For UK-based haulage businesses, cash flow can often feel like a juggling act. With typical customers taking up to 45 days to pay invoices, it’s no surprise that many haulage companies face cash flow pressures. This is where invoice finance can be a game-changer, providing immediate access to funds and allowing businesses to stay ahead of expenses and grow without waiting for clients to pay. Here’s how it works, step by step. What is Invoice Finance? Invoice finance is a financial service that allows businesses to unlock cash tied up in unpaid invoices. Instead of waiting weeks or months for payment, a haulage company can receive up to 90% of the invoice value upfront from a finance provider. When the client pays the invoice, the haulage business receives the remaining balance, minus a small fee for the service. Let’s break down the process using the example of a haulage business with customers who typically pay 45 days after invoicing. Step-by-Step Guide: How Invoice Finance Works Step 1: Business Delivers a Service and Issues an Invoice Step 2: Submit the Invoice to the Invoice Finance Provider Step 3: Receive Upfront Funding (Up to 90% of Invoice Value) Step 4: Business Uses the Funds to Cover Expenses Step 5: Customer Pays the Invoice Step 6: Business Receives the Remaining Balance Minus Fees Benefits of Invoice Finance for Haulage Businesses Types of Invoice Finance Haulage businesses may find that different forms of invoice finance work better for their unique needs: Is Invoice Finance Right for Your Haulage Business? Invoice finance is ideal for businesses with long payment terms and high upfront costs, making it a great fit for haulage companies that need to bridge the gap between completing jobs and receiving payment. The predictable, quick access to funds makes it easier to manage cash flow, invest in growth, and cover operational costs without added debt. If you’re ready to take control of your cash flow and avoid the long wait for client payments, invoice finance could be the right solution for your haulage business. Reach out to a finance provider to explore options and find a service tailored to your needs.