Ledgered line of credit for temp/contract placement staffing
Ledgered line of credit for temporary and contract placement staffing agencies.
A ledgered line is an ideal option for staffing agencies that are considering a traditional line or are present with a bank line and would like to get away from the strict requirements but maintain the features of a traditional line and competitive pricing.
The ledgered line is flexible and secured with the company's accounts receivables.
And unlike a traditional line of credit, there are no audits required or restrictive covenants with respect to ratios, concentration, etc.
This line of credit is designed specifically for temporary placement and contract workers staffing agencies and comes with an
HERE ARE SOME OF THE ADVANTAGES NOT COMMON WITH A TRADITIONAL LINE OF CREDIT
- No audit requirements
- No restrictive financial requirements
- No restrictive covenants
- No financial ratio requirements
- No concentration restrictions
- No long application to the funding process
- Plus other benefits
A ledgered credit line offers flexibility plus an ABL pricing structure, and unlike a traditional ABL line of credit, there are no restrictions on how long the company has been in business, in fact, we can consider startups.
OTHER ACCOUNT ADVANTAGES
- Meet payroll every week
- Non-recourse
- No application fees
- No contracts
- Simple application to the funding process
- High advances on eligible receivables
- Competitive rates and flexible terms
- Up to $35 million in monthly purchases
- Free invoicing and collections services
- Free credit reports on your customers
- Online account access
- Account Executive services
- Deal directly with decision-makers
- We specialize in Vendor Management Systems (VMS)
- Very likely we'll be able to beat any other offer you might be considering
- And more
For more information, kindly complete our SHORT FORM. The office that handles your local area will contact you shortly.
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