Invoice factoring is the practice of “selling” your invoices, or accounts receivable, to a company that then pays you right away for that invoice, minus a fee. This gives you cash flow you can use to pay bills, finance operations, take on new business, and handle business expenses as they come up. Factoring companies also often handle
One of the most significant issues for any small business is cash flow. Most clients you haul for pay your invoices 30, 60, or even 90 days later. In the meantime, you still have expenses to continue to run your company. Some daily and monthly expenses like fuel, maintenance, and insurance can’t be put off that
The factoring business isn’t always well understood and even gets a bad rap in some instances. But why is this? The act of factoring a load helps a carrier in so many different ways, you’d think that everyone would be excited about factoring companies. Today we’re going to be debunking some of the most common
Curious about what digital freight matching is all about? Learn about digital freight matching and the idea that a carrier can simply tap to accept a load and then hit the road.
Running a modern freight company takes a lot of work, and it means you have to be a lot more than just an owner or manager. You’re also your own human resources department, marketing department, and accountant. Freight factoring (AKA load factoring) makes that last job a little easier by helping you manage your cash
Whether you have one truck or five on the road, factoring may be able to benefit your trucking business. Learn more about the benefits of factoring.
Learn some precautionary measures that will help you protect your money and avoid being a victim to freight and trucking scams.
Learn why factoring is a great option for carriers looking for better cash flow.
Truckstop.com is excited to announce the acquisition of D&S Factors—a factoring service for the transportation industry.