Cash flow in the haulage and transport industry can be difficult, with rising fuel prices and high operational costs.
This can cause serious issues for a company when it wants to expand by acquiring new vehicles or pitching for new business.
Transport finance offers a way for businesses to release working capital, specifically from haulage and freight transactions, that might otherwise remain tied up in invoices for long periods of time, allowing them to grow.
Transport finance comes in the form of asset-based lending, usually where loans are secured against assets (i.e. vehicles).
We help a range of transport businesses including couriers, hauliers and distributors to take control of their cash flow, without needing to put their vehicles up as collateral.
Our online platform gives clients access to funds in outstanding invoices, otherwise tied up for up to 120 days.
We’re entirely different to traditional factoring. Businesses can sign up online, sell an invoice and draw down funds on the same day.