factoring for hauliers

Factoring is particularly useful for hauliers providing finance to stay on the road.

If you are a haulier, chances are you have to pay for your expenses pretty quickly, petrol, trailer hire, duty and other vital expenses have to be paid. Meanwhile your customers will take 30 days (and the rest) to settle your invoice. Factoring can & does help. With up to 95% of the gross invoice value available within 24 hours of the invoice being raised you have cash at hand to settle those bills where non-payment may result in you being off the road. The Factoring company will also professionally manage your ledger not allowing customers to withhold payments that are due. If needed the Factor will provide credit insurance, so as long as you work within pre-agreed limits you'll be covered in the event your customer goes bust. There are significant variations in service levels and costs so give Factoring Partners a call to receive completely impartial advice. Factoring Partners has been helping businesses for 10 years now with hundreds of companies enjoying greater funding levels. Factoring Partners can offer impartial opinions on the merits and suitability of services offered, and cut through the jargon, explaining clearly how the facility will work.