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An unsecured term loan is commonly used for hiring and desk expansion, bridging short-term cash gaps between placements and invoice receipts, and funding activities like lead generation, marketing, or recruitment technology. Lenders often look for sustained trading, no material missed payments, and evidence that monthly debt service fits your historic cash flow.

A secured term loan can help you fund growth that needs time and continuity, such as expanding permanent or contract recruitment teams, relocating or refurbishing, upgrading CRM and ATS systems, or consolidating higher-cost borrowing. Because security may reduce risk for the lender, typical pricing can be lower than unsecured, and the decision cycle can take 10 to 25 working days after full documentation.

With an invoice-cap style hybrid, the effective cost may reflect interest and monitoring costs, and the facility depends on eligible invoices. For recruitment, this structure can address timing pressure when payroll and delivery costs are constant but collections arrive later. Expect a longer review process, often 15 to 30 working days, because lenders may assess systems, debtor eligibility rules, and reporting arrangements.