Many trucking companies inadvertently may be constraining themselves by offering credit terms to their customers of 30 to 90 days and then having to wait to get paid. Freight factoring can eliminate the cash flow constraints associated with unpaid invoices. Talk to a cash flow professional today to discuss options on how to improve your cash flow quickly. Contact us 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
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