Giant Finance+ Recruitment Finance
Giant Finance+ is a specialist recruitment-only invoice finance provider based in Cheltenham with over 15 years of experience. They stand out for offering up to 100% advance rates, accepting startup agencies, and providing full back-office support including payroll, credit control, and contractor management.
Giant Finance+ is a Cheltenham-based recruitment-only invoice finance provider with 15-plus years of experience, offering advance rates up to 100% and accepting startup agencies.
More detail + scope
Summary
Giant Finance+ is a recruitment-only invoice finance provider based in Cheltenham with over 15 years of experience. It advances up to 100%, accepts startup agencies and provides full back-office support including payroll, credit control and contractor management. Service charges run around 2.5% with discount charges at base rate plus 3.5%, built around the recruitment temp-desk model.
This page covers
Giant Finance+ recruitment invoice finance, advance rate, startup acceptance and back-office support
Not covered here
General invoice finance education (see /guides/), non-recruitment sectors (see /industries/), the full provider directory (see /providers/)
Key Facts
When Giant Finance+ Recruitment Finance Fits
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Startup recruitment agencies (0-12 months trading) with £50k-£500k turnover
Giant Finance+ is one of very few UK invoice finance providers that actively accept brand-new recruitment agencies with no trading history, offering up to 100% advance to solve the cash flow gap inherent in paying contractors before receiving client payment.
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Growing recruitment agencies (£500k-£5m turnover) needing full back-office support
Their full back-office service includes payroll, credit control, contractor management, and compliance, removing administrative burden so agency owners can focus on placement activity rather than chasing invoices or processing timesheets.
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Specialist or niche recruitment agencies (IT, healthcare, construction) requiring sector knowledge
With 15+ years recruitment-only focus, Giant Finance+ understands contractor engagement models, umbrella company interactions, and sector-specific payment cycles that generalist invoice finance providers often mishandle.
When to Look Elsewhere
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Non-recruitment businesses requiring invoice finance
Better fit: Close Brothers. Giant Finance+ only serves recruitment agencies, so any business outside this sector needs a generalist provider.
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Large recruitment agencies (£10m+ turnover) seeking lowest headline rates
Better fit: Lloyds Bank Invoice Finance. High-street bank invoice finance typically offers keener pricing for established large agencies, though with less flexible terms and slower underwriting.
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Agencies wanting confidential invoice discounting without client notification
Better fit: Sonovate. Giant Finance+'s model involves taking over credit control, so it's visible to clients; Sonovate offers confidential facilities where the agency retains control of collections.
How Giant Finance+ Recruitment Finance Compares
| Provider | Type | Min facility | Fee from | Advance to | Speed |
|---|---|---|---|---|---|
| Sonovate | both | £100k | 1.5% | 90% | 5 days |
| Ultimate Finance | factoring | £50k | 2.0% | 85% | 7 days |
| Pulse Cashflow | factoring | £100k | 1.8% | 95% | 10 days |
| Time Finance | both | £250k | 1.2% | 85% | 14 days |
vs Sonovate: Sonovate offers confidential invoice discounting where the agency keeps credit control, whereas Giant Finance+ takes over collections as part of full back-office support.
vs Ultimate Finance: Ultimate Finance serves multiple sectors including recruitment but rarely offers 100% advance rates or accepts true startups without trading history.
vs Pulse Cashflow: Pulse Cashflow specialises in payroll funding for contractors but doesn't provide the same level of back-office credit control and compliance support.
vs Time Finance: Time Finance offers invoice finance across sectors with competitive rates but requires established trading history and doesn't typically advance 100% or provide full back-office services.
Worked Example
A Manchester-based IT recruitment startup with £300k projected first-year turnover
Setting Up With Giant Finance+ Recruitment Finance
- 1
Initial consultation
Contact Giant Finance+ with your forecast invoicing volumes and contractor numbers. Because they specialise exclusively in recruitment, they can quote quickly even for pre-revenue startups, typically within 48 hours of seeing a business plan and client pipeline.
- 2
Due diligence and onboarding
Provide director ID, company formation documents, and details of client contracts. For startups, Giant Finance+ focuses on quality of client base rather than historical accounts. Setup typically takes 5-10 working days including credit checks on your end clients.
- 3
Back-office integration
Giant Finance+ integrates with your recruitment software (Bullhorn, Vincere, etc.) to handle timesheet processing, invoice generation, contractor payroll, and client collections. You submit approved timesheets, they fund contractors and chase payment, with funds typically released within 24 hours of timesheet approval.
FAQs
Why does Giant Finance+ offer 100% advance when most providers cap at 85-90%?
Giant Finance+ retains a small reserve (typically 5-10%) to cover potential bad debts and fees, but releases the full invoice value minus their charges once the client pays. The near-100% advance is possible because they control the entire collections process and have deep recruitment sector credit risk expertise, allowing them to assess contractor and client risk more accurately than generalist lenders.
Can Giant Finance+ handle umbrella company and limited company contractors simultaneously?
Yes, their back-office system manages mixed contractor models. They fund umbrella invoices directly to the umbrella company and limited company contractors via their own payment systems, ensuring compliance with IR35 regulations and maintaining proper audit trails for each engagement type.
What happens if a client disputes an invoice or refuses to pay?
Giant Finance+ manages the dispute resolution process as part of their service. They don't automatically debit your account for non-payment, instead working with you to resolve issues. If a client genuinely won't pay due to contractor performance issues, the debt may be offset against your reserve fund, but they assess each case individually rather than applying blanket recourse.
How does pricing compare to a traditional business loan for recruitment agencies?
Giant Finance+ charges a service fee (typically 1.5-3% of invoice value) plus a discount charge (base rate plus 2-4%). For a £300k turnover agency, monthly costs might be £600-900. A term loan would be cheaper if you can secure one, but most high-street banks won't lend to recruitment startups, and the full back-office support (worth £1,500-2,500/month if purchased separately) is included in Giant Finance+'s fee.
Our Verdict
Giant Finance+ is a strong choice for recruitment agencies, particularly startups that need funding from day one. The up to 100% advance rate is among the highest in the market, and the full back-office support means new agency owners can focus on winning clients rather than chasing payments. Over 15 years of recruitment-only focus gives them genuine sector expertise.
Director, Market Invoice
Oliver leads Market Invoice's editorial and comparison research. With a background in UK commercial finance, he oversees provider analysis, rate verification, and industry reporting across all verticals.
Last reviewed: 8 April 2026