There is a massive need for invoice finance and cash flow support in the recruitment industry. The recruitment industry will often have cash flow issues at the heart of any financial problems. With payments not received from clients for anything up to 90 days while needing to maintain a regular financial outgoing, either to ensure temporary staff receive their weekly pay, or for other company expenses, this can result in credit gaps. In turn, lack of cash flow can also stop growth because finances are tied up and not resourced for fuelling business development.
Start-up recruitment companies can also find it tough to receive financial assistance. Many lenders are very wary of the high dependency on one or two customers for start-up companies which can hinder the possibility of receiving funds from a lender.
However, there are solutions to raising finance for the recruitment industry. There are specialist financiers who deal with the industry and understand the difficulties faced. Solutions that are available can release cash from assets that may not always appear to have value. At IFB, we specialise in recruitment finance. Due to our directorial team being experts in the industry, we full understand the pitfalls and cash flow problems in recruitment. We have a list of specialist lenders who primarily deal with the recruitment industry and can help with a range of invoice finance products.
Recruitment Finance packages can also include back-office assistance to help smaller companies with invoicing, PAYE, orders and most back office based work. These packages are specifically designed for the recruitment sector to assist in the management of the back office.
At IFB, we can again find a tailor made policy for your needs in the recruitment industry.
Please call us on 01582 394809 or click here for a quote on recruitment finance.