Recruitment Finance & Funding

Funding and finance are an essential for recruitment agencies; startup funding, even more so. Money comes in and out of your business and timing, balancing and managing funds will be a skill and tool that you’ll need to have in place.

As funding experts, New Millennia offer financial services and assistance in the complex task of balancing accounts, helping startup businesses succeed in recruitment.

Our finance solutions offer a superior alternative to invoice factoring and payroll funding, meaning an end to your cash flow concerns.

You’ll discover a level of transparency that is not found with other invoice factoring and financing and your clients and temps will experience this too. With individual online portals where timesheets and invoices can be uploaded, the whole process provides clarity and security for all parties.

Invoicing

Options for finance solutions are not as openly available to many startups as they may be to more well established firms, however startups are the ones who often require this support the most. Recruitment startup finance can be less readily available from banks or lenders as there is no history of good credit in a brand new business. New Millennia does not require proof that a startup is eligible for credit, meaning simpler more accessible funding for your recruitment startup.

Rather than waiting for invoice payments to arrive and risking dissatisfied temp workers, New Millennia provide 100% funding as soon as your invoices are raised, we then absorb the task of collecting the invoices directly ourselves; no waiting, no delays and no hassle.

Payroll

The task of issuing payslips, managing timesheets and expenses as well as issuing P45s can all be undertaken by our bespoke, specialist finance services.

With our recruitment agency payroll funding, payment delays due to cash flow can be a thing of the past, swift and sleek payments are made exactly when they should be regardless of startup cash flow. Our experience of over 15 years and our startup funding and finance solutions mean temp workers can be kept satisfied by your services and your reputation can be maintained as a reliable recruitment agency.