Recruitment Finance (SIC 78109)

Recruitment Finance | Invoice Finance for Recruitment

Trade Finance Global / Finance Products / Recruitment Finance (SIC 78109)

What is Recruitment Finance ?

We understand the intricacies and needs of recruitment finance for recruiters of all sizes and that focus on a number of different sectors. Capital requirements and payment of invoices differ throughout industries but the general problems and growing pains remain the same.

Recruitment Finance | Invoice Finance for Recruitment Companies

Our team has the ability to work across the spectrum in the recruitment industry and are dedicated to structuring packages to suit companies in different markets; with facilities created to meet individual requirements.

What is invoice finance and how does it work? Read our guide here.

At Trade Finance Global, we work to provide a financing option that suits the needs of the company, whether it is a working capital facility or invoice financing option; we can assist in helping the company move forward. Our strength and knowledge means that we can help with the progression of different types of specialist businesses. It’s often tricky to get funding as a recruitment company, and cash flow problems can quickly arise if a number of recruitment fee invoices remain unpaid.

Key recruitment company types include:
Recruitment Finance Requirements
  •  Your business has £10k – £500k in recruitment fees owed / invoices to the total value of £500k for recruitment fees
  •  You want to discount invoices and have debts owed or need working capital
  •  Your business is creditworthy
How the transaction works

When a customer wants to discount invoices or need working capital for an outstanding recruitment fee or a recruitment consultancy charge, we will assist in creating a financing solution at the best rate that is based on your businesses circumstances. This is then repaid over time.

What is the SIC Code for Recruitment Finance?

The SIC Code is 78109 (Other activities of employment placement agencies)

Other SIC Codes that could also be used are:

  • 78200 Temporary employment agency activities

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Case Study

Recruitment Company, Scotland

An existing recruitment company which assists workers and building companies to find roles and also fill them. This has expanded into various parts of the construction sector and has expanded from just focusing on labourers. The client wanted to release finance that was tied up in invoices for an average of sixty days and wanted an invoice discounting facility so that they could selectively discount invoices and grow their business. A discounting facility was set up to provide them with this flexibility.


Recruitment Finance

Speak to our trade finance team

Benefits of recruitment finance

  •  No security or directors guarantee required
  •  Invoice discounting or stock finance available even if the banks may have refused
  •  Our partners get you competitive market rates
  •  Fast turnaround – get recruitment finance in less than 24 hours

What is Supply Chain Finance?

Want to learn more about trade finance? Download our free guides

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About the Author

Mark heads up the trade finance offering at TFG where his team focuses on bringing in alternative structured finance to international trading companies. Prior to joining TFG (tradefinanceglobal.com), Mark qualified as a lawyer with a top ranked global trade and structured commodity finance team.

Mark has previously advised commodity trading firms, banks and alternative capital providers on international structured trade financings, pre-export, prepayment and limited recourse structures – notably in the oil, soft commodities and metals sectors. This has included mining finance projects, structured letter of credit facilities, receivables discounting and forfaiting agreements.

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