Bay View Funding Blog

Trucking companies often run into funding problems that limit their growth. The problem isn't the business; it's the nature of the business. There is a major disconnect between services rendered and payment for those services. It can take up to 90 days to get paid for services you provided upfront.

We get it. You need your funds now. You need to keep your business

The trucking industry is in pretty good shape when it comes to fuel costs and demand for freight carriers, but in the ever-changing economic landscape, what are some of the major concerns facing trucking companies?  

Preparing for as many eventualities as possible is a constant battle for transportation companies. When the forecast brings bad weather, plans often have to alter. Any delay in the delivery process can cause a delay in payment, which can in turn contribute to cash flow problems.                                                                                                                     

We are all aware of the drop in fuel prices, and the inherent benefit this brings to the general consumer. However, it is worth examining both the pros and cons of these lower prices when it comes to commercial transportation. 

The demand for services from trucking companies continues to increase. How will your trucking company accommodate the rising demand? The future holds great opportunity, so what type of commercial financing solution would be the best for you?

If you were to ask small to medium sized trucking companies what it is they consistently struggle with, the frequent answer would be covering fuel costs while on the road.

Customers can often take many days to pay their invoices, depending upon the agreement in place, or sometimes just because they pay late. Late payment means less money to pay bills and cover operating costs. Filling up with fuel to deliver a load is a fundamental cost, which has to be covered in order to deliver the load. With the fuel advance program from Bay View Funding, the working capital needed to cover the cost of fuel can be obtained prior to load delivery. This means no more worry about fluctuations in gas prices, or decisions about which bills not to pay to make sure the gas cost is covered.

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

Whether 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.