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Recruitment Factoring

Cashflow is always a headache for young and growing recruitment companies. Workers must get paid on time but clients will normally expect to pay in 30 days or later.

 

 

 

Calverton Finance provides specialist support to recruitment companies. We bridge the cashflow gap and make sure that you have the funds to pay workers and take your margin. You can have 90% of your outstanding sales ledger in your bank account now. With the remaining 10% (minus charges) paid to you when your clients pay.

Key Features:

  • With our Invoice Finance solution you will receive advances of funds against outstanding sales invoices.
  • We will also manage the credit control and collect the payments from your customers.
  • We can also assist you with credit insurance for your customers and protect you from bad debts.

How it works:

  • You raise and issue your invoices in the normal manner and upload your sales ledger to us via our website.
  • We make available to you an agreed percentage of the sales ledger (up to 90%).
  • You let us know how much you wish to draw down and we transfer funds directly into your bank account.
  • We then chase your customers and collect payments.
  • Once a customer payment has been received then make available the 10% balance for you to draw down.

Charges:

  • There two charges.
  • Administration Fee: Charged as a percentage of the value of the invoice or as a fixed monthly fee.
  • Interest charges are comparable to bank overdraft rates and are charged against the funds that you draw down from your funding availability.

Why deal with us?

If you are unhappy with the depersonalised banking sector, constantly changing staff and never being able to talk to anyone, then you should be talking to us about recruitment agency factoring. We are a long established company and we specialise in providing facilities to owner-managed recruitment businesses. We are open and honest with our charges and we are flexible and commercial in our decision-making. But most of all we listen to you. We are not driven by rules, targets or credit scores and will always try our best to put together a facility that matches your individual requirements and needs.

If you would like to talk to us about Recruitment Factoring and how we can help you then please call us directly on 01908 268888 or if you would like a detailed quotation then please complete our Get a Quote page.

If you would like our full service for recruiters including complete back-office assistance then click PayFactory .