Common finance options for the Recruitment sector.
Invoice Finance
Get cash from your outstanding invoices. Release up to 90% of funds within 24 hours.
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Business Loan
If you require funds for expansion, working capital, or to pay off debt then a business loan is the perfect option.
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Asset Finance
Funds for equipment, materials to help the day to day running of your business.
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Factoring
Factoring is a service designed to boost your cash flow and remove the hassle of credit control. At Bespoke Commercial Finance, we work with you to secure the best factoring facility for you and your business.
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Recruitment Agency
Finance
If you run a recruitment agency or supply temps, you’ll be familiar with ‘negative cash flow’. Staff are paid weekly or monthly, but when you regularly have to wait for clients to pay, it can leave you vulnerable to a wage shortfall, leaving your business constantly hungry for cash. The more you grow your business, the greater the problem.
This is where recruitment finance can make a difference. From managing payroll to accessing the value of outstanding invoices, tailored funding solutions help support your operation and long-term growth.
Options such as invoice finance give you access to funds tied up in unpaid invoices. With factoring, you can also outsource credit control and ledger management, freeing up time to focus on your business. Or, if you’d prefer to keep control of your client relationships, invoice discounting provides you with the cash you need whilst letting you retain management of your own credit control and debtor ledger.
As recruitment is a pressurised industry with an intense focus on cash flow, we will work with you to make the whole process as simple and quick as possible.
Factoring
Depending on your business needs, there are two types of factoring for this industry that you can choose from:
Recruitment factoring: up to 90% of your invoice is funded, and this is available for temporary and permanent placements.
Payroll factoring: up to 100% of your invoice will be funded (net of VAT) and wages are paid directly to staff with payslips issued. You receive your margin, your ledger is managed, and automatic payments to HMRC (VAT, NI and Income Tax) are made.
Just a number of partners we’ve worked with
Bespoke Commercial Finance work with a number of banks and lenders with the knowledge and experience that will benefit you and your business. They will provide varied finance options, from invoice finance and asset finance to commercial mortgages and bank borrowing.
What other recruitment agencies say
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Let’s work together
If you have a financial requirement within the Recruitment sector then please do not hesitate to get into contact using the form below.
One of our experienced sales team members will be in touch as soon as they can.