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Steady cash flow, without it carriers and freight brokers may not be able to stay in business. It is essential for transportation companies to work with a freight factoring company that understands the funding needs of trucking companies and freight brokers.  Understanding their needs is the only way a freight factor can truly help solve their cash flow problems. Covering operating expenses, fuel and maintenance of equipment is not an option. Truckers and brokers should work with a freight factoring company that knows the trucking and transportation business and able to offer factoring facilities that are tailored to their individual needs providing on a regular basis the ongoing supply of funding they need based on outstanding invoices, new sales and growth.

April 7, 2018 (https://truckingfactoring.com) Trucking companies and freight brokers that are waiting to get paid on invoices should consider freight factoring. Freight factoring is one of the quickest methods for trucking companies and freight brokers to solve cash flow problems. No more waiting 30 to 90 days or longer for customers to pay your freight bills, used by almost every industry, factoring allows companies including startups to raise the needed funding quickly, and with factoring you are not creating debt. Factoring is converting your freight bills / invoices for cash, thus allowing your company to receive the needed capital quickly, 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 ...