Asset Based Lending for Staffing Companies
September 2021
Many people think that asset based lending is only for trucking, manufacturing, and wholesale companies, but those people are wrong. Asset based lending (ABL) is also a great option for staffing companies. Asset Based Lenders help staffing companies to capitalize on growth, meet pay-roll costs, recruit talent, and expand its services.
Asset Based Loans Fluctuate based on how much you have in A/R. So, loan balances automatically increase as your sales increase. Likewise, if your business experiences a slow period, your loan balance will drop as receivable payments exceed new sales.
Overall, asset based lending for staffing companies is a solid alternative financing solution. If you are interested in obtaining an Asset Based Laon with Sterling, please call 800-560-2601 or click on apply now and we will get a proposal to you within 48 hours of receiving your completed application.