We can go on and on about the benefits of transportation factoring. That’s just because they’re that plentiful.
In all honesty, it doesn’t matter if you are an owner-operator or running a large trucking company, there’s a good chance that partnering with a transportation factoring company can help your business.
Here are 10 reasons to consider transportation factoring for funding
1. No more waiting on slow payments.
2. No more bypassing better paying loads due to lack of initial cash.
3. Thinking about hiring a new driver or adding trucks to your fleet? Transportation factoring makes it possible to have a steady cash flow to sustain growth.
4. Fuel cards
5. Fuel advances
6. Cash for truck repairs
7. The amount of funding grows with your business.
8. Same day funding – get the cash you need when you need it most.
9. The ability to take advantage of early pay discounts.
10. Bad credit is okay. Transportation factoring companies base approval on the creditworthiness of your clients.
Finally, since factoring transportation invoices is not a loan – there is absolutely zero debt to repay. Are you ready to learn more about why invoice factoring is a smart solution for freight carriers? You can request a free online quote here.
