Updated July 27th, 2022
Are you looking for Courier invoice finance and factoring options? If so then there are potential options available to you.
Courier Invoice Factoring
As a courier business you could be dealing with your customers direct or via one of the UK’s many freight exchange platforms for hauliers and courier business owners.
Some of these platforms allow courier companies to quickly link up with freight forwarders and other companies that need to make deliveries.
However with many customers direct or otherwise, 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 Invoice Finance Options Are Available For Courier 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 some courier platforms work and therefore may not offer funding.
However there are specialist funder’s available that will fund against invoices raised using Courier platforms and database services.
Lets cover some of the options.
Invoice Factoring For Couriers
With Invoice Factoring you can get access to up to 90% of your invoice value straight away. So as soon as you complete a courier job 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.
- Funds Available In 24 Hours
- Access Up To 90% Of Outstanding Customer Invoices
- Revolving Credit Facility
- Grows With Your Business
We can source a lender that will provide Courier Factoring, get in touch to discuss today.
Invoice Discounting For Courier Businesses
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.
- Confidential Invoice Discounting
- Release 90% of Unpaid Job Invoices
- Minimal Debt Verification
- Keep In House Credit Control
Related Article: Haulage Factoring Invoice Finance | UK Freight
Get A Quote For Courier Invoice Finance
We work with a number of funders that will consider funding against invoices raised on various Courier platforms.
Please get in touch to speak with one of our independent business finance experts.
Please Call 0161 5469128 or fill in the contact form below