Independent Business Finance Brokers
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Courier and Logistics Finance
Courier and Logistics Finance
Business costs seem never ending! In the courier and logistics sector it could a take a very long time to list them all, covering maintenance, staff wages, warehouses, fuel and list goes on… With lengthy invoice credit, your cash flow could be taking a hit! Not allowing for the funds need to take on more or bigger contracts!
Invoice finance by expert lenders have really made a difference. Most Courier and logistics companies are benefiting from using an Invoice Finance Facility (IFF). Most even require a bespoke solution that fits the needs of their business. At Grow Funding we pride ourselves on delivering that solution. We are FCA regulated and have an obligation to provide the best financial advice.
That is why Invoice finance is bridging the gap of cash flow with unpaid invoices. Receive up to 100% of your unpaid invoice within 24 hrs after the work is completed. Choose a bespoke service, by having a confidential facility where your customer does not have to know you are using a finance package. Or simply choose to have the lender and their trained professional credit controls collect the unpaid invoices. This can save you time, stress and money.
Some Of our existing courier and logistics companies have also taken out asset finance funding to cover the cost of a new /
pre-owned vehicle and lorries.
If you have more unanswered questions about invoice finance or asset finance and would like our help, please get in touch today. Our friendly team at Grow Funding are here to help.
Asset finance is a type of lending that enables you to access business assets such as equipment, machinery and vehicles without having to buy them upfront. It can also allow you to release cash from the value in assets you already own or use your existing assets as security against a business loan from an asset finance lender.
Business asset finance is typically attractive to businesses who want to put their growth plans into action but don’t necessarily have the ready cash, or business owners who would rather spread large costs over a longer period.
Short-term asset finance also enables businesses to remain competitive by making it easier for them to access the latest technology. Asset finance is a broad category that relates to valuable items in your business.
Here is one of our case studies of asset-based invoice finance –
Case Study - Feb - 2019
Invoice factoring for Essex based building company
This company had been awarded a large value contract with a London borough council to install new kitchens and bathrooms into their residential council properties. With limited funds in the bank to cover the cost of labour and materials, Grow Funding arranged a suitable Invoice factoring facility to allow the business to release cash tied up in their outstanding invoices. This means going forward at the point of them giving the invoice to the council they can factor the invoice to provide them with cash in the bank to cover their cash flow needs. An initial facility size of £165,000 was set up with view to this growing over time.
The Advantages:
• Credit insurance to protect you against bad debtors
• The funds are secured and valued against your assets
• Funds can be used for any business needs
• There is the possibility of being flexible in comparison to loans and overdrafts
Grow Funding ltd - 70 Goring Road - Goring by sea- Worthing - West Sussex - BN12 4AB
01903 660091
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