Bills are coming up, trucks need fuel and your employees need payment. However, you’re holding invoices that still aren’t paid. Without that payment, how can you cover your expenses? What
Load factoring, also known as freight bill factoring, is a popular financial strategy employed by trucking businesses — often to manage their cash flow. It involves selling receivables, like bills
Invoice factoring is a financial solution that has become increasingly vital for businesses seeking immediate cash flow. It involves selling outstanding invoices to a third-party factoring company, transforming credit sales
As an owner-operator, a small business owner, or an owner of a larger corporation, there might come a time when you are in need of financing. It doesn’t necessarily matter
For many truck owners waiting weeks for payment is just not a viable option. The operational costs don’t wait and how do you grow your business without cash? This is
If you’re an owner-operator or the head of a trucking company, you know how important it is to get paid quickly. At the same time, freight invoice payouts can take
Exploring effective cash flow strategies is crucial in the fast-paced and competitive world of trucking. In this article, we delve into the intricacies of factoring in trucking, weighing the benefits
The trucking industry is vital for the global economy, facilitating the transport of goods across vast distances. In recent years, the need for efficient cash flow management has become more
UCC filing is a crucial consideration when engaging in factoring in the trucking industry. It is a legal document that establishes a security interest in a debtor's personal property. The
