What is Fuel Advance Factoring?

Posted by Gil Oliva on Fri, Jul 11, 2014 @ 08:00 AM

The Fuel Advance Program can be offered by factoring companies and is often provided in tandem with freight bill factoring.

While freight bill factoring is a great way to receive immediate cash flow for work completed, the fuel advance program allows you to pay for much needed fuel while on the road, prior to completion of work. This is particularly useful if you are a small to medium trucking company with a cash flow shortage.

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Topics: Cash Flow Solution, Fuel Cards for Trucking Companies, Freight Factoring for Trucking Companies, Fuel Advance Factoring for Trucking Companies

Freight brokers – Invoice Factoring Provides the Financing Solution

Posted by Steve Barthol on Wed, Jun 18, 2014 @ 08:30 AM

There are certainly many business opportunities to facilitate moving freight from one location to another, and many different types of companies offering their services. So what is the role of a freight broker?

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Topics: About Invoice Factoring, Trucking Factoring, Freight Factoring for Trucking Companies

Providing Trucking Companies with a Financial Road Map to Success

Posted by Seth Herman on Fri, May 09, 2014 @ 07:46 AM

Are you faced with more than just worrying about getting a load delivered on time? And not just juggling the finances, but concerned about paperwork and the administrative burden? Freight factoring may hold the key.

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Topics: Cash for Copies Program for Trucking, Trucking Factoring, Freight Factoring for Trucking Companies

Truckers and Freight Bill Factoring - Reliability Matters!

Posted by Gil Oliva on Wed, Oct 23, 2013 @ 07:45 AM

So what is freight bill factoring? and why is reliability so important? 

In simple terms, factoring companies pay you money now for freight bills that your customers may not pay for up to 30 - 60 days. Factoring your accounts receivable helps you maintain a constant flow of cash. In a trucking environment that is by nature hectic, constants are critical! Regular, on time payments from your customers can often be a challenge.

  • How quickly do your customers pay?

  • Do you spend time chasing payments?

  • Have you offered discounts but still spend time collecting?

  • How many of your customers are 'solid' payers?

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Topics: Factoring Companies, The Benefits of Invoice Factoring, Trucking Factoring, Freight Factoring for Trucking Companies

Freight Factoring for Trucking - Cash from Copies

Posted by Gil Oliva on Tue, Mar 05, 2013 @ 01:46 PM

Freight Factoring For Trucking 

For years, truckers have been a big fan of freight factoring. As you may know, factoring is the process where a third party agrees to buy unpaid vendor invoices. In the trucking industry these invoices are known as freight bills. Along with a BOL, or bill of lading, these freight bills can be submitted to a factoring company for quick payment.

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Topics: Cash for Copies Program for Trucking, Trucking Factoring, Freight Factoring for Trucking Companies

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