Factoring or invoice finance is a quick and effective way to release cash from unpaid invoices.
Access up to 95% of the gross value of each invoice.
Helps maintain a regular cashflow and enables you to meet start up costs and expenses.
You can retain the credit control management and also have a confidential facility.
All facilities are operated online making the account run smoothly.
do you need funding for your start up business?
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.