FUNDING & CASHFLOW

If you're launching a recruiting business, locating a financial partner with recruitment industry expertise and experience is critical.

Factoring is a method used by sure recruiting business owners to support their operations. A factoring company will buy your company's outstanding bills and advance the majority of the invoice's value.

The vast majority fund their business with their own money. The advantage is that it is the most cost-effective option since there are no interest or other costs to worry about.

Most high street banks used to grant start-up finance via credit or loan if you had invested your own money, could provide security, and had a strong company plan/model.

Invoice financing is used by 1 out of 6 recruiters, which is 20 times more than the national average. As with any external source of money, there is a fee to employing invoice finance.