Invoice factoring for staffing companies

• Cash flow challenge: My clients pay on long terms, but I need to cover weekly payroll and keep operations running smoothly.

• Perfect for: Recruitment agencies and staffing companies that want immediate access to cash tied up in unpaid invoices.

Novuna helps staffing companies unlock funds tied up in unpaid invoices through invoice factoring, either via our award-winning in-house service or by comparing the market to find the best fit for your needs.

We match you with providers experienced in funding for staffing businesses, help you apply, and make sure you get the right deal.

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How invoice factoring works for staffing companies

Invoice factoring involves selling your unpaid invoices to a finance provider for an advance payment. The provider then manages the credit control process, collecting the payment from your clients directly. This means you receive cash quickly without having to wait for payment terms to run their course.

Benefits of invoice factoring for staffing agencies

• Improved cash flow – You get access to funds as soon as invoices are raised, enabling you to cover payroll and expenses without delay.
• Outsourced credit control – The factoring provider handles invoice collections, freeing up your team to focus on recruitment and client service.
• Flexibility as your business grows – The amount you can access grows in line with your invoice volume, making it a scalable funding option for agencies on an upward trajectory.
• Reduced payment risk – Some providers offer bad debt protection, safeguarding your business if a client is unable to pay.

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Things to consider before choosing invoice factoring

• Costs and fees associated with the facility

• How the provider’s collection methods align with your client relationships

• The level of funding you can access based on your invoice volume

• Whether you also need bad debt protection

How Novuna Business Cash Flow can help

We’ve worked with recruitment and staffing agencies across the UK, helping them unlock the cash tied up in invoices to meet payroll obligations and grow their business. Our facilities are flexible, competitively priced, and can be set up quickly so you can get back to focusing on growth.