Invoice Finance or Invoice Factoring
If you’ve made the decision to set up and run your own recruitment business, particularly in the temporary market, you will inevitably eventually need to decide how best to finance your weekly payroll.
Below is our brief guide on the very different options available to a new recruitment business director.
Principal or No Principal?
When seeking funding support for your weekly payroll you must first establish what it is you are really looking for. There are broadly two options available in the market. These options are significantly different and will depend on your attitude to risk as to which you believe to suit your needs best. It is very important to understand these differences when choosing which facility to opt for as you would be ‘comparing apples with oranges’ without this understanding. We’ve briefly explained the key differences below.