All about freight factoring

When it comes to a trucking company’s success prompt and early paying customers are always favored. However many times the customers may not be able to pay up front and many even wait for up to thirty days before making any payments to the trucking company. No matter how big or old your establishment may be but there are always expenses that you need to cover immediately such as repairs, fuel and drivers or you might just find yourself in a very tight spot. Having money at hand is of almost importance. So how does a trucking company solve this problem?

·         They can either request their customers for fast payments by making available discount offers for early payments. This option is fine but then again it is the choice of the customer to pay early or not.

·         Another option would be to get a business loan. This option clearly addresses the cash flow problem but it is very difficult to obtain. Not many of the small trucking firms would be able to satisfy the flawless financial statements, track record and strong collateral as demanded by many banks.

·         Transportation factoring is the best option. It is a new and popular idea which is fast gaining interest in the trucking communities also known as freight bill factoring. Such kind of a service eliminates the delay in obtaining the cash from the customers and helps maintain a steady cash flow. It is easy to obtain as opposed to other financing services requiring only a few days to set up.

                In this system a third party company provides the cash in place of the slow paying customers of the trucking companies. Once the cash is obtained by the trucking company it can uses it as it wishes and cover its ongoing costs and expenses. Once the customer pays up the transaction is complete and is finally settled.

Freight bill factoring is easier to obtain and is a very convenient option for trucking companies. An important requirement to qualify for freight factoring is that the company needs to have a good market credit. The company should also be free of tax and legal problems. It is an ideal solution for small and growing trucking companies who have the potential to grow but are often faced with customers who pay slowly thus inhibiting their development.

Some of the benefits of such transportation factoring are:

·         It removes the wait in getting paid thus ensuring a steady flow of cash.

·         It helps to take on new assignments and projects with ease.

·         It makes available the money which is much need to pay the drivers and for fuel and repairs.

·         Is easy to set up within a couple of days.

transportation factoring | trucking factoring

As we know that there are many trucking companies and each one of them wants to make their mark on the  trucking and the transport industry it is growing day by day and it needs a continuous flow of cash because as we know that a trucking industry is strictly cash intensive industry and it needs a large amount of cash in the business for the business to go proper because there are many cost related to a trucking industry  such as a drivers allowance , truck expenses , road tax, government tax and many other cash expenses which are required for a trucking industry.

transportation factoring | trucking factoring

It may be possible that the payment may not be made on the spot and there may be a gap between the payments and if the company is in a dire need of cash balance they can resort to transportation factoring. transportation factoring is a very easy process in which a company can get cash payment easily it is just like discounting a bill you can easily discount the transportation factoring in with some other company and you can get the money instantly and when the time for actual payment arises the payment is taken from the third party by the discounting company and that is how a circle is completed this is how transportation factoring is done. For more information about transportation factoring and trucking factoring feel free to contact us today-214-513-9600 or Toll free 866-414-9600.

Freight bill factoring- pay on time

The trucking industry is the industry which is growing at a very high level as of now. And they are the people who face most of the problems as well as they have the payment problems most of the time. It so happens that many a times the payment from the dealers get delayed and then they cannot make their payments on time and that causes the problem and delays as well. But now the chances of such circumstances are very less and now you there are some freight bill factoring available where you can get your payment whenever you want. You can get your bill discounted and get your due amount.

Freight bill factoring

If at all the trucking company is in a dire need of money freight bill factoring comes in to picture what happens in freight bill factoring is that a trucking company discounts the bill with some other company they get the money instantly and when the time for the actual payment arises the discounting is done by the company and the payment is taken from the third party and that is how the factoring is done it is a very useful tool for the company who is in a dire need of cash because there are many expenses related to cash in a trucking company. For more information feel free to contact us today (214) 513-9600. Or Toll free no- (866) 414-9600.

Trucking factoring-how it works

As we know that there are millions of trucking companies all over the world and each and every one wants to grow more and more and to make a mark in the transportation industry and every trucking industry needs a steady amount of cash because there are many cash related expense in a trucking industry and they are very important for the company. 

Expenses such as drivers expense, government expenses, road tax. So all  this proves that trucking industry is a completely cash intensive industry. There are many ways to get payment on the spot if the company is in a dire need of cash the ways are transportation factoring, freight bill factoring, trucking factoring. 

Trucking Factoring 

It may be possible that there may be delays in payment and the payment may not be on the spot and to bridge the gap between the payment and the expenditure trucking factoring is used.

What happens in trucking factoring is that it is a discounting type of factoring in which the trucking company gives the bill to the discounting company and that company gets the money on the spot and when the time for the real payment comes then the company collects the payment from the third party.

This is how a trucking factoring works. For more information Contact us today (214) 513-9600 begin_of_the_skype_highlighting            (214) 513-9600      end_of_the_skype_highlighting, Toll Free no-(866) 414-9600.

Transportation Factoring Company-Now Provide Best services in your place

Transportation Factoring

As we know that the trucking industry is growing on a large scale day by day and there are millions of trucking industries all over the world who wants to make their mark in the transportation industry and for that they need a proper flow of cash because trucking industry is a completely cash intensive industry because there are many costs related to a trucking industry such as drivers allowance , truck expenses , contingent expenses , government taxes , road taxes and many more and for that the trucking industry and the truckers need a lot of cash in their hand to overcome all the cost.

There may be some cases in which a trucking company does not get the payment on the spot but they get it later on according to the modes of payment of the client and if the company is in a dire need of cash so they can resort to transportation factoring. What happens in transportation factoring is that the company discounts the bill to some other trucking company and that company gives the payment on the spot mostly in 24 hours and when the time for actual payment arises the trucking company which has paid for the bill collects the payment from the third party and that is how the cycle ends.