Industries · Transport & Logistics
Factoring for transport and logistics: drivers now, clients later
In transport you pay drivers and fuel weekly, while your clients take 30 to 60 days. Factoring closes that gap, so your fleet keeps running without liquidity stress.
The working capital question in Transport & Logistics
In transport the costs run ahead of the income, just as in construction and infrastructure. You pay drivers, fuel and maintenance weekly, while your freight invoices stay outstanding for 30 to 60 days. Take on a large new contract or grow your fleet, and that gap gets wider, because the costs come at once and the revenue only weeks later.
Factoring is usually the starting point for carriers: you receive working capital on your outstanding trips straight away instead of waiting on your client, and the funding line scales as soon as you run more trips. If your receivables or other assets are already pledged to the bank, SOOF clears the way by taking over that pledge, and where it makes sense you combine factoring with a business loan through one party.
Is your security already with the bank?
As long as your receivables, stock or property are pledged to the bank, additional finance is often blocked. SOOF takes over that pledge and coordinates the process with your bank, so that the form of finance that suits your situation becomes possible again.
How taking over a pledge worksMatching solutions
What suits this sector
Factoring
Immediate cash on your freight invoices, while your client pays on their term.
About factoring AdditionalBusiness loan
Refinance or buy out the bank to create headroom.
About the business loan CombineOne party
Factoring and a business loan through one point of contact.
View solutionsWhat we bring in this sector
A line that grows with you
The funding line grows with your trips, without renegotiating on every new contract.
Operational quickly
Operational quickly, so a large new contract does not come unstuck on working capital.
Transparent rates
Transparent rates, so you know where you stand per trip.
Does this sound familiar?
- You pay drivers and fuel weekly, your client only after 30 to 60 days.
- A large new contract costs liquidity before it earns anything.
- You want to grow your fleet, but your working capital holds you back.
What others say
The onboarding was well organised. A simple process with fast payment.
Cony Cargo Transport & logisticsKnow in three minutes what your working capital is worth
Fill in the Quickscan and see straight away which forms of finance suit your situation. No strings, no obligations.
Contact
Start with a conversation.
Send a message and we will get in touch, usually within one working day. Prefer to call? You will find our number at the foot of the page.
Jaap van AalstCommercial Director
Questions, or just want to get acquainted?
Feel free to get in touch. I'm happy to help.
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Frequently asked questions
Once the invoice is submitted, SOOF pays out up to 90% straight away. The remainder follows as soon as your client pays.
Yes. The line grows with your turnover, so extra trips automatically mean more working capital available.
Then we can buy the bank out with a business loan, so that the pledge is released and factoring becomes possible.
For SMEs. Factoring at SOOF is not available to sole traders or one-person businesses.
Not a problem. We assess your whole receivables book, not only your largest client.