The haulier who stopped financing his shippers.
Diesel is paid this week, the shipper pays in two months. Here is how a factoring facility turned delivered loads into same-week cash, and what it changed about which contracts the firm could take.
- Facility£280,000
- Advance rate90%
- First funds3 days
The squeeze
Eight trucks meant roughly £30,000 a week going out the door before a single invoice was settled: diesel, driver wages, tyres, tolls. The shippers and freight forwarders on the other side paid on 60-day terms and treated that as a courtesy rather than a deadline.
At any moment around £250,000 sat unpaid in delivered loads. The firm had the work, the trucks and the drivers to expand onto two new lanes, and none of the cash to bridge two months of running costs per contract.
The facility
We introduced the firm to a funding partner comfortable with haulage: proof of delivery documentation is clean, the debtors were established freight names, and the book turned reliably even when it turned slowly.
The partner advanced 90% of each invoice on submission of the POD. First funds arrived three days after the introduction. Fuel and wages now draw against loads delivered the same week, not loads delivered two months ago.
A year later
Both new lanes were taken on. The firm added two trucks and now prices 60-day terms into quotes without flinching, because the terms no longer decide whether payroll clears.
What changed.
Delivered loads become cash the same week, against the POD
Two new lanes and two trucks added without outside investment
60-day shipper terms stopped dictating which contracts to take
Details anonymised and figures rounded to typical UK market ranges. Every facility depends on the funding partner's review of the specific business.
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