Case Study Recourse Factoring For A New Start Recruitment Business

This case study concerns a new start recruitment company that was projecting to achieve a turnover of 500K in their first year of trading.

FundInvoice were able to find the recruitment business a recourse factoring facility with a bank owned factoring company that will ensure that the business gets the working capital that it will need. Often finance is hard for new start businesses to secure by factoring has an advantage as the level of finance is based on the value of invoices that the business raises rather than the assets or net worth that it has.

Recruitment Sector

The recruitment sector is also perfect for forms of invoice finance such as factoring as the invoices are clearly supported by signed worksheets once the temporary staff have completed their duties. This makes the recruitment sector highly attractive to invoice finance funders who will often offer higher funding levels to this sector.

Recourse Factoring

Recourse factoring provides funding against unpaid sales invoices and credit control support with the collection of the outstanding sales ledger. It can therefore be a perfect solution for new start businesses, removing the need for them to take on costly credit control staff or waste the time of the business owner undertaking that credit control function.

Share with:

Examples of funders we work with:

leumi abl
ultimate finance group