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 How
To Factor Invoices - Factoring
Invoices - Trucking Company Factoring:
entering into a receivables
factoring agreement for any trucking
company - without the
proper guidance could be the death
knell for small to mid size
companies. It's urgent to understand
how the trucking company factoring
service you're signing will work -
and more importantly
what it'll cost.
Small to mid size trucking company
owners
need to understand the differences
in these trucking company factoring
services. How long will you need to
wait for the receivables you sell to
be deposited? Some of these trucking
factoring services will make you
wait for up to sixty
days. That just can't happen if you
want to remain viable.
Factoring receivables if done properly could
be the best thing your small
trucking business needs to stay alive and
maintain cash flow / working
capital. Getting advances on your
invoices if you set up the right
deal, means employee payroll, paying
your suppliers, office expenses, etc
are all up to date.
Trucking factoring companies make
contracts for small to mid size
trucking companies with tons of
caveats that must be reviewed before
anyone at your company agrees to the
service. Brad Hoffman has been
dealing with trucking factoring
companies for nearly twenty five
years - few can offer the expertise
Brad provides trucking company
business owners on factoring.
Some basic trucking company
receivables finance / factoring
benefits you should expect....
Fuel Discounts
at the major fueling locations
nationally
Easy To Use
Fuel Card Limits
Detailed
Business Reports
Online
Management - control all wire
transfers, ACH's - transfer funds
from your credit line or available
AR to other business accounts.
Easy ACH
Processing - take care of payroll,
individual or one time transfers
Payroll
Included - you can add payroll and
settlement options as you need
ACH Protection
- allows you to protect any or all
ACH transactions
Online Banking
- manage your entire banking online
from free bill pay to complete check
reconciliation
Remote
Deposits - want to just scan a check
from your home or office? No problem
- its part of the deal
Credit Cards
for Employees - issue MasterCard
credit cards to anyone in your
company
Interest
Bearing - use account sweeps to earn
interest on your daily balances
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