Skip to main content

Freight Factoring For Start-Up Truckers

You are building your trucking business - bought your first truck, got your insurance and received your authorization with little amounts of money here and there from family and friends, along with a strong will and firm determination, the hard work paid off, now you have secured your first load, but where is the money coming from for operating and living expenses?  In most cases in order to remain competitive you have to invoice your customers on a 10-15 days net, and in some cases the customer may take 30, 60 or 90 days to pay, if you go to the bank for an advance on that freight bill/invoice it is likely that they will say NO!  They want a seasoned well established company with strong financials as a customer.  It is frustrating for startups to find the funding they need to operate and grow when banks are constantly saying no.

However, the fact is that there is plenty of money available for start-up truckers, and you can get advances on your freight bills/invoices without a lot of paperwork or complicated credit or financial requirements. Contact a freight funding company today to get the simple factoring process started.


Popular posts from this blog

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:
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.

Samsung Safety Truck works to make trucks transparent

Getting stuck behind a slow-moving truck on a one-lane road is never fun. You can't see what's ahead. You could pass the truck, but is there enough room? Samsung's "Safety Truck" might be the solution. It uses a wireless camera on the truck's front grille, which connects to four displays on the rear of the truck. Vehicles behind the truck can see if another car is approaching (even in the dark), and pass the truck when the coast is clear. Take a look at the YouTube video: