Freight Factoring or Load Factoring
Freight factoring, also known as load factoring, helps trucking companies and owner operators turn unpaid freight bills into cash, fast. Instead of waiting 30 to 90 days for brokers or shippers to pay, you sell your invoices to a factoring company at a discount and get up to 97% of the value within hours. This […]
Why Trucking Companies Factor Invoices
Freight factoring is a financial solution designed for trucking and transportation companies to improve cash flow by converting freight invoices into immediate cash. The process is pretty simple, the factoring company purchases invoices from the trucker/transportation company at a discount, allowing them to get paid faster rather than waiting for freight brokers to settle their […]
Heavy Duty Tractor & Trailers Factoring
Understanding Commercial Truck Factoring: Commercial truck factoring is a financial solution tailored for trucking companies facing cash flow challenges. In this arrangement, trucking businesses sell their outstanding freight invoices to a third-party financial institution, known as a factoring company. Rather than waiting for clients to make payments on these invoices, trucking companies receive immediate cash […]
Benefits of Freight Factoring
You’ve been thinking about freight factoring a lot, especially since you started seeing ads for it pop up everywhere. But as you think about it more, you wonder if there’s any real benefit. “Freight factoring seems good, but will it really help?” If this sounds like you, we understand. Freight factoring can seem really great, but unless it […]
How to Choose a Truck Factoring Company
Truck factoring – is it right for you? You’ve been on the road for hours. You’ve just delivered your load when your customer said, once again, that they can’t pay you yet. You wanted to ask why but knew it wasn’t worth pressing. They never pay on time and probably never will. So, with your stomach […]
What is Freight Factoring?
What is Freight Factoring? Freight factoring ensures your company has the proper capital to cover overhead costs, pay employees, and materials needed for your business. Imagine this for a moment. You’ve been on the road for hours. Your belly, tank and wallet are all running on E. Then, after safely delivering your load on time you […]
Freight Factoring vs Trucking Factoring
Can Factoring for Truckers Help You? Have you thought about using trucking factoring as a way to boost your cash flow? Waiting for payment when you have already delivered the load can be a tedious situation in which to be. As a trucker, you are out there on the road. Sometimes you’re there for weeks […]
Invoice Factoring
Are you finding it hard to finance your international receivables? It’s not impossible to get financing on those receivables, but you must know there is a limited amount of companies that can execute in this unique space. While most companies were taking time off enjoying the holidays we have been very busy solidifying more relationships […]