Working capital for a staffing agency, funded in 24 hours.
Timecard Capital funds staffing agency working capital from $10,000 to $2,000,000 over 3 to 18 months, with no minimum credit score, $15,000 a month in bank deposits, and 6 months in business. Offer in about four business hours. Money in 24. Repayment is a fixed daily or weekly ACH out of your operating account — never a percentage of your receivables.
What are the criteria?
Working capital — criteria
- Amount
- $10,000 – $2,000,000
- Term
- 3 – 18 months
- Typical approval size
- 75% – 150% of one month’s bank deposits
- Minimum credit score
- None
- Minimum time in business
- 6 months
- Minimum monthly deposits
- $15,000
- Documents
- Application + 3 months of business bank statements (4 months if your placements are seasonal)
- Repayment
- Fixed daily (Mon–Fri) or weekly ACH. No split funding, no holdback.
- Collateral
- None. Personal guarantee required.
- Prepayment discount
- Up to 30% of the remaining cost of funding at 30, 60, or 90 days
- Offer
- ~4 business hours · Funding 24 hours
- Underwritten
- In-house by Timecard Capital
Figures on this page are representative, not an offer. See disclosures.
What do staffing agencies actually use working capital for?
Hiring recruiters before the placements pay for them
A recruiter takes a quarter to fill a desk. Salary, job-board spend and a laptop go out before the first bill rate comes in.
Term: 6 to 12 monthsA workers’ comp deposit or a payroll-tax bill
A new carrier wants a deposit up front, or a quarterly 941 lands bigger than the forecast. Deadlines that do not care when your clients pay.
Funded same dayOpening a branch in the next market
A lease, furniture, a local recruiter and the first months of carrying a new office before it bills.
Term: 12 to 18 monthsOnboarding a large contract
Drug screens, background checks, PPE, badges and orientation pay for fifty people before a single timesheet is approved. If this is a pattern, factoring is the cheaper structure.
Term: 3 to 9 monthsA client that paid late and broke the cycle
One net-60 account slipping to 95 days can put two payrolls on a credit card. A short advance resets it; a facility stops it recurring.
Term: 3 to 6 monthsSoftware, compliance and credentialing
An ATS, a timekeeping platform, E-Verify and licensing audits for a healthcare division. Revenue-adding, too small to justify a term loan’s paperwork.
Term: 6 to 12 monthsWhat does a working capital advance cost?
A working capital advance is priced as a fixed total payback, not an interest rate. You will see three numbers before you sign: the amount funded, the total you repay, and the payment.
Pay it off inside the first 90 days and you keep up to 30% of the remaining cost. Pay it off inside the first 30 and the discount is at its largest. Your actual numbers depend on underwriting your statements. Nothing on this page is an offer.
Representative file — $150,000 over 12 months
- Amount funded
- $150,000
- Total payback
- $190,500
- Cost of funding
- $40,500
- Daily payment
- $756 across 21 business days per month
- Weekly payment
- $3,664
- Paid off in the first 30 days
- You keep up to $12,150 of the remaining cost
- Status
- An illustration, not an offer
How do you read a staffing agency’s bank statements?
We’re looking at five things, and it helps to know them before you send.
- Average daily balance. More important than your top line. An agency that never dips under a month of payroll is a stronger file than one twice its size that lives at zero the day before the client pays.
- Deposit rhythm. Client payments in staffing are lumpy by nature — a few large ACHs a month, not daily card settlements. We read the pattern, not the count.
- NSFs. A couple in 90 days around a late-paying client is understood. A payroll bounce is not.
- Your floor, not your average. We size the payment against your slowest month in the window. If your placements are seasonal — tax-season accounting temps, summer event staff — send four months, not three.
- Existing positions and liens. If you have advances out or a UCC filed by a factor or bank, tell us up front. We’d rather structure around them than discover them — often with a term loan consolidation.
Daily or weekly?
Weekly
Suits an agency whose client payments arrive in a few large deposits a month — one debit against the week, set to land after your typical payment day.
The common choice in staffing, where cash comes in on net terms rather than daily.
Daily
Suits an agency with many clients paying on different cycles and a steady balance through the week. Usually prices better than weekly for the same file.
Debits run on business days only. Weekends and bank holidays are skipped.
Ask for the one that matches your deposit rhythm. You pick at signing, not after. If the payment stops working later, call us and we re-term it — see responsible funding practice.
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.
Working capital questions, answered.
Can a staffing agency get working capital with bad credit?
Yes. Timecard Capital has no minimum credit score for a working capital advance. We underwrite your business bank statements — deposit volume, average daily balance, NSF pattern, and month-to-month consistency. Approvals generally land between 75% and 150% of one month’s deposits.
How is this different from factoring?
Factoring funds specific invoices and is repaid when your client pays. A working capital advance is a fixed amount repaid by a fixed daily or weekly ACH regardless of when clients pay. Use factoring for the payroll gap; use working capital for costs that aren’t tied to an invoice, like recruiters, a new office or a deposit.
How fast is it?
Offer in about four business hours on a complete file. Funded in 24 hours. A clean file signed before 11:00 AM ET generally funds the same day.
What does a $150,000 advance cost?
A $150,000 working capital advance over 12 months has a total payback of $190,500, a cost of funding of $40,500, a daily payment of $756 across 21 business days a month, or a weekly payment of $3,664. Paid off inside the first 30 days, you keep up to $12,150 of the remaining cost. An illustration, not an offer.
What happens if I pay it off early?
You keep up to 30% of the remaining cost of funding. An advance paid off inside the first 30, 60 or 90 days qualifies for the prepayment discount.
Do you take a percentage of my receivables?
No. Repayment is a fixed daily or weekly ACH from your operating account. No split funding, no holdback percentage, no lockbox. The number is set at signing and does not move with your invoicing.
Recruiters, a branch, a deposit. Funded in 24 hours.
$10,000 to $2,000,000, no minimum FICO, fixed daily or weekly ACH. Up to 30% off the remaining cost if you pay it off early.