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.
Showing posts with label trucking factoring. Show all posts
Showing posts with label trucking factoring. Show all posts
Friday, 13 September 2013
Wednesday, 10 July 2013
Freight Factoring for Carrier Fleets - An Infographics
Wednesday, 3 August 2011
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.
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