£40k invoice finance & fuel card facility helps haulage firm fuel growth
An Essex-based haulage company has secured a £40,000 invoice finance facility from Ashley Business Finance to help drive the business forward.
The company, which started 2013, already has two trucks and will use the funding to buy a third. It also plans to develop the yard from which it operates into a warehouse and distribution centre.
As the business has grown, the director decided to a step back from driving to focus on managing the business and securing more contracts. However he needed a steady cashflow and reliable source of finance to get the wheels in motion.
He contacted an introducer who referred him to Ashley Business Finance, which has put a full invoice finance facility in place to allow him to release capital upfront, rather than waiting 30 days for customer payment. Ashley is also providing fuel cards to help the company keep on top of fuel expenses.