California Truck Factoring
Whether you’re hauling loads in Los Angeles or transporting goods to San Francisco, California truck factoring can help ease the burdens associated with escalating fuel prices and hefty operational costs. Highly beneficial for both small and mid-sized trucking businesses, California truck factoring services help transportation companies accelerate their cash flow. Rather than waiting 30 to 60 days to receive payments for trucking invoices, California truck factoring companies can help your business better manage cash flow needs while facilitating growth for your business.
Aside from significantly reducing fuel expenses, fuel cards can also be applied toward other miscellaneous operational costs. When fast cash is needed, trucking fuel cards can also be used to make instant ATM cash withdrawals, which can then be used to pay drivers and fund any repair costs that may ensue.
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Why Choose a California Truck Factoring Company?
When it comes to acquiring a loan, trucking companies can encounter endless hassles along the way. By taking advantage of California trucking factoring, your transportation company never has to worry about dealing with loan dilemmas. Entering into an agreement with a California truck factoring company ensures that your trucking business will receive same-day approval and funding within 24 hours. Best of all, zero debt will be incurred throughout the entire process.
Advantages of Truck Factoring in California
Tired of dealing with rising fuel prices? California truck factors also offers fuel cards for your convenience. By using truck factoring fuel cards, your fleet can save thousands of valuable dollars every year. Fuel discounts will be applied directly at the pump.
Unpaid freight bills can lead to significant struggles with managing company cash flow. As a result, several transportation businesses in California turn to truck factoring services to acquire instant working capital. In a fuel advance program, trucking businesses partner up with a California truck factoring company, where the factor transmits a portion of the freight bill to the transportation company before it is paid off.
Once your trucking company receives truck factoring fuel advances, the newly acquired cash can be applied toward taking care of fuel costs, repairs, payroll and other expenses that may arise. After the load is picked up by the trucker, the supplier will provide a bill of lading for verification. Lastly, the factor will then submit a portion of the freight bill amount within 24-48 hours.
Benefits of Factoring for Trucking
Transportation companies in California rely on factoring for trucking when they are in need of same-day funding to help ensure smooth operations. With no long term contracts or minimum invoice requirements, your trucking company can decide when and how you wish to take advantage of trucking factoring services. In order to meet your specific factoring needs, individualized and spot-factoring programs are readily available.
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With affordable trucking factoring rates and zero debt to repay, you really can’t go wrong with factoring for trucking. Interested in hauling more loads and increasing your revenue? Speed up your cash flow with truck invoice factoring! See how factoring for trucking can help you get fast cash by requesting a free factoring quote online today.
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