Recruitment Factoring is a financing tool used to improve a business’s cashflow position. Factoring and Confidential Invoice Discounting (CID) enable you to receive payment from invoices and pay your workers immediately, rather than waiting for an agreed payment period.

Once you raise an invoice, you upload it to the lender’s portal and request the proportion of funds required. Some lenders will give you a choice of them undertaking the credit control or administering it yourself. Once the customer pays the invoice, the remaining balance becomes available.

You can also get up to 100% funding for permanent placements with the money becoming available within days of the candidate starting.