000 a month in deposits and 6 months in business for working capital. What changes by type is which product fits and how the facility is structured.
Can a direct-hire or executive search firm use factoring?
Only on a contract or contract-to-hire division with ongoing invoicing. A placement fee that is still inside its guarantee period is contingent and cannot be factored. For the search side, working capital or a line of credit fits.
My agency bills through a vendor-management system. Does that matter?
No. VMS and MSP programs pay on their own cycle, which often lengthens the wait, but the obligor is still the end client or the MSP, and both are underwritten as receivables. Tell us which program it is when you apply.
My agency is seasonal. Does that hurt me?
No. Tax-season accounting temps, summer event crews and the August school ramp are all normal shapes. For working capital we size the payment against your slowest month, so send four months of statements rather than three. For factoring, seasonality does not matter at all — the facility follows your invoicing.
Your category is on the list.
Including the two most lenders decline. 3 months in business, $20,000 in open invoices, no minimum FICO for factoring.