Invoice finance has long been misunderstood. For many recruitment businesses especially those experiencing rapid growth or juggling multiple contractor payrolls. The idea of releasing cash tied up in unpaid invoices sounds perfect.
Yet outdated myths often get in the way.
At Giant Finance+, we speak with recruiters daily who are surprised to discover that invoice finance is exactly what they need. So, let’s clear the air and bust some myths:
1. It’s only for struggling businesses
Not at all.
Invoice finance is commonly used by profitable, growing agencies to unlock working capital. It’s a tool for progression, not a sign of trouble.
It also means you can trade from day one without worrying about cash flow.
2. It's too expensive
Let’s rethink that.
Compared to the cost of late payments, missed opportunities, or high-interest loans, invoice finance can be a cost-effective way to keep your cash flow healthy.
And at Giant Finance+, we keep things transparent and competitive.
3. We’ll lose control of our client relationships
Not with us.
Our funding works seamlessly behind the scenes. Your clients continue to interact with you as usual – we simply ensure you get paid faster.
4. It’s only for large agencies
Size doesn’t matter.
Whether you’re just starting out or expanding fast, invoice finance can be tailored to suit your business needs.
5. It’s too complicated to set up
We’ve heard this one a lot.
But in reality, getting set up is straightforward and our dedicated team handles the hard bits, keeping the process smooth and jargon-free.
6. Clients will think we’re in trouble
Not anymore.
Invoice finance has become standard practice in recruitment.
Many of your clients will actually see it as a positive - a sign of a well-structured business with a clear grip on finances.
7. It’s risky if clients don’t pay
Not with the right partner.
At Giant Finance+, we provide an experienced Credit Control team and Bad Debt Protection to ensure your cash flow is protected.
We also review contracts and help you vet new clients, so you’re always risk-aware.
8. It doesn’t work with contractors or timesheets
It does and we specialise in it.
We’re built for agencies working with temporary and contract placements.
Timesheet-based billing? That’s our bread and butter.
9. It’ll take too long to get paid anyway
Think again.
With Giant Finance+, you’ll usually receive funding within 24 hours of invoice approval.
It’s quick, efficient, and designed to fit recruitment timelines.
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10. You need a long trading history or perfect personal credit
Not true.
Traditional lenders may weigh heavily on credit history, but invoice finance is different.
It’s based on the strength of your invoices and your clients’ ability to pay.
At Giant Finance+, we understand that newer agencies and entrepreneurs need support - not roadblocks.
We assess each case fairly and work with you to find the right solution, regardless of how long you’ve been trading or your personal credit score.
Final thought
We get it, invoice finance has a reputation. And not all of it’s deserved.
But at Giant Finance+, we’re doing things differently:
No unnecessary complexity.
Just fast, flexible funding that grows with your recruitment business.
Want to learn more?
Get in touch with the team at giant finance+ to find out how we can help you focus on what matters most – running your agency and growing your business.
