Staffing Services Funding
The staffing services industry is projected to grow at an average rate of 4.2% per year. Provide your clients with the best staffing service with up to $500,0000 in funding from NextGen Capital® as fast as 24 hours.
Fast Staffing Services Funding You Can Trust
Businesses of all sizes rely on staffing services to fill short-term and long-term positions vacancies quickly and effectively, including in niche areas or specific populations such as veterans or people with disabilities.
The Small Business Administration and commercial banks often consider staffing agencies “high-risk” because of high turnover rates and unpredictable revenue streams based on the hours employees work. While you’re waiting for funding, your clients may suffer and valuable opportunities for growth can be lost.
With a streamlined online application, fast turnaround, and flexible approval requirements, Greenbox Capital® can approve more staffing agency funding than traditional lenders. We can also approve funding faster, with funds deposited in as little as one business day. We provide multiple types of staffing agency funding to help grow your business, with funding from as low as $3,000 up to $500,000 and no restrictions on how you can use your funds. We fund all staffing businesses, including recruitment agencies, contract-to-hire businesses, and more.
Staffing Services Funding Solutions
will help you achieve your goals without compromising your business’s cash flow.
Merchant Cash Advance
You get working capital when you need it. We’ll receive a percentage of your daily or weekly credit card sales until the advance is repaid.
Invoice Factoring
Sell us your pending invoices in exchange for the net amount in cash. You’ll receive the balance of the invoices’ value when we receive payment (minus our fee).
Collateral Loan
A secured loan that uses commercial real estate to reduce risk. Because the loan is secured, you may be approved for larger loan amounts with lower rates and fees.
Business Line of Credit
Borrow as much or as little as you need without the obligation of a fixed term loan. Draw and repay as you go, and only ever pay interest on the amount you've borrowed.
How To Use Staffing Services Funding
There are no restrictions on how you can use funds from NextGen Capital. Staffing agency funding is ideal for supporting your business’ working capital, placing more workers, and providing the high level of service that your staffing agency requires. Use your funding to:
- Develop or enhance services
- Purchase necessary equipment and devices that help patients communicate with caregivers
- Hire and train staff to provide high-quality care
- Expand your geographic reach by increasing your marketing efforts
- Hiring additional personnel in new areas of operation
- Obtain proper licenses and certifications
- Develop an online booking system for your services that can be accessed at any time
Will You Qualify for Staffing Services Funding?
Exact qualification requirements depend on the type of staffing services funding you are seeking. Approval for staffing services funding from NextGen Capital isn’t based solely on your credit score or financial history. We focus on the overall health of your business, including:
- Business revenue
- Cash flow
- Vendor payment history
- Years in business
- Public records
How Staffing Services Funding Works
Staffing Services Funding Q & A
You can get funding for a staffing agency from traditional lenders like the SBA or a bank, as well as from alternative lenders like NextGen Capital. Alternative lenders have more flexible approval requirements that consider the overall health and potential of your business—not just your credit score—and offer revenue-based financing options that are more ideal for businesses with lower credit scores, such as merchant cash advances. Contact one of our Funding Advisors to learn more.
Traditional lenders can take weeks or months to review and approve your loan application. If you’re looking for a way to streamline your cash flow, as an alternative lender, we have different approval requirements and can approve funding for a staffing services business. We can provide you with the funds you need to cover project expenses, operating costs, and more, often in less than 24 hours.
There are many ways you could use your funding. Some uses of funding for staffing services could include covering the costs of recruiting and onboarding new employees, paying for office space, and covering marketing expenses. In addition, funding can be used to improve the quality of your services by investing in new technology or training staff members to better meet the needs of your clients. Make sure to consult with one of our Funding Advisors to ensure you are using your funding in the most efficient and effective way possible
There are no restrictions on how your funds can be used. We have a very simple application process, with same-day funding available. To get started, fill out our one-page application form or speak with a Funding Advisor.
