Payroll funding to grow your business
FastTrack Funding is specifically designed to help leading staffing organisations like yours achieve their goals. By bridging the time difference between paying cash out to candidates and later receiving cash in from billing clients, FastTrack Funding gives you the rare ability to free up some much-needed cash, alleviating the high amount of stress and pressure routinely felt by recruitment companies.Pursue growth opportunities Fund client payroll and be relieved from uncomfortably tight cashflow due to customers delaying payment Eliminate the burden of heavy administration required from your existing invoice finance facility Have a backup just in case things get tough Save with no set up fees, lock in period or property security required Use the due diligence you have undertaken to become a FastTrack customer to facilitate faster and simpler finance approval to match your payroll obligations
How It Works
You start by selecting the invoices that you wish to be funded to meet the payroll requirements of your workforce. When the invoice is later paid by your customer, FastTrack Funding is repaid, returning the net difference to you. It’s as easy as 1,2,3!
STEP 1Send the original invoice to your client and a copy to FastTrack Funding
STEP 2FastTrack Funding will then send you up to 90% of your client’s invoice
within 24 hours so you can pay your workers their wage.
STEP 3Once FastTrack Funding are paid by your customer,
you receive the balance minus any agreed fees.
FastTrack have partnered with A+Positive, a leading finance provider for the workforce industry, specializing in payroll funding and invoice finance. They are an RCSA Premium supporter, an APSCo Gold supporter and the exclusive RIB Report sponsor.