Payroll Finance

Payroll Finance for Recruiters

Payroll finance solutions are specifically designed to help recruitment companies focus on growth by providing vital back office and administrative support across the business, in addition to the funding that’s required to pay temporary workers’ wages.

From calculating complicated tax deductions such as monthly wage payments and supplying dedicated HR support, to managing your credit control function and providing bad debt protection, payroll finance companies bring extensive expertise to your critical processes to leave you the time and resource to find new clients.

Also known as recruitment finance, the payroll finance provider additionally pays temporary workers’ wages on time and raises invoices to your clients, removing the burden entirely from your business.

At Hilton-Baird, we have a proven track record of introducing recruitment firms to the most suitable funding and back office solutions. Contact our team on 0800 9774833 to discover how we can help, or use our quote tool to find out how much funding your business could secure with a payroll finance facility.

How does payroll finance work?

Whilst providing the back office support elements listed above, the payroll finance company also releases the funding to pay temporary workers’ wages on time. Here’s how that part of the facility works:

  1. Your business forwards timesheets to the payroll finance provider
  2. They will then raise an invoice and send it to your client, based on the timesheets supplied
  3. The funder pays the temporary workers’ wages, calculating tax deductions and other elements such as student loan repayments, pensions and maternity pay
  4. Any surpluses are made available to your business
  5. The funder then collects payment from your client


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Is payroll finance right for my business?

If your business is active in the temporary recruitment arena, payroll finance could be a fantastic, all-encompassing solution to help boost cash flow and remove some of the associated back office headaches.

As a commercial finance broker, we can introduce your business to the most suitable finance companies on the market to ensure you’re benefiting from the right facility.

Call our team on 0800 9774833 to discuss your requirements in more detail and discover how we can assist, or get an instant quote.

Hilton-Baird were friendly, prompt, understanding and very helpful. Everything you could want from a commercial finance broker.

Scott Griffiths, Owner, Secure Education Recruitment

Some of the funders we work with

  • Partnership Invoice Finance
  • 4Syte
  • Sonovate
  • PNC Business Credit
  • Santander Corporate & Commercial
  • Trade Finance Partners
  • Royal Bank of Scotland
  • Giant
  • iwoca
  • MarketFinance
  • Haydock Finance Ltd
  • Davenham Trade Finance
  • Team Factors
  • Roma Finance
  • MaxCap
  • Investec
  • Barclays
  • Time Finance
  • Lloyds Bank Commercial Finance
  • Merchant Money
  • Calverton Finance
  • Ultimate Finance Group
  • Close Brothers Invoice Finance
  • Bibby Financial Services
  • Catalyst Finance
  • Nucleus Commercial Finance
  • Pulse Cashflow Finance
  • Woodsford Tradebridge
  • Skipton Business Finance
  • Metro Bank SME Finance
  • inFund
  • Aldermore Invoice Finance
  • Berkeley Trade Finance Ltd
  • IGF Invoice Finance
  • Davenham Asset Finance
  • Boost Capital
  • ABN AMRO Commercial Finance
  • Creative Capital
  • Regency Factors
  • Secure Trust Bank
  • Asset Advantage
  • InvoCap
  • Shawbrook Business Credit
  • Leumi ABL
  • Peak Cashflow

Authorised and regulated by the Financial Conduct Authority (FCA number 730445)
We are a credit broker and not a lender and offer credit facilities from a panel of lenders

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