Freight factoring is a term that a few businesses in the trucking and freight sector might have already heard about. If you are busy experiencing a negative cash flow cycle, then it’s most likely you haven’t heard of it yet. Freight bill factoPosted by Lyng Herbert on May 31st, 2021 Transportation factoring companies know the reality of maintaining a positive cash flow in an industry where so many unforeseen expenses compete for your attention daily, whether it be fuel and maintenance expenses, payroll expenses, or even insurance-related expenses. Expenses like these can sometimes even occur all at once, or they may overlap each other and come in quicker than expected while you wait on outstanding amounts that you had hoped would be ready and available to cover these costs – which is more often than not, not the case. truck factoring We provide you with the funds upfront instead of waiting for the payment terms to be fulfilled (which can extend up to 90 days). With freight factoring, the process is simple – invoice your customers as you would normally do, and we’ll take it from there. Contact Charter Capital today for more information on how we can boost your cash flow!Like it? Share it! |