Are you looking for Courier Exchange invoice finance and factoring options? If so then there are potential options available to you.
As you may know ‘Courier Exchange‘ is one of the UK’s leading freight exchange platforms for hauliers and courier business owners. It allows courier companies to quickly link up with freight forwarders and other companies that need to make deliveries.
However with many of the jobs on the platform you may need to wait 30 or even 60 days until your invoice is paid. In order to plug this gap in cash-flow you may need a suitable finance facility to help you business grow.
What Finance Options Are Available For Courier Exchange Companies?
There may be more than one funding option available to your business, dependant on a number of key factors. Some High Street banks may not be familiar with how CX works and therefore may not offer funding. However there are specialist funder’s available that will fund against invoices raised via the Courier Exchange platform.
Lets cover some of the options.
With Invoice Factoring you can get access to up to 90% of your invoice value straight away. So as soon as you complete a job with CX and raise an invoice, you can get the funds. Once your customer pay the finance balance is repaid along with any fees and the reminder is added to your available funds.
- Access Up To 90% Of Outstanding Customer Invoices
- Revolving Credit Facility
- Grows With Your Business
We can source a lender that will provide Courier Exchange Factoring, get in touch to discuss today.
Another finance options is Invoice Discounting, this is similar to Factoring but is done on a confidential basis. This option is usually only available to more established companies (2 Years + Trading) and higher turnover.
Get A Quote For Courier Exchange Invoice Finance
We work with a number of funders that will consider funding against invoices raised om Courier Exchange.
Please get in touch to speak with one of our independent business finance experts.
Please Call 01204 860113 or fill in the contact form below