A West Midlands-based haulage business specialising in the transportation of aggregates and heavy plant machinery (including forklifts and diggers) has secured a six-figure Revolving Credit Facility (RCF) through Navigate Commercial Finance.
The company was introduced by its incumbent bank after poor weather severely restricted onsite activity. This led to reduced invoicing and limited access to its existing Invoice Finance facility, creating a short-term working capital shortfall.
Given the temporary nature of the requirement (next three months), a Revolving Credit Facility was the most suitable solution. The RCF functions like a flexible overdraft — the business only pays interest on what it actually borrows (calculated daily) and incurs no non-utilisation fees.
We secured a lender within three weeks who was comfortable with the sector and quantum. The facility was structured on Personal Guarantees, avoiding the need for a Deed of Priority with the existing bank.
This flexible headroom has provided the business with the financial stability required to manage the current slowdown and maintain strong supplier and operational relationships until trading conditions improve.
A smart, practical funding solution that demonstrates our ability to deliver fast, tailored support for haulage businesses facing seasonal and weather-related challenges.
