Invoice Factoring for Haulage Companies
Are you running a growing haulage business with a significant amount of money tied up in your debtor ledger through unpaid invoices? Is the problem becoming greater and holding you back the faster your business grows? This is where invoice factoring for haulage can help.
What is invoice finance for transport and haulage businesses?
For transport and haulage companies, invoice factoring for haulage and transport companies is very beneficial to keep a steady cash flow and meet the high cost demands of this type of business. When you are regularly waiting for clients and suppliers to pay their invoices it can put huge pressure on your business potentially making it difficult to meet high day-to-day fuel costs and the quick turnaround times required in this industry.
Whereas haulage factoring or invoice discounting can provide you with the cash you need quickly and confidentially whilst also giving you the opportunity to maintain control of your own debtor ledger. If customer service and client relationships are of particular importance to you, then invoice discounting could be the ideal solution for your cash flow.
We know the importance of a steady cash flow available at all times to keep haulage businesses and their vehicles moving; we work with you to make finding you a haulage invoice factoring facility as easy as possible. A secure credit facility provides you with an effective solution speeding up the order-to-payment chain and ensuring drivers can be paid, goods can be moved and vehicles can be refuelled. With years of experience working with haulage, transport businesses like yours and our panel of funders, we make it easy for you to obtain the money you need for your business as quickly as possible.
CHOCS (Client Handles Own Collections) is readily offered to haulage and transport businesses. It is basically a kind of invoice factoring facility however instead of the invoice funder doing the credit report control you manage your own credit control. In a similar method to invoice factoring, but your client will not know there is a funding facility in place