Businesses In the transport sector are frequently faced with payment terms between 30-90 days. As your business has day to day running cots such as wages, fuel and insurance the payment lag can cause huge cashflow headaches.

Invoice Finance, otherwise known as factoring or confidential invoice discounting, can free up cash in your businesses outstanding invoices by eliminating payment terms. This will allow you to continue to pick up work knowing you have the ability to instantly receive up to 90% on the invoices you raise. This 90% can be used towards all your businesses cash requirements such as fuel costs and wages. You receive the remaining 10% when your customer pays, minus your pre agreed %. This is how it works: