Trucking Industry Trends - An infographics

Advance Business Capital ( http://www.cash4truckers.com ) was founded in 2004 by a group of longtime transportation and finance executives. Since then, ABC has become one of the fastest growing truck factors in the United States.

Freight Factoring for Carrier Fleets - An Infographics

Offering the insight truckers need, Advance Business Capital LLC ( http://www.cash4truckers.com/freight-factoring/freight-factoring-for-carrier-fleets/ ) have made it our goal to provide truckers with the most practical factoring financing possible and we do that by going above and beyond the norm.

Freight Bill Factoring: Get a Breather - Get Paid in Advance

Freight bill factoring spells the all-important 'M' factor for freight operators; it is the easier way of getting hands on some funds to meet operational expenses. Freight bill factoring helps haulage operators to receive advance payment against their bills; in other words, it acts as an informal method of obtaining a loan.

The story of most of the truckers resembles the classic case of a sandwich; you are battered on both the sides. While you have to pay the drivers, the service-facility, highway toll, taxes and of course for fuel on the spot, customers proves to be tough bargainers and keep extending credit lines. It is an eternal struggle and most of the time, all you seem to be getting out of the business is putting in more and still more money into it.

Freight bill factoring is one of the ways out of the troubles. Factoring organizations especially devoted to providing funds to freight operators advance payments against freight bills and help you to meet running expenses. The method of getting finds through freight bill factoring is fairly simple.

You submit your freight bill to the shippers and get it endorsed by them. Provide proof of haulage to the factoring firm, which pay anywhere up to 95% of the bill. That in a nutshell freight bill factoring is for you. However, there are a few basic requirements, the first of which is choosing a helpful and dependable truck factoring company. A freight bill factoring company run by people in trucking business would be a better bet, as they would understand a trucker's needs from personal experience.

A good and dependable freight bill factoring company offers more than just a loan; you can get a range of services such as information, fuel cards, insurance, equipment financing and rental support.

Load boards are the best service that a freight bill factoring can render; these information bulletins give detailed information on loads available across the country. This two-in-one data helps you to locate business right away: suppose you have just delivered a load in Dallas; and wish to locate loads available in the vicinity. These boards details of freight ready for shipping and even more importantly, which of them are per-approved for credit.  A proactive freight bill factoring company generates business as well as provides you credit for the same. 

Fuel-cards are another convenience; your drivers draw fuel on the road without paying cash; and the freight bill factoring company discounts your consolidated bills periodically. Attractive deals including financing on trucking equipment foreclosed by the banks are arranged by freight bill factoring companies.

 Freight bill factoring spells smoother roads for truckers.

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.

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.