Southern Region funding helps drive haulier business to further success
We are pleased to have been able to support an established Essex based haulage company with a £250k invoice finance line to assist with cashflow and to provide funds to help reorganise its operations in anticipation of growth in the near future.
This business had seen a rapid demand for its drivers from a leading supermarket chain, fuelled by the Covid-19 crisis. Its previous funder had restricted funding availability by placing a cap on this key account.
Advantedge were able to step in and offer a replacement facility that funds this scenario in its entirety, enabling the business to add to its vehicle fleet, whilst giving it the means to cover the resulting increased overheads and to welcome back its furloughed staff much earlier than anticipated.