Invoice finance allows your transport business to have a cash flow that can help it grow. It’s a way of leveraging against outstanding invoices to release working capital. You can release up to 95% of all outstanding invoices, giving you a boost to your businesses cash-flow, whilst having the security of the funding. You can also credit insure all your invoices to protect against defaults in payments.
Running a transport, haulage, or courier business often incurs cash-flow issues due to high asset finance costs that include trucks, vans, and machinery.
With the added pressures of daily expenditure such as fuel and wages, compounded with 30, 60, or even 90-day payment terms, cash flow can become problematic. That’s why the largest businesses in Bristol and the UK use invoice finance to support their business.