Thursday, February 28, 2013
Factoring Large Trucking Companies
(By Blog Contributor)
Is it really becoming more difficult for the larger trucking companies to factor? 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 credit worthiness of the customer, so larger carriers and those that are struggling should not have a problem finding a reliable factor.
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Thank you for all the info! I have been looking for all the info I can find about factoring and how I can use it. Thanks again for all the info!
ReplyDeleteLet us know if we can be of further assistance. www.factoring.tc
ReplyDeleteTo keep your trucking company profitable, you have to keep your trucks on the road. Often, you can’t afford to wait 30 – 60 days for invoices to be paid. Accutrac’s freight factoring services provide flexible, hassle-free cash flow solutions so you’re no longer at the mercy of your customers’ payment terms.
ReplyDeleteI just wanted to say you that your blog is highly energetic, I love that! Thanks Factoring freight bills
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