Skip to main content

A Bit About Freight Factoring

Factoring is one of the quickest methods for trucking and transportation companies to raise working capital. Used by almost every industry, factoring allow companies to raise the needed capital in just a few short days for expansion/growth, restructuring or survival. There is no need to wait 30-60-90 days for your customers to pay your invoices/freight bills, freight factoring advances monies to you on your outstanding invoices now.
 
Trucking factors can advance funds on freight bills very quickly, normally in a day or two after you contact them, and in some cases that same day. The factor then gets paid back when your customers pay in 30 to 90 days. Factoring is converting your freight bills/accounts receivables/invoices for cash, thus allowing your company to receive the needed capital now, not weeks or months from now. It does not require additional collateral and does not create debt.
 
Here's a bit of interesting information about factoring, did you know that the origin of factoring has been traced back to the days of the Roman Empire or even earlier, but the industry as we know it today in the United States goes back only about 200 years to the early nineteenth century.

Apply for Freight Factoring 24/7 at www.TruckingApplication.com

Comments

Post a Comment

Popular posts from this blog

Why freight factoring is so important to a carrier?  Freight factoring is the blood flow of cash flow, a carrier to remain competitive and operate successfully must offer credit to its customers, typically 30 to 90 days, so this is cash that the business will not receive right away, so how can the business operate having to wait that long for their payments, well, freight factoring?  With factoring, the trucking company sells its outstanding invoices to a factoring company right after the invoice is issued, providing the carrier with the necessary cash to continue operating without a cash flow shortfall. https://www.1sttruckingfactoring.com
1 comment
Read more

FREIGHT FACTORING SERVICES

  Flexible freight factoring services designed to help trucking and transportation companies with their cash flow. 4 OR MORE TRUCKS (ADVANTAGES) Advances on freight bills up to 95%-98% Non-recourse freight factoring Flexible terms with competitive rates (The objective is to beat our competitors) Funding is customized to your needs You choose which invoices to factor 24/7 free online credit checks Online reporting Invoice generator Invoices are submitted electronically (little or no extra paperwork) Fuel Card Fuel Advances Excellence in customer service 1 TO 3 TRUCKS (ADVANTAGES) We create the invoices and send them to your customers We create the schedule of accounts Instant online credit approvals to keep you moving Non-recourse factoring Customizable programs, competitive fees Industry-leading client service Competitive rates (Our objective is to beat our competition) FUEL PROGRAM Universal acceptance at more than 6,400 truck stops in the U.S. and Canada Fuel discounts in over 1,...
Post a Comment
Read more
Freight factoring is the purchase of accounts receivables and ideal for trucking companies that typically bill their customers on credit terms of 30 to 90 days, it is designed to eliminate the cash flow problems associated with aged receivables. For more information visit:  https://www.1sttruckingfactoring.com/
Post a Comment
Read more