A line that’s there on onboarding week because you opened it before the contract.
Timecard Capital opens staffing agency lines of credit from $25,000 to $500,000, with draws repaid over 6 to 24 months, a 600 minimum FICO, 12 months in business, and $25,000 a month in deposits. You pay only on what you draw. Open in 1 to 3 business days, and same-day on draws once the line is open.
What are the criteria?
Line of credit — criteria
- Line size
- $25,000 – $500,000
- Draw repayment
- 6 – 24 months per draw
- Minimum credit score
- 600
- Minimum time in business
- 12 months
- Minimum monthly deposits
- $25,000
- Documents
- Application + 3 months of business bank statements
- Cost
- Charged only on the drawn balance. No cost on an unused line.
- Draw speed
- Same business day once the line is open
- Maintenance fee
- None
- Line review
- Every 6 months; lines grow with deposit history
- Initial setup
- 1 – 3 business days
- Underwritten
- In-house by Timecard Capital
Why is a line the right product for a payroll spike?
A working capital advance is a single event: you take the money, you repay it, it’s done. A line is a tool you keep. Open it when the statements look their best — a steady quarter with clients paying on time — then draw against it the week a new contract puts forty people on payroll before a single invoice is approved.
That ordering matters in staffing more than most industries. The worst time to go looking for capital is the Thursday before the first payroll on a contract you just won, with a bank that wants two years of financials.
Open the line before you sign the client.
An unused line costs nothing. There is no maintenance fee and no cost on an undrawn balance. You are charged only on what you actually draw.
Lines are reviewed every 6 months and grow with deposit history. Once the line is open, a draw lands the same business day.
Is the money you need always sitting in unpaid invoices? Invoice factoring has no credit minimum and scales with your billing. Already carrying an advance? A term loan is the consolidation path. Call and we will tell you which one fits before you apply.
What do staffing agencies draw a line of credit for?
| Draw | Why a line fits |
|---|---|
| Onboarding a large contract | Screens, orientation pay and PPE for a whole crew go out before the first invoice is even raised. |
| First two payrolls on a new net-60 client | Bridges the gap until the facility or the client’s first payment catches up. |
| A client that slipped from net-30 to net-75 | One late payer should not put payroll on a credit card. |
| Seasonal ramp | Tax-season accounting temps, summer event crews, holiday warehouse surges — draw, bill, repay, draw again next year. |
| A workers’ comp deposit or premium audit true-up | Lumpy, unavoidable, and timed to the carrier’s calendar rather than yours. |
If your draws are always against invoices your clients haven’t paid yet, compare invoice factoring — it is usually cheaper for that exact pattern and has no credit minimum.
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.
Line of credit questions, answered.
What does an unused line cost?
Nothing. There is no maintenance fee and no cost on an undrawn balance. Timecard Capital charges only on what you actually draw, which is why agencies open the line before the big contract starts and leave it sitting until onboarding week.
How fast is a draw?
Same business day once the line is open. Initial setup takes 1 to 3 business days.
Should I get a line of credit or factoring?
If the cash you need is always sitting in unpaid invoices, factoring is usually cheaper and grows with your billing. If you need a cushion for costs that aren’t tied to an invoice — onboarding, a deposit, a slow month — a line fits. Many agencies run both. Read the comparison.
What credit score do I need?
600 or higher, with 12 months in business and $25,000 a month in deposits. If you are under that, factoring has no minimum score and working capital has none either.
Does the line grow?
Lines are reviewed every 6 months and grow with deposit history. An agency that opened at $50,000 and has doubled its billing is reviewed on the new numbers.
Open it before the contract. Draw it on onboarding week.
$25,000 to $500,000, 600+ FICO, no cost on an unused line. Open in 1 to 3 business days.