Flexible Working Capital Financing Solutions
The demand for temporary staffing is rapidly growing. Don’t miss business opportunities because your staffing firm has a cash flow shortage. Live Oak Bank offers staffing industry working capital solutions for small- to mid-sized firms.
You’ve defined your niche and developed value for your clients. You deserve a financing partner who embraces the same approach. We give you more money against your invoices than traditional banks, and we cater the package to meet your specific needs. Just as no two staffing companies are alike, neither are our asset-based lending solutions.
Need a little guidance and advice?
Contact an asset-based lending specialist, they’re ready to help.
Lines of Credit
Does your staffing company need to quickly borrow an unknown or unpredictable amount of money? We offer lines of credit to meet this need. A line of credit enables your staffing company flexible access to money when needed rather than selling your accounts receivable in a factoring arrangement.
Just because you have slow-paying customers, doesn’t mean you have to slow down. Our flexible approach to factoring enables you to turn outstanding invoices into cash, quickly. By selling your staffing company’s current invoices, you simply turn existing receivables into cash you can use immediately.
About Live Oak’s Asset-Based Lending Solutions:
- Designed for companies with $2MM to $25MM in sales
- On average, 90% advance for your invoices, between $250k and $5MM
- Revolving lines of credit
- Funding available 24-hous a day
Wondering which of these two asset-based lending approaches best fit your business needs?
Discover the Difference