Red Dot Recruitment has secured a £250,000 facility from Secure Trust Bank Commercial Finance to help diversify into new markets with a series of acquisitions.
The business, which currently employs ten members of staff, provides full-time and temporary staff to call centres throughout the UK and now plans to expand into the healthcare and construction markets.
Secure Trust Bank said Red Dot Recruitment plans to use the additional funding for a series of acquisitions "designed to capitalise on these growing markets".
Red Dot Recruitment was established in 2013 and achieved a turnover of £945,000 in 2014. It is forecasting strong growth in the coming months with turnover expected to reach £2m this year.
Martin Warding, owner of Red Dot Recruitment, said: "There was a lot of red tape from our previous lender, which was restricting our growth plans.
"We have known the directors at Secure Trust Bank for a number of years and they have an excellent reputation within the market. Our new invoice facility is much more flexible, giving us the freedom to expand into new markets and help us double turnover next year."
Dave Green, regional sales director at Secure Trust Bank Commercial Finance, said: "Red Dot has an impressive track record with their turnover increasing year on year.
"We have provided the business with a cost-effective and efficient finance solution, which will speed up the firm's growth plans as it looks to make a series of acquisitions, particularly in the construction and healthcare sectors."
Headquartered in Warrington, Red Dot Recruitment also has bases in Manchester, Belfast and London.