Invoice Finance in the Haulage Industry

Key Questions the finance provider will ask

Do you work for other haulage businesses?

Do you retain copies of POD's

Are you a member of a pallet network?

Things the finance provider will look out for

Contra

Are there any customers who also appear on your purchase ledger? Ths may give rise to a potential offset in the event of a business failure so a reserve may be required.

Proof of Delivery

Are copies of dellivery notes retained or returned to the customer? Most Finance providers will require POD's to be retained.

Operators Licence

It is essential that all operators hold a valid operators licence.

Storage and Warehousing

Any invoces raised for the storage or warehousing of goods need to be in arrears of the time period invoced for.

Hub and Spoke

When part of a pallet network there is a risk of offsetting sales and purchase invoices and often these invoces are excluded from any nvoce Finance Facility.

The above may result in offering lower prepayment levels. Improving the above areas will reduce costs and improve cash availablty.

Call us on 0845 643 4722 if you are n this sector and looking to improve your cashflow.