Healthcare Staffing Agency

A Healthcare Staffing Agency provided temporary nurses and medical technicians to hospitals but struggled with inconsistent cash flow due to extended payment terms (up to 75 days) from large healthcare clients using MSP’s. This limited their ability to recruit and onboard new staff.

1st Commercial Credit offered invoice factoring with flexible terms, advancing funds against invoices and managing collections.

• Faster Recruitment: The agency used factored funds to hire 20 additional nurses, meeting urgent hospital demands during a flu season surge.
• Enhanced Reputation: Consistent payroll and prompt vendor payments strengthened trust with contractors and clients.
• Operational Efficiency: Using MybizPad to bridge the QuickBooks integration with 1st Commercial Credit funding platform saved the agency 10 hours weekly in administrative tasks.

Across industries—technology, healthcare, construction, hospitality, and manufacturing—temporary staffing agencies face similar cash flow challenges due to delayed client payments. Invoice factoring with 1st Commercial Credit provides a reliable, flexible solution, enabling agencies to meet payroll, scale operations, and seize growth opportunities without the burden of waiting for payments.