Truck factoring companiesPosted by Kryger Bendix on April 28th, 2021 Truck factoring companies or freight factoring services are when a factoring company advances a percentage of the face value of an invoice to its customers. It’s when a company sells its unpaid invoices to the factoring company, which then collects the outstanding balance from the debtor. Triumph Business Capital can help improve your cash flow through truck factoring. Read more below: How does truck factoring work? freight factoring services Complete your delivery. Submit your schedule and paperwork. Get paid the way you want, even on the same day. Fast financing from Triumph protects your shipper relationships and gets your carriers paid fast. It allows your company to effectively manage cash flow, protect credit ratings and secure its truck capacity. Why partner with truck factoring companies? When you work with an invoice factoring company, you are leveraging your accounts receivables and selling those to get an advance on your payment. This helps you to pay for operating expenses and staff payroll in advance, every time. Benefits of Triumph truck factoring Same-day funding lets you get back to running your business your way! Take advantage of our competitive savings and wide range of stations with our fuel card programs. No more waiting 30, 60, or 90 days for broker payments. MyTriumph Web Portal simplifies the invoice submission process and gives you access to credit checks on current or potential clients. The non-recourse program protects your business- even if a broker goes bankrupt. If you’re looking for truck factoring companies for your company, look no further. Contact Triumph Business Capital for effective truck factoring solutions today!Like it? Share it! |