Why staffing agencies qualify
Staffing agencies are classified under Employment Placement Agencies and Temporary Help Services, an eligible category.
Clients pay on 30-60 day terms while temps are paid weekly. The gap is the entire business problem.
What the capital is normally for
In practice: payroll funding between invoices, recruiting, ATS software, workers compensation premiums.
Tracks client hiring cycles; Q1 and Q3 are typically strongest.
The published thresholds
Tier 1: 650 FICO, 3 years in business, $300,000 a year or $25,000 a month, 8+ monthly deposits.
Tier 2: 600 FICO, 6 months in business, $60,000 revenue, $800 minimum daily balance.
Renewal: 550 FICO, 2 years in business, once 50% of the original balance is repaid.
There is no hard credit cutoff here. The 650/600/550 tiers are product criteria, not a floor on the business. Scores in the 500s are placed routinely, and files in the 400s are read on revenue, deposit consistency and time in business rather than on the score alone.
Questions
Do you fund staffing agencies?
Yes. The category is eligible.
What credit score is needed?
There is no hard credit cutoff here. The 650/600/550 tiers are product criteria, not a floor on the business. Scores in the 500s are placed routinely, and files in the 400s are read on revenue, deposit consistency and time in business rather than on the score alone.
How fast can funding arrive?
Same-day decision, next business day funding on a complete file.