What is freight factoring? Freight factoring is simply the purchase of freight bills/accounts receivables, an essential financial tool for trucking and transportation companies. Freight factoring eases the company's financial tension by funding their net 30-60 and even 90 day freight bills/invoices now - not when they're due!
With factoring, you focus on what you do best; getting and delivering your loads, sales, customer service and growth, and the freight factor focuses on what they do best, factoring/funding your invoices, and assuring that your steady cash flow continues!
With freight factoring, the strengths are in your receivables and the ability of the carrier or brokerage to generate eligible sales - not time in business or financial condition. And, with freight factoring you are not creating debt.
Freight factoring releases cash to bring your business plans to life; grab new opportunities; invest in new equipment, meet payroll and other expenses, or simply negotiate better terms for your business. Factoring is actually healthy and an essential financial tool for trucking and transportation companies to maintain a steady cash flow.
A factor can fund most situations, including startup businesses, certain clients with poor credit or financial problems, tax liens or bankruptcies! You can start the simple process at www.TruckApplication.com.
