As someone who runs a trucking business, you’ve likely come across something called factoring. Sometimes it’s called receivables finance or in transport freight invoice factoring. Sometimes people call it debtor finance but it’s all basically the same thing. It is basically factoring of freight notes or load sheets. Usually, you have to create one of […]
Factoring of invoices
Invoice Factoring Funding for your Transport Business
Growing your Transport Business with Invoice Factoring Funding Is cash a little bit tight in your transport business? Have you ever risked missing payroll or missing the next truck payment? In the past have you almost missed paying the fuel card and losing the account? Could you miss a load or a trip due to […]
Invoice Factoring or Debtor Finance Vs. Purchase Order Finance
Working Capital Options As a business owner, business working capital is crucial and establishing a steady cash flow is essential. You are generally presented with a set of options. These options often include invoice factoring and purchase order financing. Now, the big question is, which one should you go for. Well, let’s get a better […]
The Importance of Knowing your Break Even Point (BeP)
What is Break Even? BeP or Break Even Points are at the very core of what determines success for your business; they determine one of the most basic aspects of a trucking business – the hauling rate. The reason why so many trucking firms fail is because they don’t factor in operational costs when establish […]
The Benefits of Factoring
Factoring for Freight Brokers For every business, there are days when cash comes in and days when it doesn’t. However, with banks making it harder and harder to access credit, the situation is getting a bit more difficult. Fortunately, there is a solution available in the market and it’s called factoring, sometimes called debtor finance […]
It’s Easy: The Typical Freight Factoring Process
Factoring Or Invoice factoring is a great way to achieve financial stability and smooth cashflow for your trucking business. But, there’s something else that makes the option even more suitable than other types of financing or business loans – let’s look at the process. The process to have your invoices factored using debtor finance and […]
How to Run a Trucking Business that Makes a Profit
The Trucking Business is a tough one, but, also can be quite profitable if you know what to do. However, if you’re someone who is just stepping into the business, here are a few basic tips to help you get started on the path to success. Proper equipment This is the first step towards making […]
How to Choose a Freight Factoring Service?
So, is your freight or trucking business on the lookout for a factoring service? Someone, who with factor your invoices or freight notes? Well, if you are, we understand how tough it can be. There are so many things that you need to consider and all of that can lead to confusion. However, there’s nothing […]
Factoring Vs. Bank Loan
Does your trucking business require funds immediately to keep operating? Well, if that’s the case, you’re likely to consider going for a business loan. After all, you can’t depend on your receivables, especially when the time is of the utmost importance. However, instead of going in for a bank loan, you should probably try opting […]
Common Factoring Errors To Look Out For!
So, you’ve decided to opt in favor of factoring in order to sort out your cash flow woes? Well, you’ve made an excellent decision. Factoring is a fantastic way to make sure your business cashflow stays in shape till the actual profits roll in. However, before you do enroll into a factoring program, make sure […]
