Skip to main content

Freight Factoring For Large Trucking Companies

(By Blog Contributor)

Is it really becoming more difficult for the larger trucking companies to find a reliable freight factoring company?  A lot of the national factoring companies are limited on advances to $2,000,000 - $3,000,000, unless of course, you're a bank, but then you are going to face the bank's qualifying criteria, which may make it difficult for the struggling carrier to qualify.

Actually, it is not that bad, we found that there are many factoring companies that are advancing as much as $10,000,000, and although qualifying criteria get's tighter on higher advances, the focus still remains on the creditworthiness of the customer, so larger carriers and those that are struggling should not have a problem finding a reliable freight factoring company.


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: