Skip to main content

Trucking Factoring Can Solve Cash Flow Problems Quickly

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 only about 200 years to the early nineteenth century.

So if you are experiencing cash flow problems due to waiting on payment of your invoices, contact a trucking factoring company today, a factoring company can be your long term financial partner, and going forward truckers and freight brokers should not be experiencing any more cash flow problems due to unpaid freight bills/invoices.

Comments

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:  https://www.1sttruckingfactoring.com/
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

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: https://www.youtube.com/watch?v=6GNGfse9ZK8