If you run a growing recruitment agency (temp or permanent), access to the right funding is an issue which could limit your business potential. You may be successfully placing more and more candidates but until your customers settle up you have a cash gap that you need to solve.
Start Point Finance offer a recruitment specific finance product which can advance 100% on invoices within a couple of days of raising.
Not only does this free up the cash you need to fund your growing business but there are also numerous back office support options to take advantage of, including:
- CRM
- Timesheets
- Invoicing
- Credit Control
- Insurance
- Budget Control
- PAYE
- Pensions & Holiday Pay
The cost of the service depends on which options you take but typically ranges from 3.5 – 6%. This could represent excellent value when you consider how much of your time and effort it could free up to concentrate on what you do best – finding customers & placing candidates.
There are no minimum levels and the service is provided on a fixed fee (percentage of income) rather than interest charges.
The information needed to arrange a facility is very straight forward:
- Your VAT number
- A copy of your terms & conditions + an example time sheet
- And if you are an established business, a copy of your sales ledger
To access the funds which could allow you to grow your recruitment agency, email toby@startpointfinance.co.uk or phone me on 07879 997452.