We see a lot of enquiries for new start recruitment businesses where someone working in recruitment has decisded to start up on their own. These can range from a one person operations right through to well capitalised multi office operations.
New start recruitment businesses need to ensure a finance facility is in place so that they can pay contractors wages. This is imperative to ensure that the cash flow can support the weekly wage requirement. When considering a facility pricing is obviously a major consideration. The difference between the most expensive facility can be staggering. We believe it is important to consider total costs rather than just headline rates and our aim is to give you total transparency. Headline rates can in fact be very misleading with some lenders having a variety of additional charges.
Structure is possibly more important than pricing. If the facility is not structured properly then it will not generate the cash you require on a weekly and monthly basis. We take into consideration the unique characteristics of your recruitment business and structure a facility accordingly.
Additional services are also a major consideration for a new start recruitment company. Finance facilities can range from facilities that simply provide finance right through to full back office solutions that include invoicing, credit control and payroll. By outsourcing certain aspects of the administration it can free up more time to focus on sales but these services obviously come at a cost.
If you are looking for finance for a new start recruitment company why not contact us today on 0845 863 0738