Trucking companies often find themselves waiting anywhere between 30 and 90 days to collect payment on their invoices. When each invoice can be valued at over a thousand dollars, finding a way to support growth while maintaining cash flow becomes one of the industry’s largest hurdles. What’s more is that trucking businesses face limited financing options, especially if they’re start ups and ineligible to receive loans through traditional avenues. Before a bank lends their money for example, they must be satisfied with a company’s credit score, which can take time to generate, especially for small or start up enterprises. To…
Your Trucking Company Can Benefit From Freight Factoring In 2018
