growth in the trucking industry, the volume of goods transport. The more freight you move, the faster your business grows. But the big volume with a hook – slow paying customers. Sorry, wait 30 to 45 days are paid very common in the industry.

But what if you can not afford to wait 45 days to pay from your customers? What if you buy fuel, pay drivers or need to pay for repairs? Employees and suppliers as often wait to pay.

Needless to say, go to the bank financing is not an option. In general, they do not like to finance small and medium enterprises. Unless, of course, you have tons of assets, three years of financial statements of dollars, and you have great recognition.

Now what? What are your options?

If you have your own shipping, there is a solution that gives you a lot of funding. And unlike bank loans this means is bound to your bills. The more you bill, the more natural growth.

this solution, the necessary funds to buy fuel, pay drivers and pay reparations. And as the carrier of all sizes. The solution is called invoice factoring freight (freight or factoring for short).


Waybill

Factoring works like this:

They deliver the freight and invoice your customers
Send a copy of the bill, the factoring company
The factoring company advances you up to 90% of the bill (10% in reserve)
Once the factoring company is paid, they will refund the remaining 10% less than their cost

Unlike bank loans, factoring is no arbitrary limits high. You can factor of freight invoices, can create. So whether your business grows your money.

Factoring is an excellent tool for financing the transport companies who need more money to develop. It allows you to seize new opportunities to drive your business to the next level.

Storage moving van