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Temporary and contract placement staffing agencies can benefit from a receivables line of credit secured with the company's accounts receivable. We refer to our receivables line of credit as a ledgered line, which, unlike traditional credit lines, offers no restrictions.

These are some of the advantages:

• No complicated forms
• No long application
• No audit requirements
• No concentration restrictions
• No financial ratio requirements
• No restrictive financial requirements
• No restrictive covenants
• Plus other benefits
• Get started here

Pricing is similar to an ABL line structure, typically prime + %, plus a service fee. The service fee is charged monthly on the gross amount of invoices, interest is charged on the amount of funds drawn, thus controlling the cost of funding.

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