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Why It's Important to Work with a Factoring Company That Knows the Transportation Business

Accutrac Capital 21-Mar-2013 0 Comments Permalink

Long haul carrier or short haulÉfreight broker or intermodal freight companyÉflat bed or refrigeratedÉowner-operator or trucking fleet. Working with a factoring company that understands the unique requirements and challenges of your US transportation business will save you time and hassle.

How? Simply, factoring companies with trucking background don't just understand your businessÉthey speak your language. Because they deal daily with trucking companies with cash flow challenges, they can use their expertise to create customized financing solutions. These factoring companies often offer alternative financing products specifically designed for the trucking and transportation industry.

Industry-specific advice for your trucking business

In addition to providing you with options for freight bill factoring and factoring your accounts receivable invoices, reputable factoring companies with trucking industry experience offer advice and tools for:

  • managing invoicing and accounts receivable
  • tracking and predicting cash flow
  • dealing with permits, licensing and Federal and State tax requirements
  • how much credit to extend to a new customer

Check a factoring company's references and testimonials

The best way to determine if a factoring company is one you'd like to work with is to ask other trucking company owners who already work with the factoring company. Review testimonials and any case studies about the factoring company to determine if they're going to be a good fit for your trucking business.

Look for professionalism

When you regularly factor your freight invoices, the factoring company acts as your accounts receivable department. You deal with them regularly, and more importantly, so do your customers. In addition to experience in the trucking and transportation industry, make sure the factoring company offers the professional approach that you want to portray to your customers.

Accutrac Capital's trucking specialists

Accutrac Capital's friendly transportation industry specialists have over 40 years combined experienceÉincluding hands-on experience operating their own successful trucking company. In addition to strong financing experience to help you through your cash flow challenges, they've walked in your shoes. You won't have to explain your trucking business to them. They know the challenges you face and the importance of having available cash to keep your trucks on the road.

Accutrac has created a wide range of financing solutions customized to the transportation and trucking industry, including:

For more information about factoring for your trucking and transportation business, visit www.accutraccapital.com.

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