Financial solutions for Recruitment
Finding the right people for the right roles can be rewarding. Find the funding you need for your recruitment business here.
GET A PERSONALISED QUOTE
Funding your equipment
- Spread costs over 6-60 months
- Rates from 6%
- Undercut ’0%’ deals from equipment suppliers
- Leasing - no capital requirement
Funding for your premises
- Commercial mortgages from 2%
- Bridging loans
- Deposit funding
Funding for your future
- Funding for acquisitions
- Growth finance
- Tax loans
- Cashflow support
Talk to Rangewell – the business finance expertsThe recruitment industry can be very competitive, and getting the right funding is essential for your recruitment business to succeed. At Rangewell, we work across the entire lending market, and use our expertise to find the lenders who will offer the most competitive funding solutions for you.
Finding the right people for the right jobs is costly and time consuming for many businesses. Outsourcing to an expert is becoming the norm in many sectors - making recruitment a booming business. Around 4,000 new recruitment businesses open every year - those that succeed are those who can answer the challenges of finding the right funding.
The prospects for a setting up a recruitment business are exciting. If you have worked in recruitment and are an experienced consultant, you will know exactly what is involved and the potential of working for yourself.
However, even if you have gained that experience in a lucrative niche sector, you must remember that you will face fierce competition as a recruitment business owner. However hard you work, you will not have all the contacts you need immediately, and without adequate funding ryou could find yourself facing cashflow problems. Without financial solutions they could drag your business under.
It’s not just in the early days of your business that you need a source of funding. Operating and growing your business will bring new challenges and new needs for investment.
Fortunately, at Rangewell, we know the answers to your funding needs - and we can help you find the financial support you need at every stage of your recruitment business.
Understanding your Funding Options
You may need to find the right type of funding option to allow you to:
Set up a new recruitment business
Buy into an existing recruitment business
Acquire equipment and assets
Provide working capital
Deal with tax
<all to be on-page links>
Setting up a new recruitment business
Although it may be possible to work as a recruitment consultant with little more than a list of contacts, a mobile phone and a laptop, it cannot be a
Working from home will keep
You should be able to calculate all your funding needs as part of a detailed business plan. You should look at all your likely outgoings for a minimum of six months. It may take that long for the candidates you place to and earn you your full commission once they pass their probationary periods.
Lenders may be reluctant to lend to startups, preferring to make their decisions based on evidence of previous business performance.Most expect to see accounts for one or two year’s trading before making the decision to lend.
At Rangewell we know the lenders who are able to take a more positive
Buying into an existing recruitment practice
You may wish to buy into an existing recruitment business as a partner, or even buy it outright. The costs involved may depend on the turnover and contracts it currently has, as well as the assets it currently owns.
We can help you secure a number of solutions to let you buy
A secured loan is one solution for acquisition. Another is a ‘jigsaw’ finance deal, which uses a variety of funding types
Funding for your equipment
Whether you are starting up, buying into an existing business, or ready to move your current operation on, you will need office equipment. Your IT setup, your computers and printer will be expensive items, and you may need specialised software
At Rangewell we can help you find the asset finance solutions you need.
For basic equipment that you want to go on giving service for many years, Hire Purchase (HP) may provide the simple way to spread costs.
You pay a deposit plus monthly instalments over a fixed term, between 6 and 60 months, after which the equipment becomes yours. Payments are fixed, making it easy to plan
Office furniture might be ideal for HP finance.
Leasing will give you freedom and flexibility and avoid the need to make any capital investment. There is usually no upfront cost to find, making it simple to bring the latest equipment such as IT into your business. It can make higher cost items more affordable by spreading the cost across their economic life.
Funding for premises
You may be able to start your recruitment business in a catered office in a business centre - although you may soon find that you need premises of your own to establish
The cost of renting a small office
However, renting means ongoing costs, and puts your practice at risk of rent increases. Buying your premises with a commercial mortgage could actually decrease your monthly outgoings, and provide your business with a valuable asset for the future. Commercial mortgages can help you buy your premises or even an existing consultancy. It is uneconomic to borrow less than £50,000, and some lenders have a minimum of £75,000 or more, but there is no set upper limit.
Commercial property finance is arranged on an individual basis. We may be able to help you secure preferential rates that reflect your professional status.
Remember, if you already own your premises, a commercial mortgage might be a cost-effective way to raise funds to use elsewhere in your business.
Provide working capital
There are a number of solutions. We work with lenders across the UK
We can also help with a number of specialised loan products:
Tax is inevitable, but a large quarterly VAT or annual tax demand can cause problems with your cash flow, particularly when it falls at the same time as other costs. Tax loans help you to spread the cost of your tax demands into affordable monthly payments.
Better control of cash flow
Fixed monthly payments
Quick and simple to arrange
Avoids issues with HMRC, potential penalties and professional liabilities
Working capital finance
Working capital finance is often used to deal with overheads while business is slow during the early weeks and months
Get our help finding the most appropriate lending for your needs. <link>
How we help you capitalise your recruitment business
At Rangewell, our expertise works to bring you the financial solutions you need to capitalise your business, whether you want to fund capital expenses, working capital or growth.
Finding the most appropriate solution for your funding needs takes a
At Rangewell we know the lenders who can offer the most competitive rates for all types of finance including Unsecured and Secured Loans, Invoice
Whether you have a straightforward finance
Call us now to get our experts working for you and your
WHAT WE CAN DO
Find the most competitive loan to let a successful IT recruitment consultant set up a business specialising in the robotics sector
Help a find finance for a Manchester recruitment consultancy to acquire its premises in the heart of the City
Source a Commercial Mortgage to allow a small consultancy to buy the freehold of its office premises
Help a arrange ‘jigsaw’ funding to let an established regional consultancy buy their largest competitor
Set up a leasing arrangement for a recruitment business to fit out a prestige office suite
What recruitment consultants say about funding with Rangewell
Helping you build your profits
Tailored lendingAt Rangewell we can help you find the most appropriate finance for any funding need your consultancy has.
Work with expertsAt Rangewell, our team of experts understand all types of business needs and the solutions to them.
Cashflow supportMaintaining a healthy cashflow is essential. You can choose the funding solution that’s right for you.
Funding that grows with your businessWe can work with you to provide funding that helps fund your growth and development.
Releasing the value in your propertyWe can help you release the value of property your business owns, allowing you to use your cash to invest again.
Specialist lendersSome asset funding providers specialise in particular sectors. At Rangewell, we can help you find the most appropriate lenders for your recruitment consultancy.
Download Rangewell’s free and detailed guide to Finance for Recruitment Consultants
What types of finance are there - which do you need?
Why not all providers are equal - finding the one that’s right for you
The downsides to finance - and how to avoid them
How to arrange finance - what paperwork do you need?
Key terms explained
Getting the right funding arrangement is essentialThere are many forms of business finance available. Getting the most appropriate type for your particular needs is essential to avoid excessive costs.
Your key equipment could be at riskIf you are unable to keep up repayments on a Hire Purchase or lease agreement, the equipment your practice depends on could be could be at risk.
Long-term financial commitmentsYou may not be able to pull out of a finance arrangement once set up. This could present a problem if you change your business plans.
Our service is...
ImpartialTransparent and independent, treating all lenders equally, finding the best deals.
In-depthEvery type of finance for every type of business from the entire market - over 300 lenders.
In-personSpecialist Finance Experts support you every step of the way.
FreeWe make no charge of any kind when we help you find the loan you need.