At Growth Lending, we have extensive experience of working with businesses across the recruitment sector and have a thorough understanding of these firms’ unique challenges.
The main road block to scale for recruitment companies is cash flow, as such organisations are often required to pay their contractors on a weekly basis, but won’t see their own revenue realised until much later, with many customers on payment terms that can stretch to 90 days or later.
A recruitment business is only as good as the people that it supplies, so trust between the organisation and its contractors is paramount to its success. Where these contractors are not paid on time, the relationship breaks down and the negative impact on the business is significant.
Our flexible facilities ease these cash flow strains, enabling recruitment firms to strengthen their working capital position and reach next level growth.
Recruitment finance focuses on bridging the cash flow gap for recruitment firms, using invoice finance and flexible facilities to smooth the cash cycle and maintain the working relationships that are so crucial for these firms’ success.
We have a range of products that we can tailor to your needs, solving the problems that growing recruitment companies often face
Our range of bespoke products offers many benefits, including:
“After seeing an increase in demand for security services, we needed a lender that would provide us with the backing we needed to grow our client base and continue to provide a high-quality service to our existing customers. We are pleased to be working with the team at Growth Lending and we appreciate their support for our vision.”
Ahmed Yar Khan, director at AKD Facilities Management