When you partner with us, you’ll get the funds you need quickly and reliably to run your company more efficiently. For more information about our trucking factoring services, contact Integrity Factoring at 1.866.834.7338. Taking the time to understand how invoice factoring services can optimize efficiency, revenue, and growth for your trucking company is the key to making the right financial decisions. You’re getting the support you need to help your business grow. As a business owner, this provides you with a valuable service aside from just getting money. This allows you to focus on more important things like running your business. While an invoice factoring company like Integrity Factoring charges a small, low-flat rate as payment, they ease the burden of the invoicing and collections process for you. It’s important to look at trucking factoring as more than just immediate money. Trucking Factoring Is A Dependable Service Without trucking factoring, the growth of your business could be limited or even remain stagnant as a result of cash flow problems. Keep in mind that nearly 60% of all invoices are paid late. Depending on the size of your company, having this dependable funding can help you meet daily expenses and grow your business with new trucks, drivers, etc. Money To Grow Your BusinessĪs mentioned above, trucking factoring is intended to provide immediate cash flow to your business. This makes it the perfect solution for those just starting out in the business or if you have bad or no credit history. Even more, getting approved for trucking factoring is a relatively fast and easy process that can be completed in as little as 2-3 business days. If your trucking company has a sudden change that could cause cash flow problems, trucking factoring can provide you with the money you need in as little as 24-48 hours. Trucking factoring is a desirable alternative to more traditional sources of business funding that converts outstanding invoices into immediate cash for your transportation business. Below are a few additional ways trucking factoring can improve efficiency for your transportation company. Trucking factoring is a dependable service that can improve operations and make your business more productive. But there is a solution: trucking factoring. It involves a carrier selling unpaid invoices for a load hauled for a client.
The invoice process can be frustrating for any transportation company. Truck factoring is a highly popular financing option for truck business owners.
So how do owner-operators manage all that paperwork while submitting invoices and managing drivers and loads? 24/7 Factoring nights, weekends, and bank holidays. Even more, every load comes with a ton of paperwork like rate confirmations, lumper fees, bill of lading, and detention charges. We offer better options for freight factoring, including: Low, competitive factoring rates. In the U.S, nearly 12 million trucks, locomotives, rail cars, and other vessels move products over the transportation network. Trucking Factoring For Transportation Companies