Funding for Staffing Agencies
Asset-based lending against your receivables funds payroll at scale, since your invoices to creditworthy clients are exactly the collateral lenders want.
Staffing has the most honest cash-flow gap in business: the workers you place are on your payroll, paid every Friday, while the client who benefits from their work pays your invoice in thirty, forty-five, sixty days. The agency in the middle finances the entire spread, and growth multiplies it — double your placements and you double the float before you see a dollar of the new margin. Banks call that risk; it is actually arithmetic. Broadway funds the arithmetic: one short form, three months of bank statements, soft credit pull, same-day decision, funding in as little as 24 hours.
The challenge
You pay placed workers every week and your clients pay invoices in 30 to 60 days. Every new placement widens the float, so winning more business literally costs you money up front.
How Broadway Advance helps
Asset-based lending against your receivables funds payroll at scale, since your invoices to creditworthy clients are exactly the collateral lenders want.
What owners use it for
- Fund weekly payroll for placed workers
- Bridge client invoices on net-30 to net-60 terms
- Staff up for a major new contract
- Open a new office or vertical
- Hire internal recruiters and sales staff
- Cover workers' comp and insurance costs
See your real number in about five minutes.
Apply nowFunding options that fit staffing agencies
Asset-Based Lending
Turn real estate, inventory, equipment, or credit into working capital.
Based on asset value →Business Line of Credit
A revolving cash reserve you only pay for when you draw on it.
Flexible limits →Merchant Cash Advance
Immediate cash today in exchange for a small slice of future sales.
Up to $2,000,000 →Staffing Agencies funding questions
Is asset-based lending better than factoring for a staffing agency?
Often, yes. Factoring takes a cut of every single invoice and inserts the factor between you and your clients. An ABL facility against your receivables gives you a revolving borrowing base that grows with your AR, typically at a lower all-in cost at volume, while you keep client relationships and collections in your own hands. Factoring still suits some agencies — especially very young ones. Bring your aging report and we will price both honestly.
We're growing fast and payroll keeps outrunning collections — is that fundable?
It is the most fundable problem in your industry, because the cause is growth, not weakness. Your receivables from creditworthy clients are strong collateral, and an ABL facility scales with them — more placements means more AR means more borrowing base, which is exactly the shape your problem has. Underwriting reads rising payroll plus a rising aging report as expansion. Three months of statements and your AR aging start the file; the decision comes same-day.
We just signed a contract that requires fifty new placements — can funding cover the ramp?
Yes. The ramp costs — recruiting, onboarding, the first payroll cycles before the client's first invoice clears — are a defined, short-term need, which makes them easy to structure. An advance can fund in as little as 24 hours to start recruiting immediately, with a receivables facility behind it to carry the ongoing float once the placements generate invoices. The signed contract itself strengthens the file. Bring it along with your statements.