Hopper Bottom / Hopper Dropper Grain Factoring
Factoring Hopper Bottom Carriers/ Hopper
Dropper Grain Trucking and Transportation Factoring
The hopper bottom / hopper dropper grain
factoring product offers carriers focusing on grain / bulk commodity
hauling a freight funding option that can advance funds on aged
invoices / freight bills with a simple application to funding process, no need to wait 30 to 60 days or longer
for payment on their invoices.
There are certain basic points to consider, including:
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The carrier cannot operate as a sole-proprietorship
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We treat a hopper bottom factoring deal like any other freight factoring facility
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There could be certain issues if the carrier is dealing with a product under the Perishable Agricultural Commodities Act (PACA)
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There might be a problem if the carrier is delivering the load subject to payment
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Or if the carrier is a distributor or middleman and there are concerns such as the farmer getting paid for the grain
However, if the carrier is just hauling the grain
like any other load, there should not be a problem or additional
complications.