Factoring Newsletter
About Factoring
Cash flow can make or break any independent driver or trucking company. And with today’s economic crisis affecting nearly every company and household, getting paid quickly for every load you deliver is often more a necessity than a luxury.
If you cannot afford to wait 45 to 60 days or more to get paid for your freight bills, we understand: you shouldn’t have to. After all, it costs money to keep your trucks on the road every day. Without cash, the trucking industry would come to a grinding halt. And without cash, your personal finances might face chaos, crumbling your credit rating or worse.
That’s where freight bill factoring comes in.
Freight bill factoring is simply the process whereby trucking companies sell their freight bills at a discount to a company that then collects the monies owed. The factoring company pays your bill in full, minus a reasonable fee. When you factor your invoices, you can end your cash flow troubles virtually overnight, enabling you to put more money in your pocket, pay bills and fuel growth. FactorLoads' freight bill factoring program can help you break through your cash flow problems today.
View our FactorLoads Driving to Success Newsletters below.
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