Haulage and Transport Companies

  • Factoring or Invoice Finance is a quick and effective way to release cash from unpaid invoices, fuel cards can be linked to facilities.
  • Access up to 95% of the gross value of each invoice.
  • Helps maintain a regular cash flow and enables you to meet fuels bills, drivers wages and other key operating expenses.
  • You can retain the credit control management and also have a confidential facility.
  • All facilities are operated online making the account run smoothly.

 

Few industries face as many variables such as the transport and logistics industry. Regardless of the turnover for a business in this area, the priority is to keep their fleet on the road and moving, making sure that driver’s wages, hire purchase, lease payments and fuel bills are all paid on time.

Volatile fuel costs, combined with the variations in exchange rates and an economy struggling to better its import and export ratios, competition from European transport companies make operating a profitable business increasingly difficult. In such a challenging climate, many hauliers are focussed on maintaining an operation that is successful and profitable. Unexpected repairs and keeping up with regulation can turn a small profit in to a loss and have an adverse effect on the company. In order to help ease this, cash flow is important and this is where Haulage Factoring can help.  

Alliance Commercial Finance specialises in the transport and logistics industry and understands the challenges that maybe faced each day. Haulage Factoring can provide an effective solution to preserving a steady stream of working capital. This ensures that drivers can be paid, vehicles can be re-fuelled and the movement of goods throughout the UK and beyond can continue.

Factoring or confidential invoice discounting can help fill this gap, your business sells their invoices to the factoring company, who will provide up to 90% of the cash tied up in your outstanding invoices. This money can be made available instantly and will help provide your business with its required cash flow. If you choose a factoring facility you will find the factoring company will chase for payments, leaving you more time to concentrate on your business. However if you wish to retain the credit control and some degree of confidentiality then we can consider finding you a confidential invoice discounting facility.

 

Bad debt protection

Bad debt protection gives peace of mind as it protects your business against the risks of one or more of your customers failing through insolvency or undisputed debt. It is particularly prudent if you are only trading with one or a handful of customers who you rely on for the majority of your turnover.

Also consider using Asset Finance, either via a hire purchase or lease agreement to help spread the cost of any new or used vehicles being purchased, or if you are looking to re-finance any existing vehicles to fund cash flow we can combine this with a factoring or confidential invoice discounting facility.

Being an independent factoring broker we are not tied to any one lender within the market and you will benefit from our years of experience allowing us to present you with the best options available for your business.

 

Whether you’re starting a new business, already established or if you are looking to improve your current confidential invoice discounting agreement or simply want to improve your cash flow and are unsure which type of invoice finance facility will suit your business, contact us on 01789 761 374 and speak to an advisor today or alternatively fill in our quick quote form for a call back.

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