Pay your temps on Friday. Don’t wait 60 days for your clients.
Recruitment agencies pay workers every week and get paid every month or two. Invoice finance releases most of each invoice as soon as it’s raised, so payroll never depends on when a client pays.
- Funding for temp and contract placements, and often perm fees too
- Some providers can run your payroll and back office as well
- Grows as you place more workers
Every new placement makes cash flow tighter, not easier.
Invoice finance grows with your invoices, so a bigger contract brings more funding with it.
You can’t change either. You can stop waiting for the client.
With funding released as you invoice, payroll is covered by money you have already earned.
How invoice finance works for recruitment
Timesheets in, invoices out
Keep billing clients as you do now, weekly or monthly.
Upload or sync invoices
Many recruitment funders take timesheets or connect to your billing software.
Cash in a day or so
Typically 80 to 90% of each invoice, ready for payroll.
Clients pay as normal
You get the balance, minus fees, when they do.
What’s different about funding a recruitment agency
Temp and contract
The core of recruitment finance. Funders advance against invoices from approved timesheets.
Perm fees
Some funders fund permanent placement invoices too, often at a lower advance because of rebate periods.
Payroll and back office
Some providers bundle payroll, pay and bill, and credit control into one service. Useful for new or fast-growing agencies.
Start-ups
Recruitment is one of the few sectors where new agencies can sometimes get invoice finance, if the first client contracts are in place.
Is invoice finance right for your business?
Usually a good fit
- Temp, contract or interim placements billed to businesses
- Clients on 14 to 90 day terms
- Limited company or LLP
- Signed timesheets or clear client approval
Harder to fund
- Mostly perm fees with long rebate periods
- One client making up nearly all your billing
- Workers placed with consumers rather than businesses
Not sure? That's what the call is for. If it isn't the right fit, your specialist will tell you and suggest what might work instead.
What happens after you enquire
Two minutes online
A few questions. We find your company on Companies House as you type.
A text from us
Straight away, with the name of the specialist who'll call you.
A short call
Usually within a working day. About 15 minutes on how your business trades.
Options in plain English
What is available, the full cost in pounds, and what they would need.
You decide
No obligation. Saying "not right now" is fine.
Questions from recruitment businesses
Sometimes. Recruitment is one of the sectors where funders will look at new agencies, especially with signed client contracts in place. Your specialist will tell you who might help.
Get paid for work you’ve already done.
Two minutes. Free. No hard credit check. One specialist, not ten calls.