Aldermore has today announced that it is launching a new funding initiative to help the road haulage industry across the UK ease their cash flow and help with fuel costs.
The facility links the standard invoice finance product to a fuel card, so not only can haulage company's release the money tied up in unpaid invoices, they also benefit from 14 days' free credit on all fuel purchases.
Darren Cottenden, head of road haulage funding for Aldermore, said: “The UK transport industry, which accounts for more than 50,000 transport firms and approximately 425,000 vehicles, has had to endure the double-whammy of reduced business levels and increased fuel prices over the past couple of years.
“The facility is available to any size of firm, which will receive support from a dedicated haulage industry finance expert based in one of our regional offices. The combination of invoice finance and a fuel card is unique in the UK and we anticipate significant interest from transport operators.”