|
One of the main challenges that trucking
company owners face is that company freight bills can take
as long as 30 to 60 days to get paid. In addition, there are
driver, equipment and fuel expenses. These operating expenses
put the business in a financial strain because unless the
company has a significant amount of cash reserves in the bank,
it usually cannot afford to wait to get paid.
These obstacles can easily overwhelm small
and medium size trucking companies. Despite these common industry
challenges, trucking companies can be very profitable if cash
flow is managed properly.
The solution to get out of this cash flow
rut is to find a way to capitalize on your slow paying invoices.
The best tool to accomplish this is for a trucking company
to obtain freight bill financing.
Freight bill financing is easy to use
and widely accepted in the transportation industry. It enables
you to get paid for freight bills within a day of invoicing
and eliminates the usual 30 to 60 day wait. In addition, with
a freight bill financing agreement in place, you can stabilize
your company’s cash flow and eliminate the stress of
not knowing when you’ll be paid.
| •
Eliminates the worry of guessing when you will be
paid |
| • Allows you
to take new loads with confidence |
| • Provides
you with money to pay drivers, buy fuel and pay
for repairs |
| • Eliminates
your collections worries |
| • Financing
line grows easy and fast and increases with your
business |
| • Can be set
up in a couple of days |
|
We have programs that will allow you to
turn your slow paying freight bills into immediate cash -
eliminating the wait. We provide you with the money to make
critical payments to drivers and suppliers so you can focus
on running your business.
|
