CASHMIGO BUSINESS FUNDING
Staffing Agency Funding for Payroll and Customer Payment Gaps.
Explore staffing agency funding for weekly payroll, customer invoice gaps, recruiting, insurance, technology and growth through CashMigo.
Common funding uses for staffing agencies
- Weekly payroll and payroll taxes
- Working capital while customer invoices are outstanding
- Recruiting, onboarding and background checks
- Insurance, technology and new customer growth
Potential funding paths
Information to prepare
- Recent business bank statements and payroll reports
- Customer contracts, approved time sheets and issued invoices
- Accounts receivable aging and customer payment terms
Common questions
Why do staffing agencies use invoice funding?
Staffing firms often pay employees before customers pay invoices. Eligible invoice funding may help bridge that timing gap when the work is complete, time sheets are approved and the customer meets the provider's requirements.
Can funding cover payroll for a new customer contract?
Potentially. Providers may review the signed contract, expected weekly payroll, bill and pay rates, gross margin, customer credit, time-sheet approval process, payment terms and the agency's ability to manage the ramp.
Does customer concentration matter?
Yes. Heavy reliance on one customer can increase risk if payment is delayed or the account ends. Providers may set customer limits, reserves or additional requirements.
