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Trucking Factoring Can Solve Cash Flow Problems Quickly
By Staff Writer - Evergreen Content
Trucking companies and freight brokers that are waiting to get paid on invoices should consider freight factoring. Freight factoring is one of the quickest methods for trucking companies and freight brokers to solve cash flow problems.
No more waiting 30 to 90 days or longer for customers to pay your freight bills, used by almost every industry, factoring allows companies including startups to raise the needed funding quickly, and with factoring you are not creating debt.
Factoring is converting your freight bills / invoices for cash, thus allowing your company to receive the needed capital quickly, not weeks or months from now. It does not require additional collateral and does not create debt.
Here's a bit of interesting information about factoring, did you know that the origin of factoring has been traced back to the days of the Roman Empire or even earlier, but the industry as we know it today in the United States goes back only about 200 years to the early nineteenth century.
So if you are experiencing cash flow problems due to waiting on payment of your invoices, contact a trucking factoring company today, a factoring company can be your long term financial partner, and going forward truckers and freight brokers should not be experiencing any more cash flow problems due to unpaid freight bills/invoices.
START THE SIMPLE FREIGHT BILL FACTORING PROCESS