Is your business ready for the big freeze?

Transport grinding to a halt is probably the single biggest economic blow when heavy snow hits the UK, and for owners of transport and haulage companies the cost of late deliveries, extra fuel charges and honouring strict contracts with clients can put a devastating strain on financial resources.  Be prepared this winter by ensuring you have suitable funding arrangements in place to ride out any potential cash flow problems associated with the weather.

Close Invoice Finance offers an award-winning range of invoice finance solutions, including Online Invoice Discounting and Factoring, that will help ease any financial pressure, allowing you to get on with what you do best - running your business.

Calculate the value you could release from your unpaid invoices

How does invoice finance work?

Invoice finance (Factoring or Invoice Discounting) is a smart way to fund your business and a direct alternative to a traditional bank overdraft or loan. You effectively sell us your unpaid invoices. We pay you up to 95% of their value the same day you raise them, so you have instant access to the money your customers owe you. Once you collect the debt, we pay you the balance less an agreed fee.

Factoring works in a similar way with the added support of a credit control team who collect the payments on your behalf.

We also offer Asset Finance and Leasing solutions through our sister company, Close Asset Finance.

How invoice finance works

Industry expertise

We understand the tight margins and fluctuating business cycles transport and haulage operators have to work under. Close Invoice Finance is experienced in creating flexible transport finance funding that frees up the working capital you need to keep you on the road.

Is Invoice Finance right for my business?

Our Invoice Finance solutions are suited to businesses with an annual turnover in excess of £500,000 that have multiple debtors. 

Do you want to know more?

• Download the 'Keeping the wheels of commerce turning' white paper
• Watch the case study on improving cash flow in the transport & haulage industry
• Visit our Transport & Haulage page
  

How invoice finance works

Start here

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You supply goods or
services and invoice
your customer

Forward a copy of the
invoice to Close manually
or electronically

Factoring
Funding & collections

Factoring
Funding & collections

We manage the
credit control and
handle the collection
of unpaid invoices

Your Close Invoice
Finance account
is credited with
the balance of
the invoices

Invoice Discounting
Funding only

Invoice Discounting
Funding only

You manage your own
credit control and
collection of
unpaid invoices

We advance you
cash at the agreed
repayment rate