“Our Factoring facility takes away the burden of chasing debt and means that we can get on with running our business”
Like many hauliers, Manchester based Harvey Transport have the dilemma of having to pay for wages and fuel weeks before their debtors pay them. Director Lee Harvey describes how their Factoring facility with Positive provides them with a solution to their cashflow requirements:
“We have to pay most of our outgoings before our customers pay us. Therefore, invoice finance is an ideal way of funding the business as we receive 80% of the value of our invoices upfront to provide us with working capital before our bills are due.
‘We get on very well with our Relationship Manager who is always on hand to help us with any problems we’re experiencing.
‘Our facility is very straightforward to use and it’s helpful that Positive’s online payments system allows us to draw down money into our bank account at the touch of a button.”