Hauliers often find themselves having to accept lengthy payment terms to win business. This can vary but typically can be between 30 to 120 days. By using invoice finance 90% of any outstanding invoices will be made available and therefore provide an immediate cashflow injection. This cashflow support will allow you to focus on running your business and remove the concern of worrying when your customers will pay. When you have payments to make such as wages and fuel costs it is critical to have the working capital available to run your business. This is how it works:
When looking to raise finance for your business there are many cashflow solutions available. If you are looking to add to your fleet your business may benefit from Asset Finance where you can spread the cost of a vehicle across several years. This allows you to keep cash in the business for day to day working capital.
If you are looking for an additional cashflow injection you may be able to raise finance against any unencumbered vehicles which your business owns. If you would like to know more on how we can help raise finance for your business, please get in touch.
