I need to hire several people at once to deliver a new contract — how do I fund it?

A contract that needs several new hires at once front-loads a big wage bill before the income arrives; a facility funds the ramp so you can staff up and deliver. A sizeable new contract can require hiring several people quickly. Their wages start immediately, but the contract's payments arrive later — a concentrated version of the growth cash gap.

I need to hire several people at once to

2 min read

Bulk hireBig wage bill

Before revenueContract pays later

Fund the rampWorking capital

Staffing up all at once

A sizeable new contract can require hiring several people quickly. Their wages start immediately, but the contract's payments arrive later — a concentrated version of the growth cash gap.

Fund the ramp-up

A working-capital facility covers the new wage bill until the contract pays, and invoice finance releases cash as you bill it. Together they let you staff up and deliver.

Confirm affordability

Check the contract comfortably covers the new payroll plus finance on the affordability calculator before you commit to the hires.

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

How do I fund hiring several staff for a new contract?

A working-capital facility covers the new wage bill until the contract pays, and invoice finance releases cash as you bill it — so you can staff up and deliver without a cash squeeze.

Can I afford to bulk-hire for a contract?

Check the contract comfortably covers the new payroll plus finance on an affordability calculator first. If it does, a facility bridges the wages until the contract revenue lands.