Recruitment Finance for Professional Practices
Hire for the pipeline
you’ve already won.
New projects, contracts and sites need people in place first. Funding can cover recruitment costs and the months before new team members are fully productive.
- Confidential, no-obligation discussion
- Whole of market access
- We are a broker, not a lender
“It allowed me to concentrate on my business while they found me the most competitive business loan.”
Who this is for
- Lender searchWhole of marketNot tied to any one lender
- Instant QuotesNo credit searchSee indicative quotes first
- Who we helpProfessional practicesSole traders, partnerships, LLPs and companies
- Our roleSpecialist brokerWe approach suitable lenders for you
Quick answer
Can a practice borrow to fund recruitment?
Yes. Recruitment finance covers the costs of hiring ahead of new work: recruitment fees, training and the salary gap before new people are fully productive. It suits practices that have won projects, contracts or sites and need the team in place first. We search the market for working capital that fits the hiring plan.
The pressure
The work is won. The people aren’t in place yet.
New contracts, projects and sites need people before they produce income. Salaries, recruitment fees and training all have to be paid in the months before new team members are fully productive.
For practices growing quickly, that gap can be significant, and funding it from existing cash can leave the practice exposed to the next renewal or tax bill.
What can be financed
What it can cover.
“A very quick and efficient service from Simon.”
- 01 Recruitment fees
- 02 Salaries ahead of new income
- 03 Training and qualifications
- 04 Onboarding for a new site or contract
How it’s often structured
Structured around the practice.
Usually a working capital facility or short-term loan, sized to cover the period before new hires are fully productive and repaid from the income they generate. It is assessed on the strength of the existing practice and the contracts or pipeline the new people will serve.
How we help
Not one lender. The right one.
We don't offer a single product. We look at what you're trying to fund, how your firm earns and spends, and which lenders in the market are most likely to support it. Then we prepare the case, approach suitable lenders and manage the process through to completion.
- Whole of market accessHigh street banks, specialist and private lenders.
- Specialist understandingLenders who understand how practices earn and grow.
- Your case, properly presentedStructured and put to lenders suited to it.
- With you to completionFrom the first conversation to funds arriving.
What lenders will want to see
What lenders will look at.
- The practice’s accounts and current performance
- The contracts, projects or pipeline the new hires will serve
- The recruitment plan and its costs
- A cash-flow forecast covering the ramp-up period
Questions
What firms usually ask.
Can you get finance to hire staff before new work starts?
Often, yes. Practices that have won new projects or contracts can fund recruitment fees and salaries in the months before new people are fully productive. Lenders look at the pipeline, the practice’s accounts and how the new income will repay the borrowing. We search the market for suitable options.
Can training and qualification costs be financed?
Yes, training and qualifications can often be funded alongside recruitment, for example for new assessors, tutors or care staff. It is usually arranged as part of a working capital facility or business loan. We look at what you are funding and which lenders are most likely to support it.
How can a care provider fund staff for a new contract?
Care providers often have to recruit and pay carers before commissioners start paying for new packages. Funding can bridge that gap, covering recruitment, onboarding and early salaries. We structure the case around the contract and your existing income, then approach lenders with an appetite for the care sector.
Is recruitment finance a loan or a working capital facility?
It can be either. A short-term loan may suit a single hiring push, while a revolving facility can suit practices that grow in stages. The right shape depends on how quickly the new team generates income. We compare the options across the market before recommending one. The British Business Bank’s finance guidance explains the main options in plain terms.
Can architects borrow to hire for a project pipeline?
Often, yes. Architects frequently need to resource a project before the first stage payment arrives. Funding can cover recruitment and salaries while the team gets up to speed. Lenders will want to see the appointments won and the fee profile, and we help you present that clearly.
Let's talk
Growing the team?
Fund the people before the income.
Before you approach a lender, speak to someone who understands the transaction. Confidential, no-obligation initial discussion.
