- 18 Feb
Recourse Factoring For A Recruitment Company Turning Over Â£650,000 Per Annum
Often we are able to assist businesses whose existing overdraft facilities are not sufficient to support the level of working capital that they require to run their business.
This was the case recently with a recruitment company turning over £650,000 per annum.
We were able to find them an invoice finance company that could provide a recourse factoring facility. The level of funding from the recourse factoring facility was more than could be provided by their existing small overdraft facility which was not sufficient to meet their requirements. One of the key benefits of recourse factoring is that the level of funding grows in line with growth in sales volumes. As the business raises additional invoices, more funding is released.
More recourse factoring deals to follow shortly. . .