Payroll runs ahead of cash
Contractors are paid weekly while clients pay on 30, 45 or 60 day terms, so growth widens the gap every week.
Staffing & Workforce Solutions
Line of credit for staffing companies
Staffing firms pay their people every week and get paid every month or two. A non-notified accounts receivable line turns placements you have already billed into payroll cash, without your clients ever hearing from a lender.
At a glance
VelocityLOC for Staffing & Workforce Solutions
- Facility size
- $2.5M to $25M+
- Advance rate
- Up to 85% of eligible receivables
- Customer notification
- None
- Proposal
- Within 48 hours of a complete file
- Case studies
- 2 in this sector
Terms are structured around each business and subject to underwriting.
The challenge
Where working capital gets stuck
One client dominates
Enterprise and MSP programs often account for most receivables, and banks cap single-customer exposure.
Hiring before invoicing
A new project can mean dozens of specialists on payroll before the first invoice is even issued.
How InterNex helps
A line of credit built around how you bill
Your customers keep paying you exactly as they do today. We lend against what they owe you.
- Advances of up to 85% of eligible receivables, with draws funded the same day.
- Concentration in investment-grade clients considered, up to 100% in the right case.
- Non-notified, so MSP and enterprise clients see no change to how they pay you.
- Term loans alongside the line to fund the start-up costs of a large new placement.
Case studies
Staffing & Workforce Solutions facilities we have put in place
Staffing & Workforce Solutions Dallas, Texas
$3MM
Non-Notified Revolving Line of Credit
Flexible Working Capital for an Established IT Staffing Firm
A well-established technology staffing firm generating approximately $20MM in annual revenue needed a more flexible working capital solution to support extended payment terms, project-based billing and a complex capital structure.
Staffing & Workforce Solutions Greer, South Carolina
$2MM
Non-Notified Revolving Line of Credit
Supporting Technical Staffing for Infrastructure Projects
A technical staffing and civil engineering consulting firm with one dominant, investment-grade customer needed working capital to staff a large new infrastructure project. InterNex provided a $2MM non-notified revolving line…
Insights
Guides for Staffing & Workforce Solutions
Line of Credit for Staffing and Business Services: An AR-Based Working Capital Guide
How staffing and business services firms use an accounts receivable line of credit to bridge the payroll gap, run efficiently and fund growth.
FAQ
Staffing & Workforce Solutions financing questions
Can a staffing company with one dominant client qualify?
Yes. Where that client is investment grade and pays consistently, InterNex has provided concentration limits of up to 100%, something most banks will not do.
Can a line of credit fund weekly payroll?
That is one of its most common uses. Availability grows as you bill, and same-day draws let you fund payroll on schedule regardless of when clients pay.
Will my customers know I am using InterNex?
No. Lines are non-notified. Customers pay into an account established in your company's name, so nothing changes for them.
Does my business need to be profitable?
No. InterNex underwrites the quality of your receivables, your customers and your management team. Profitability can improve pricing, but it is not a requirement.
Is there a minimum credit score?
No. InterNex does not underwrite on owners' personal credit scores.
Other industries
More sectors we finance
Talk to a lender
Financing for Staffing & Workforce Solutions
Tell us a little about your business. A senior lender will review it and come back to you within one to two business days.
- A proposal within 48 hours of a complete file
- No obligation and no impact on your customers
- Speak directly with a senior lender, not a call center
(646) 849-1800
600 Mamaroneck Ave, Suite 400, Harrison, NY 10528