Factoring invoices for trucking or freight companies are unlike any other type of business financing. Small business invoice factoring is perfect for startups and small enterprises that haven’t yet realized their full potential, as it aids in the growth of organizations. We’ll go over some of the advantages of invoice factoring and how it works…
Category: Factoring financing
All You Need To Know About Truck Factoring
Bankruptcies in the United States rose from 24,7097 companies in the first quarter of 2016 to 25, 227 companies in the second quarter of 2016. One of the reasons that lead to the increase in bankruptcies in companies was the cash flow crisis as a result of limited funds. This made it hard for many…
How to Choose the Right Factoring Company for Freight Brokers
Limited access to working capital is one of the biggest frustrations for freight truckers. Most start-ups struggle to keep afloat as they wait for 30, 60, or even 90 days for payments to arrive. With 79% of business owners admitting to late payments, your freight company may suffer a severe cash crunch. What Is A…
7 Ways Invoice Factoring is Important to Your Business
Over the last few years, financing options for small businesses like freight broker companies have significantly changed. Although the traditional funding options are still prevalent, there has been an emergence of other funding options that are flexible, reliable, and accommodating. Invoice funding is an emerging small business financing option that you should consider. What is…
