For business owners who think factoring companies are a hindrance to profitability, it might pay to re-examine the situation because these days many trucking and transportation companies are using freight bill factoring as part of their regular business operations. New generation factoring companies are now helping fleets stay on the road by offering specialized products and services which meet the many demands of the freight transportation industry.
Waiting 30 to 90 days to be paid by your customers can have a detrimental effect on the cash flow of any carrier. A reputable invoice factoring company, especially one who specializes in the trucking industry such as ACCUTRAC capital, provides access to credit information which enables you to …show more content…
As this form of factoring becomes more mainstream, attitudes and perceptions are changing. In fact, according to industry experts at Accutrac Capital, industry surveys are revealing that users of invoice factoring rate the benefits of that factoring as significantly higher than traditional nonusers. This is to say that anyone with actual experience working with factors and freight bill factoring are actually embracing this strategy as part of an overall game plan to help them grow their business.
Accutrac Capital provides financial solutions to:
• startup operations
• high-growth companies with insufficient working capital
• businesses in transition
• companies that have tripped their bank covenants
• companies experiencing a challenging year
• companies going through a change of ownership
• companies who can not acquire the funds they need from traditional lenders
As freight bill factoring continues to grow as a mainstream financial tool for fleet and trucking companies, factors are taking a lead role in developing better features, procedures, and benefits to improve the experience of all carriers in the transportation
Waiting 30 to 90 days to be paid by your customers can have a detrimental effect on the cash flow of any carrier. A reputable invoice factoring company, especially one who specializes in the trucking industry such as ACCUTRAC capital, provides access to credit information which enables you to …show more content…
As this form of factoring becomes more mainstream, attitudes and perceptions are changing. In fact, according to industry experts at Accutrac Capital, industry surveys are revealing that users of invoice factoring rate the benefits of that factoring as significantly higher than traditional nonusers. This is to say that anyone with actual experience working with factors and freight bill factoring are actually embracing this strategy as part of an overall game plan to help them grow their business.
Accutrac Capital provides financial solutions to:
• startup operations
• high-growth companies with insufficient working capital
• businesses in transition
• companies that have tripped their bank covenants
• companies experiencing a challenging year
• companies going through a change of ownership
• companies who can not acquire the funds they need from traditional lenders
As freight bill factoring continues to grow as a mainstream financial tool for fleet and trucking companies, factors are taking a lead role in developing better features, procedures, and benefits to improve the experience of all carriers in the transportation