How Does Freight Factoring Help my Startup Company?
Freight Factoring provides startup companies with immediate access to capital. With this, you avoid the 30 to 90 day payment period common to the trucking industry. If you do business with creditworthy customers then you qualify for freight factoring.
- Easier to obtain than a bank loan
- Get Cash within 24 hours of submitting documentation
- Avoid using business or personal assets as collateral
- Avoid risk by checking customers credit rating
- Avoid chasing receivables
- Expert advice from trucking industry experts who know your business
- No monthly payment obligations
- No need to renegotiate payment terms every time you need additionally funding