Whether you’re a new startup agency, established recruitment agency or have international subsidiaries setting up or switching an invoice finance facility is simpler than you might imagine and we have the expertise to assist with this.
If you’re just starting out, it’s crucial to have a finance facility set up as soon as possible, so you’re prepared when you place your first temps or contractors. For established businesses, selecting the right provider to transfer to is essential!
Multiple funding options are available to recruitment businesses:
Up to 100% factoring with full back office facilities including credit control
100% funding, payroll, timesheet management, invoicing, back office systems.
These facilities ensure your workers are paid weekly, bi-weekly, or monthly using the lender’s funds, provide you with your profit weekly, and then collect any outstanding payments from your customers.
Up to 90% factoring only facilities including credit control
90% funding (sometimes even 95%), receiving the remaining 10% when your client pays.
Your business handles payroll and invoicing, sends a copy of the invoice to the lender, and typically receives up to 90% of the gross invoice value on the same day.
Up to 90% confidential invoice discounting facilities
90% funding (sometimes even 95%), receiving the remaining 10% when your client pays.
Similar to factoring, but completely confidential, so your customer remains unaware of your funding arrangement.
Funding for permanent placement invoices
Receive your placement fee within days of raising the invoice.
Learn more about included or additional options.
If you’re interested in exploring additional options within your funding arrangements, please inform us. We will connect you with lenders who can accommodate these needs, some of which include these options in their packages. Options may include:
- Bad Debt Protection: safeguards you in case your customer doesn’t pay or goes into administration (terms may vary);
- Export Debt: for UK businesses dealing with customers outside the UK;
- International Subsidary Funding: if you choose to have a global DNA we work with funders who operate in different jurisdictions outside of the UK.
- RPO Funding: for businesses engaging with vendors or managed service providers to supply staff, which may involve self-bill or pay-when-paid arrangements.