Nurse Staffing Services are companies who provide nurse staffing to hospitals, doctors, specialists, nursing homes, and other medical offices. These staffing centers bill the medical receiver such as the hospital, etc., on a weekly basis. Because the hospital, etc. has cash flow needs based on waiting for their Accounts Receivable, they in turn pay the staffing service in 60 to 90 day terms.

Many Staffing Service companies have large Accounts Receivable balances to doctors and other medical groups that need to be more quickly turned to cash in order to efficiently manage their business. Their employees need to be paid weekly so staffing service companies often find themselves in a cash crunch. They need constant working capital for:

• Advertising
• Inventory
• Staffing
• Expansion
• Equipment Purchases
• Marketing
• Taking advantage of supplier discounts

By partnering with ICF to offer an attractive working capital solution to fill this need, the bank/funding source will:

»   Attract a high caliber customer thus increasing the deposit base
»   Receive ancillary lending such as car loans
»   Receive ancillary lending such as real estate loans
»   Receive ancillary lending such as credit cards
»   Receive ancillary lending such as equipment loans
»   Significantly increase Fee revenue
»   Increase Interest revenue
»   Increase the bank/funding source overall bottom line