Cash flow is crucial for starting or growing a recruitment business. Many recruitment companies have turned to invoice finance products to unlock funds from their outstanding permanent or retained placement invoices.
We work with various suppliers offering this facility. While the upfront funding percentage varies, some lenders provide up to 90% of the permanent invoice value once the candidate starts. Depending on your terms, lenders might also pay on acceptance or a retained service product.
While the process may vary by lender, the following is a general guideline of how it could work:
How does it work?
An invoice is generated when a candidate begins a new role.
Receive funding within 24 hours
The remaining percentage is then paid to the agency when due.
If required, lenders can include bad debt protection for permanent finance. Some providers include it in their cost.
We are a specialist recruitment finance comparison service.
With nearly two decades of experience in domestic and international funding specifically for the recruitment market we offer more than just quotes.