From this month recruitment agencies will be able to access many types of funding from CashFriday in a move by its parent, Lloyds TSB Commercial Finance, to provide a one-stop finance shop for the recruitment sector.
Agencies of all sizes can approach CashFriday for funding for cars, office equipment, premises, sales invoices as well as for payroll services and finance traditionally offered by the company.
John Jenkins, Sales Director of Lloyds TSB Commercial Finance explains, ëWe have trained our salespeople to take a holistic approach and look at an agencyís complete range of assets against which we can release funding not just for cash flow but for expansion and development.
ëWe want to help agencies understand their options for raising money both against their existing assets and for acquiring new assets like cars and premises.í
Lloyds TSB Commercial Finance bought CashFriday in 2001, has 14,000 clients and in 2003 lent over 2 billion to business in the UK.
Major product expansion for CashFriday
.