Whether you are a new start up or an existing recruitment business agreeing or changing an invoice finance facility is easier than you think and can sometimes get turned around in a matter of days.
If you are starting out, it is important that you have a facility in place as soon as possible, so you are ready when you first place your temps or contractors. If you are an existing business choosing the right provider to transfer to is key!
There are a number of different options available to recruitment businesses:
If you want to explore additional options as part of your funding arrangements, please let us know and we will make sure we introduce you to lenders that can support (some include these within their packages). The options could include:
• Bad Debt Protection: protecting you should your customer not pay or go into administration (different terms apply)
• Export Debt: if you are working with customers outside of the UK
• RPO Funding: if you are working through a vendor or managed service to supply staff that may be self bill or pay when paid