Give me the facts
|ELIGIBILITY||Any time-sheeted business|
|AMOUNT||Up to 95% of your unpaid invoice value up to £5m|
|DURATION||Unlimited - rolling contract|
|DISCOUNT RATE||Competitively priced|
|FEES||Set up and service fees apply|
|APPLICATION PROCESS||Online enquiry and meeting|
|SECURITY REQUIRED||Assignment of invoices supported by debenture|
|SPEED OF DECISION||Within 2 working days|
|TIMING OF CASH||Advanced within 1 working day of your first payroll|
|REPAYMENT||Revolving working capital facility|
|PERSONAL SERVICE||Dedicated expert recruitment team|
|BEST FOR...||Simple cashflow and back office management|
How it works
Your questions answered
Recruitment Finance is for any timesheet-related company that is paid to credit terms and needs a helping hand with their back office administration and working capital in order to pay wages.
Wages for workers are usually paid on a weekly basis but customer invoices will often be paid on a monthly basis. This creates a cashflow gap, which can easily be solved using Recruitment Finance.
With Recruitment Finance we can manage your payroll and sales ledger in addition to advancing you money against outstanding invoices. We do everything in-house, no outsourcing, so the team managing your account will be working together. We can take away all the complications and hassles involved in paying staff, handling pension contributions and dealing with HMRC every week.
Recruitment Finance is available for as long as you need it.
Agreements vary between customers and are dependent on your business needs, but we are always competitive and transparent about our costs.
Absolutely – Recruitment Finance is designed to be totally flexible so if you also want a loan to help with something else then we can work with you to set that up.