Staffing Agencies Can Secure Easy Credit With Low Docs

Real-World Examples and Statistics

According to the Small Business Administration, alternative lending, which includes low-doc credit options, has been growing steadily, with many small businesses turning to these solutions to meet their financing needs¹. Additionally, a report by the National Small Business Association indicates that nearly 60% of small businesses have used some form of credit to manage cash flow².

One example is a mid-sized staffing agency that utilized invoice financing to bridge a cash flow gap. By selling their outstanding invoices, they were able to access immediate funds to cover payroll, ensuring uninterrupted service to their clients. This strategic use of low-doc credit allowed them to maintain operations without resorting to high-interest loans or exhausting their reserves.