New and used trucks, trailers, and warehouse equipment finance
Haulage Finance
The UK Haulage Sector is paramount to the UK economy, however, it is an industry which is increasingly being hit by rising costs and reducing margins.
Fuel price rises, staffing costs, licensing costs and increasing Truck and Trailer costs are all having an effect. Add to this, the fact that the haulage sector is one of the most fiercely competitive industries, and it is no surprise that most haulage companies want the most cost-effective financing solutions.
Asset Finance for Truck and Trailer Finance
Using either Hire Purchase or Leasing it is possible to finance your truck and trailer purchases.
Our lenders can finance new or used Trucks and Trailers so there will always be an option available.
Using haulage finance enables you to keep your fleet updated and gives you the certainty of fixed monthly repayments over the agreed time period of the facility.
We have assisted small operator companies through to a haulage firm with over 100 trucks on the road.
Haulage Factoring and Cashflow Finance
With margins being so tight within the haulage sector and cash flow paramount to survival, we assist many haulage firms in their cash flow finance.
It is not uncommon for many haulage clients to report that some of their customers demand credit terms in excess of 60 days! This delay in getting outstanding invoices paid can cause a real headache to haulage businesses.
Using a Cashflow Finance facility such as Factoring or Invoice Discounting means that up to 90% of outstanding cash can be released in as little as 24 hours. Once the debtor pays the invoice, you then receive the remaining percentage less a small fee.
Factoring or Invoice Discounting is a facility that grows in line with your sales, unlike a traditional fixed amount overdraft.
A cash flow facility can be a real lifesaver to many haulage businesses.
To find out more about factoring and Invoice discounting, please click here
Warehouse Finance
A mixture of asset finance and/or business loans can provide the finance you need for all your warehouse needs.
You may wish to buy a new forklift or other material handling equipment. We can help with that.
We can also help you with financing for racking and other warehouse fitments or refurbishment projects.
Haulage Refinance
In certain circumstances, it is possible to refinance existing finance facilities on Trucks and Trailers and you may benefit from more preferential terms. Also, you may need an input of cash into the business and refinancing equipment may provide you with the cash input you need.
Bad Credit Haulage Finance
If you are looking to finance a truck or trailer and have a bad credit score, please get in touch with us as we have had much success in the past placing bad credit truck finance deals.
How Do I Find Out More?
Are you interested to find out more about haulage finance? Contact us on 01554 562563 or fill in our contact form