Line of Credit
Line of Credit for Temp Staffing | No Restrictive Covenants
A ledgered line of credit is a receivables line ideal for staffing agencies to cover payroll. For a temp staffing agency, it serves as the perfect payroll funding option because, unlike traditional lines, it doesn't necessitate audits or impose restrictive covenants on ratios, concentration, etc.
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 or complicated forms
- Plus other benefits
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