Learn how transportation factoring can solve your cash flow problems. By partnering with a transportation factoring company, you can take advantages of fuel advances, fuel discounts and flexible options to grow your trucking company. Visit http://www.ezinvoicefactoring.com/transportation-factoring to learn more about the process of factoring.
1. By EZ Invoice Factoring
About
Transportation
Factoring
2. What is Transportation Factoring?
• Transportation factoring helps your company weather tough
times by advancing your company cash when you need it most.
It’s a quick and debt free financing method for freight
companies. With transportation factoring, a factoring company
purchases your outstanding invoices and advances you the cash
in exchange.
3. How will Transportation Factoring Benefit
my company?
• Need to purchase new trucks? You can use factoring to
purchase vehicles, new equipment or to cover repairs. Running
short of cash for payroll? Transportation factoring funding can
help pay your drivers. Factoring transportation invoices provides
a steady stream of cash flow to keep your trucking company
running. Thanks to flexibility, no commitments, and affordable
rates your firm is able to allocate the funds however you see fit.
4. What size fleets qualify for Transportation
Factoring?
• Transportation factors fund single truck owner-operators to
large fleets. Financing works for both newly launched trucking
companies and established transportation firms waiting for
payments. Either way, the size of your fleet will never disqualify
your company for factoring!
5. Am I required to factor every freight
invoice?
• The great thing about factoring is that there are no minimums
or limits as to how many freight invoices you have to factor! If
you want to factor just once, then you can. If you prefer to factor
multiple invoices on a consistent basis, transportation factoring
terms can be extended to suit your needs. It’s all up to you and
what your business goals are.
6. How quickly will Transportation Factoring
Provide funding?
• Invoice funding is available within 24 hours. Once the
application is processed and you’ve been approved, factoring
companies can provide instant cash flow for your freight invoices
within 24 hours.
7. How will I receive the money?
• Upon approval of your application and documentation, we
will electronically transfer the cash to your firm.
8. What about fuel advances?
• Fuel advances offer trucking companies the opportunity to
accept larger, better-paying loads because a portion of the
funding is available upon load pickup. The cash can be used to
cover fuel costs, vehicle maintenance, payroll, and whatever
other expenses you may encounter on the road. Fuel advances
can be placed on fuel cards that provide even greater savings
with fuel discounts at nearly all major truck stops nationwide.
9. Where can I apply for
Transportation Factoring
• You can apply for transportation factoring at
http://www.ezinvoicefactoring.com/request-a-quote and by
calling 1-855-EZ-FACTOR.