Menu

As Your Business Grows,We Deliver the FUNDS

Call Toll-Free United Kingdom 24/7 0 800 404 9669
Accounts Receivable Financing
Is your business growing faster than your operating capital?

Invoice Discounting & Factoring for Staffing & Recruitment

Why Choose Us? Accounts Receivable Financing is our Business
  • Financing Rates at 0.20% - 2.5%
  • No Financials - No monthly minimums - No invoice minimums
  • No facility fees - No audits - No up-front fees - No hidden fees
  • Set up account in 3 to 5 working days - 24 hr funding thereafter
  • Credit Lines starting at £5,000 & up to 10 million
  • Optional Libor & Admin fee
  • Customer referrals upon your request
  • We Make Same Day Decisions
Over 15 years in business
Click Here for a Quote

Call Now 0 800 404 9669

Does your staffing company need payroll funds right now?

It cannot be denied that when staffing firms experience growth, the usual problem that goes with this is the lack of sufficient funds. At 1st Commercial Credit, we provide the most flexible financial services that could settle the payroll funds. We welcome clients whether they are managing a start-up business or a multi-million company.

Setting up the account for factoring or invoice discounting for staffing recruitment agencies only takes 3 to 5 days. To make the process much easier, we do not even request for financials and we do not require set-up or up-front fees. From minimal funding to hefty sums, we can surely deliver the additional cash flow that you need so long as the sales ledger is eligible.

We Support the Growth of Your Company

If your staffing agency is experiencing growth, 1st Commercial Credit is here to help you reach success. With our financing services, we only take a look at the value of your sales ledger. There is no need to present any other form of collateral. We have the most competitive offers because of the flexibility of our terms which can not be beaten by others. As your sales grows, the credit line increases too.

Unmatched Flexibility of Our Offers

  • Receivable financing rates are favorable to our clients
  • No invoice minimums or monthly minimums
  • Quick account set-up takes only 3 to 5 days
  • Funding is provided within 24 hours upon approval
  • Financials are not required
  • No audits
  • Fees for facilities and set-up are cancelled plus there are no hidden fees either
  • Customer recommendation may be provided if our clients request for it
We Make it Easy to Manage Your Staffing Firm

Facing financial struggle would hinder the growth of the company and cause problems with operations. 1st Commercial Credit has extensive experience when it comes to solving the problems of various staffing firms such as:

  • New companies which need money for expansion but they have been turned down by banks and traditional lenders
  • Accounts receivables are trapping the money of the business, causing problems with cash flow
  • Seasoned companies which have maxed out their current credit line but additional cash flow is needed
  • Sales pattern of the business is erratic with occasional high volume of orders, depending on season
  • Past violations to credit line has cancelled the option to seek for more funding from banks and lenders
  • The cash flow and sales record of the business do not qualify for traditional loans
  • Businesses which are not satisfied with other factoring companies
  • The business does not have a strong financial base yet

Simplicity of Our Process

Getting started with the process is easy. The basic requirements involve:

  • Accomplished 2 page application
  • Detailed aging report for the accounts receivables
  • Credit limit that is requested by each customer
  • Copy of articles of incorporation
  • Rate confirmation agreement
  • Invoices which will be used for factoring

Why Opt for Us

  • Financing fees are easy to understand
  • The credit line is based on the sales ledger value and not on the financial status of the business
  • Setting up the account is done within 3 to 5 days
  • Funding for the invoices can be released within 24 hours
  • No need to endure stiff bank requirements and regulations
  • Even budding staffing firms can avail the services

Advantages that Your Business Can Enjoy

  • Statement of account and reports are provided online for free
  • Availability of tax and payroll services if preferred
  • Credit analysis and collection assistance are free
  • Availability of back-office support for collection and mailing of invoices

What kind of staffing companies come to us for funding?

Ensuring the Smooth Process

To make sure that processing and set-up will proceed without hassle, the following have to be accomplished:

  • Original invoices along with proof of performance or time sheets because the services have to be rendered before funding is provided
  • Invoices should be verified. If your customer has good financial strength then initial funding can reach up to 90% and this could be released within 24 hours. The remaining 10% will be withheld as Reserve. This will be released when your customer has settled the invoice.
  • The payment of the customers should go directly to our company
  • You can determine how the funds will be sent to you—via wire transfer, check or ACH.
  • For new accounts, the name of the client and the address should be sent to us
  • Liens and pending law suits, if any, should be settled before funding is released.

Staffing Firms We Have Served

We have worked hand in hand with various staffing firms for professional companies such as:

  • Sales and Marketing Personnel, Sales Managers
  • Accounting Personnel, Controllers and CPAs
  • Web Designers, IT and Data Processors
  • Engineers and Twin Plant Managers
  • Healthcare Providers, RNs, CNAs, MDs and PTs
  • Administrative and Technical Staff

We have also provided support for staffing firms which cater to businesses that need:

  • Administrators and Office Managers
  • Bookkeepers and Legal Secretaries
  • Clerks and Data Entry Personnel
  • Phone Attendants and Call Center Agents

Some of our clients are into providing staff for manufacturing:

  • Quality Assurance, Warehouse Personnel and Assembly
  • Fork Lift Operators and Loaders/Unloaders
  • Skilled and Unskilled Laborers
  • Machine Operators

These are just among the clients that 1st Commercial Credit continue to provide financial assistance to. Call us now to see how our offers fit to your needs.

Request a Call back

24/7

Receivable Financing Rates

Starting At 0.20% - 2.5% Or Prime +2% & Admin Fee

  • Quick Approval Process!
  • No Financials up to $350k
  • Easy Set-Up in 3 to 5 Days
  • Over 15 years in business
Click Here for a Quote
1st Commercial Credit Provides Asset Based Lending, Purchase Order Financing and Factoring to United Kingdom: