Freight Bill Factoring Proved to be Beneficial for

1. Freight Bill Factoring Proved to be Beneficial for the Business Entity? Freight bill factoring has come forward as one of the preferred forms of business financing. Money is that fuel, which ensures that a business entity can run smoothly without any interruption. Factoring companies help in to get that money source within no time. It helps in all the carriers and brokers to finance their slow-paying freight bill. How actually do they work is to provide an immediate cash facility in advance based on the invoice value held by any organization? The size of the organization is never a concern for them. They treat all the business entities at par. All they do is hold the invoices which are due for maturity in the future date and then provide the working capital in return of the invoices to run the business in a smooth manner. We all are well aware of the fact that running a transportation company comes forward as a very rewarding job in terms of finance. It can be either a carrier or a freight broker. However, the operation of the trucking company is considered to be very challenging. One of the major reasons behind this is slow-paying clients. Most of the loaders take up around 30 to 60 days to clear their invoices. They rather work enough to drain the business owners completely in financial terms. W- www.factoringfast.com

2. What is Accounts Receivable Factoring W- www.factoringfast.com

3. Factoring Trucking Companies USA Now, certain expenses are considered to be operational ones such as drivers, fuel, and repairs that need to be paid. At the same time, there are even a few companies that, due to limitations in the financial resources, find it difficult to grow their operating scale. Factoring trucking companies come forward as a helping hand by providing immediate funding facility. All the open freight bills are collected, and a reasonable sum of money is disbursed on the basis of the invoice value. The amount disbursed is subject to the deduction of a nominal fee called a discount. So, now there is no need to ask all your shippers for the quick pays. Contact a factoring company and get in quick finance access on the basis of your invoices. W- www.factoringfast.com

4. Freight Bill Factoring and the Invoice Factoring Company W- www.factoringfast.com

5. What is Freight Bill Factoring If you want to know what exactly is freight bill factoring, then let us tell you that it is a crucial service, that permits the trucking companies to get cash against their unpaid bills. When the money is available with the companies, they in can pay for raw materials, salaries of employees, and many other types of maintenance costs. It has become one of the most popular funding methods for all types of companies. Trucking companies can go for either recourse factoring or non-recourse factoring. Most of the factoring companies offer both. The Non-recourse factoring keeps you protected when the client turns out to be insolvent. So, when the clients don’t pay the factoring company, since you will not be held financially responsible, the burden does not lie on the company to pay back to the factoring company. In this case, the invoice factoring company will cover the risk. Since there is a risk in this type of factoring, the fees in the non-recourse factoring are higher. Talking about the recourse factoring, your company will be responsible for complete payment to the factoring company if the client does not pay the invoice. The recourse factoring contract charges less fee as you bear all the risk. To minimize the risk of non-paying clients, the non-recourse factoring is a better option. It is easy to take the services of the invoice factoring company. You just need to submit a copy of your freight bill, also called as BOL or bill of lading. You can send the documents by email or FAX. Some invoice factoring companies also allow the uploading of the documents through a web portal. Once you get the same, the factoring company verifies the bills and then handles the clients to collect the payment. Most of the times you will be able to get the money the same day. In the case of recourse program, you will get the advance within 24 hours from the date of submission of the invoice. The remaining payment is disbursed when the invoice is paid by the client. W- www.factoringfast.com

6. Thank you Factoringfast.com