2 min read
The double cost of a sudden departure
You face recruitment fees and interim cover, plus a dip in output while a replacement gets up to speed. Both land before the new person adds value.
Bridge the productivity gap
A short working-capital facility funds contractors or agency cover so customer commitments are met while you hire properly rather than in a panic.
Hire for the long term
Using finance to buy time means you recruit the right person, not the first available one. Check the extra cost is comfortably affordable on your affordability calculator.
What it means for you
Credicorp lends to your company, not to you personally, and takes no personal guarantee. See business loans or apply online when the numbers work.
Frequently asked questions
Can I use a business loan to pay for temporary staff?
Yes. Wages and interim cover are ordinary working-capital costs, and a short facility is a sensible way to fund them while you recruit a permanent replacement.
Is it worth borrowing just to cover recruitment?
If the vacancy threatens delivery or revenue, the cost of a slipped project usually outweighs the modest cost of bridging cover and hiring well.
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Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.