There are over 12 million trucks, vessels, and rail cars that are moving freight around the globe. Many of those freight companies rely on a freight broker factoring program for factoring financing to keep moving.
A freight broker factoring program is an option to ensure that the positive cash flow keeps coming in. Having the capital that is needed to keep things moving along can be a challenge, but it does not have to be. A freight broker factoring program can ensure that you never run into a funding issue again.
How Does It Work?
Freight bill factoring is the standard in the industry. Freight broker companies often rely on invoice factoring to close the gap in waiting for account receivables to be paid. Factoring financing allows you to get paid immediately for your open invoices that have terms of 90 days or less.
The process is simple. You connect with a freight broker factoring program and sell off all or some of your invoices. The factoring company charges a fee to “buy” your invoices and you can have the capital that you need in about 24 business hours.
Overall It is a Better Way to Do Business
With the right freight broker factoring program you can offer better terms to your customers. When you know that you will have the income to cover your own expenses, it is a lot easier to offer better terms to your customer base.
Freight bill factoring takes the stress out of collecting receivables. It can take some of the stress out of managing our business. It can allow you the flexibility to be more generous with your invoicing terms.
Raising Capital Has Never Been Easier
There is a freight broker factoring program to meet a wide range of needs including a factoring service for trucking and other freight movers. Finding the right program to fit your business needs is easy when you choose a trusted, experienced factoring financing company.
If waiting on receivables is holding back your business, it is time to consider invoice factoring. You can use the capital that you raise for any need. You will have the capital to expand your client base with confidence. Freight factoring is an easy solution. Learn more today and get the capital that you need.