FINANCE OPTIONS
Selective Invoice Finance for Haulage and Transport Firms
Selective Invoice Finance for Haulage and Transport Firms means you can get money quickly for just the invoices you choose, helping keep your cash flow steady without waiting for customers to pay. If you run a haulage or transport business, it's a smart way to get paid faster on specific jobs. Want to learn how it could work for you? Let's chat!
- Quick and easy application process
- Loan disbursed within 24 hours
- No additional charges for early repayment
What are the benefits of Selective Invoice Finance for Haulage and Transport Firms?
Selective Invoice Finance is a tailored financing solution for haulage and transport firms, allowing them to receive immediate cash against their outstanding invoices. This method helps businesses manage their cash flow more effectively by unlocking funds that would otherwise remain tied up until payment is received from customers. It is particularly beneficial for firms in the transport sector, where operating costs can be high and timely cash flow is crucial to maintain smooth operations and cover expenses.
Improved cash flow
Flexible funding options
Reduced financial strain
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What are the different types of Selective Invoice Finance for Haulage and Transport Firms?
Selective Invoice Discounting
A facility where haulage firms choose specific invoices to receive early payments against.
Selective Invoice Factoring
Haulage firms sell selected invoices to a finance provider for immediate cash and credit control support.
Spot Invoice Finance
A form of invoice finance allowing firms to raise funds from a single invoice as needed.
What is Selective Invoice Finance for Haulage and Transport Firms?
Choice and Flexibility
Haulage and transport firms can choose specific invoices they want to get early payment on, instead of having to finance all their invoices. This gives them control and flexibility over which customers or jobs to use for cash flow boosts.
Immediate Cash Flow Relief
Selective invoice finance allows businesses to get up to 70–90% of the invoice value quickly, so they can pay for costs like fuel, wages, repairs, and other expenses without waiting for customers to pay their bills.
No Long-term Commitment, but Active Management Needed
There is no need for a long-term contract or to commit your whole sales ledger, but each transaction usually comes with higher fees and requires the business to actively select and manage which invoices to finance.
FAQ’S
How does Selective Invoice Finance benefit haulage and transport firms?
Can I choose which invoices to fund with Selective Invoice Finance?
Is credit control managed by the lender in Selective Invoice Finance for transport firms?
Are there eligibility requirements for haulage firms to use Selective Invoice Finance?
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