Invoice Finance for haulage businesses: How does it work and what are the benefits?

Businesses within the haulage sector have experienced a significant change in demand over the last 12 months, whether it has been increased demand when supermarkets were in need or a decrease in required services as businesses ceased to trade. Invoice Finance can be very beneficial for businesses within the haulage and logistics sector. It allows businesses to benefit from extra monthly funds to invest in vehicles, keep on top of fuel and tax payments, as well as making sure employees are paid on time.

COVID Focus: The Logistics Sector

The COVID-19 pandemic has been undoubtably challenging for businesses everywhere. The logistics sector was faced with a vast range of new and unexpected challenges and businesses within this sector were forced to adapt to the changes brought on by the pandemic. The challenges, though still difficult, were somewhat different to those faced by businesses in other sectors. Where many sectors found themselves out of demand and with staff furloughed, businesses working in the logistics and haulage sectors saw a huge surge in demand, particularly at the start of the lockdown period.