Freight Factoring
Wednesday 12th March 2025
We compare all cash flow finance options for freight companies to make sure you get the right product and the best deal
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In this article:
- What is freight factoring?
- How does freight factoring work?
- Why choose freight factoring with Novuna Business Cash Flow?
What is freight factoring?
Freight factoring allows haulage businesses to convert outstanding invoices into immediate cash, rather than waiting 30, 60, or even 90 days for customers to pay. By partnering with a trusted provider like Novuna Business Cash Flow, you can receive up to 90% of your invoice value within 24 hours, improving cash flow and keeping your business running smoothly.
This financial solution is particularly beneficial for haulage operators who face ongoing expenses such as fuel, vehicle maintenance, and driver wages.
How does freight factoring work?
The process of freight factoring is simple and efficient:
Complete the job and raise an invoice – After delivering a load, send an invoice to your customer as usual.
Submit the invoice to Novuna Business Cash Flow – Instead of waiting weeks or months for payment, submit your invoice to us for factoring.
Access immediate funds – We advance up to 90% of the invoice value within 24 hours, giving you quick access to working capital.
Customer pays on agreed terms – Your customer pays Novuna Business Cash Flow directly in line with their payment terms.
Receive the final balance – Once the invoice is settled, we release the remaining balance, minus a small, transparent fee.
Why choose freight factoring with Novuna Business Cash Flow?
Keep cash flow moving - Avoid cash flow gaps by accessing funds quickly, ensuring you can cover essential running costs like fuel, wages, and repairs.
No more payment chasing - We take care of invoice collection, so you can focus on keeping your business on the road instead of worrying about late payments.
Scalable to your business - Whether you’re an independent operator or managing a fleet, our factoring solutions grow with your business needs.
Approval based on your customers’ creditworthiness - Unlike traditional bank loans, factoring is based on the credit history of your customers rather than your own, making it an ideal funding option for haulage firms looking to expand.
Transparent and flexible pricing - At Novuna Business Cash Flow, we believe in clarity and fairness. There are no hidden fees, and you’ll always know exactly what you’re paying.
Is freight factoring right for your business?
If late payments from customers are affecting your ability to manage day-to-day expenses, freight factoring could be the ideal solution. With fast funding, no additional debt, and a hassle-free process, Novuna Business Cash Flow helps haulage businesses maintain financial stability and focus on growth.
