Haulage Invoice Finance for Drivers & Fuel | Go-Factor

A haulage company can use invoice finance to pay drivers, fuel and operating costs before customers settle their invoices. Instead of waiting 30, 60 or 90 days for payment, the business can release working capital from eligible unpaid B2B invoices.

Go-Factor can obtain an indicative funding offer the same day and put funding in place within one week, helping keep drivers paid, fuel accounts covered and vehicles moving.

Quick Answer

You do not have to wait 30, 60 or 90 days for customers to pay. Haulage invoice finance can release cash from eligible unpaid invoices, helping your business meet driver wages, fuel bills and other operating costs.

How Go-Factor Solves the Problem

1. We Assess the Position

Tell Go-Factor about your customers, unpaid invoices, payment terms and the amount required for driver wages, fuel and other immediate costs.

2. We Compare the Right Funders

Go-Factor identifies the funders most likely to support your haulage business and compares the funding, customer limits, costs and terms available.

3. We Move Quickly

Go-Factor can obtain an indicative offer the same day and put your invoice finance facility in place within one week.

Why Use Invoice Finance for Drivers and Fuel?

Driver wages and fuel bills cannot wait for late-paying customers. Invoice finance turns eligible unpaid B2B invoices into accessible working capital, helping your haulage business meet its commitments and keep its vehicles moving.

The facility revolves with your sales. As your business completes more work and raises more eligible invoices, more funding can become available.

What Can the Funding Cover?

• Weekly or monthly driver wages.
• Fuel and fuel-card commitments.
• Tyres, servicing and vehicle repairs.
• Insurance and other operating costs.
• Additional drivers and routes for a new contract.
• Recruitment and continued business growth.

Have You Won a New Haulage Contract?

A new contract can require additional drivers, fuel and vehicles before the first customer payment arrives. More work creates more turnover, but it can also create an immediate cash-flow gap.

Go-Factor can assess the contract, calculate the funding required and identify invoice finance providers capable of supporting the additional sales.

If cash is required before the first invoice can be raised, Go-Factor can also explore revolving credit, asset finance or another appropriate funding solution.

Can a New Haulage Company Get Invoice Finance?

Yes. A new haulage company will not have years of accounts. Invoice finance focuses on the invoices being raised, the strength of the customers, the transport work completed and the directors’ industry experience.

This makes invoice finance particularly effective for new haulage and transport companies that must pay drivers and fuel before customers pay.

Learn more about new-start business funding.

Should I Approach Every Invoice Finance Provider?

No. Do not flood the market with the same enquiry. Approaching multiple providers can cause unnecessary searches against your company, create duplicate applications and weaken your position before the right funder has assessed the opportunity.

Go-Factor coordinates the process, identifies the funders most likely to support your haulage business and presents the opportunity properly. You save time, avoid unnecessary searches and gain an experienced professional negotiating on your behalf.

Go-Factor insight: The highest advertised advance rate does not always release the most cash. Customer limits, concentration restrictions and reserves determine how much working capital is genuinely available to pay drivers and fuel.

What Does Go-Factor Need Today?

Start with a quick conversation. Tell Go-Factor about your business, why cash flow is under pressure and how much funding you need.

Go-Factor will assess your requirements, speak to the right funders and move the strongest solution forward immediately. You can receive an indicative offer on the same day. You do not need to complete a complicated application before speaking to us.

Learn more about haulage invoice finance for UK transport businesses.