Skip to main content

BENEFITS OF FREIGHT FACTORING

What is freight factoring? Freight factoring is simply the purchase of freight bills/accounts receivables, an essential financial tool for trucking and transportation companies.  Freight factoring eases the company's financial tension by funding their net 30-60 and even 90 day freight bills/invoices now - not when they're due.

With factoring, you focus on what you do best; getting and delivering your loads, sales, customer service and growth, and the freight factor focuses on what they do best, factoring/funding your invoices, and assuring that your steady cash flow continues.

With freight factoring, the strengths are in your receivables and the ability of the carrier or brokerage to generate eligible sales - not time in business or financial condition. And, with freight factoring you are not creating debt.

Freight factoring releases cash to bring your business plans to life; grab new opportunities; invest in new equipment, meet payroll and other expenses, or simply negotiate better terms for your business.

Factoring is actually healthy and an essential financial tool for trucking and transportation companies to maintain a steady cash flow.

A factor can fund most situations, including start-up businesses. You can start the simple process at www.TruckApplication.com.

Comments

  1. AnonymousAugust 29, 2013 at 7:54 PM

    Unlike traditional financing, qualifying for factoring isn’t based on your credit score, your trucking business’s financial history or assets.

    Source: http://www.accutraccapital.com/

    ReplyDelete

Post a Comment

Popular posts from this blog

Freight Factoring for Strong Cash Flow

Freight Factoring for Strong Cash Flow Truckers and owner-operators often bill their customers for 30 to 90 days to stay competitive. However, the delay in receiving payments can lead to cash flow issues, which is why trucking companies rely on freight factoring to maintain a strong cash flow. Factoring allows trucking companies to receive immediate cash by selling their invoices to a factoring company, and by doing so, they can cover operational expenses, invest in equipment, and ensure timely payment to their drivers. Advantages Our freight factoring product offers numerous advantages, including a non-recourse option, which means the factoring company assumes the risk of non-payment. We provide advances of up to 95%-98% to maximize your funding potential. Additionally, our fuel program offers guaranteed acceptance and provides fuel discounts at the pump across the US and Canada. No more waiting for your customers to pay. Plus many more account features and benefits. More Inf...
2 comments
Read more

Cash Flow

For carriers, cash flow is crucial. This is why having a freight factoring facility in place is essential if you invoice your customers on credit terms ranging from 30 to 90 days. A reliable freight factoring company can help bridge the gap when invoicing on credit, ensuring that carriers maintain their strong cash flow. By converting invoices into immediate cash, trucking companies can cover expenses like fuel, maintenance, and driver wages consistently. More Information
Post a Comment
Read more

How Can Trucking Factors Better Service Their Customers?

 How are trucking factoring companies doing? As you probably noticed, the trucking factoring industry has become very competitive.  Trucking factors are constantly improving customer service and searching for ways to better service their customers. In general, a trucking factor is a good guy who specializes in providing the needed cash to their customers with a sincere desire to help the customer. Give us your feedback: How happy are you with your existing factoring company? What else can trucking factors do to better service their clients? What would you like to see in ways of improvements in the trucking factoring industry? We welcome your comments.  Thank you.
2 comments
Read more