How Can Invoice Factoring Help Importers and Transportation Companies?

Posted by Gil Oliva on Wed, Aug 13, 2014 @ 08:09 AM

Importers, as well as transportation companies, in many specialized fields can achieve their working capital goals with the help of invoice factoring.

BVF_train_truck_ship_planeWhether product is to be imported or transported, the main requirement for a healthy business is a healthy cash flow. From fresh flowers, water saving shower heads, or movement of heavy machinery, Bay View Funding can help.

Seth Herman, Senior Vice President, and National Sales Manager at Bay View Funding, closed eight transactions totaling in excess of $2 million last month. Some of Seth Herman’s transactions related directly to companies who import or transport the goods mentioned above.

Transportation Company, providing drayage movement of chassis used in the intermodal logistics industry. Funding was needed to facilitate payroll and expenses. 

Groveport, Ohio
$200,000.00

Importer and distributor of flowers from South America, distributing fresh flowers to wholesalers. Working capital was required to meet operating costs and support business growth.

Nevada
$250,000.00

Transportation Company recently acquired a business that transports heavy machinery. Funding helped with the acquisition and ongoing working capital needs.

Irvine, California
$1,000,000.00

Water Conservation Company importing water saving showerheads that sells to wholesalers, online retailers, etc. Due to continued demand, funds were needed to support and run an increasing volume of orders.

Tucson, Arizona
$75,000

Importing and transporting goods requires speed, efficiency and extremely careful planning. You are juggling many unpredictable elements. Your clients want their products on time, if not earlier. Any delay is bad for business, yet some customers seem to have no problem paying invoices late, or are happy to accept terms of anywhere between 30 – 90 days on payment. Swift payment means more working capital, which enables your company to take on more business.

Bay View Funding supplies industry-specific factoring solutions to companies across the country. We can help you increase your cash flow immediately. Once your invoices are submitted, we will verify these invoices and provide the cash in as little as 24 hours. We enable you to put your working capital to work now, no more waiting for payment.

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Topics: Manufacturing and Distribution Financing, Freight Factoring for Trucking Companies, About Invoice Factoring

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