Business Line of Credit for Staffing & Professional Services.
Staffing & Professional Services operators turn to business line of credit when weekly payroll funding against client invoices or new contract mobilization and onboarding can't wait on a bank timeline. Summit underwrites the sector against time in business, not just two years of clean returns.
Business Line of Credit for staffing & professional services.
Supplemental revolving capital for onboarding, marketing, and back-office investment.
For staffing & professional services business line of credit placements, expect credit limit of $25K – $500K, apr of 10% – 30%, draw term of 6 – 24 Months. Qualification typically requires time in business 12+ Months and annual revenue $250,000+.
- ◆Weekly payroll funding against client invoices
- ◆New contract mobilization and onboarding
- ◆Back-office payroll processing (optional bundled service)
- ◆Working capital for growth and new verticals
What to expect.
Business Line of Credit · Staffing & Professional Services.
Supplemental revolving capital for onboarding, marketing, and back-office investment.
Most staffing & professional services business line of credit placements close in 3 – 7 days. Summit's desk routes the file to the lenders most active in this sector.
Last 3 – 6 months of business bank statements. Most recent business tax return. Personal financial statement for owners (20%+).
Initial review is a soft pull. A hard inquiry only happens after you select an offer and proceed to closing.
Get business line of credit for your staffing & professional services operation.
Indicative terms within 24 hours. No hard credit pull.
Begin Pre-Qualification →