Factoring services bring
a great revolution to the trucking industry. Now, anyone from small to medium business
owners can operate their business smoothly even when clients do not make
payments on time by factoring their freight bills. Factoring is a process by which you can get
immediate liquidity from independent companies at particular interest rate.
Last year, my trucking business
was not in good financial condition. Most
of my clients told me that they would pay their invoices within 60 to 90
days. However, I needed immediate cash
so I could manage my internal business operation which includes driver’s
payment, purchasing of fuel, loading of goods, maintenance of trucks and
more. I did not have the option of waiting
for clients’ payment since most of my drivers were planning to quit the job.
This is when I came in contact with CashFactor the leading Transportation Financing New York
company.
The company is the
freight factoring division of Summer Financial that is known for providing same
day funding to companies in need of immediate liquidity. The best thing about this company is that
they offer 90 to 95% of cash on your freight bill on the same day of
applying. To help companies manage their
business operation smoothly is their main objective.
Invoices factoring Pennsylvania
comes up with a wide range of factoring programs to cater to various needs of
clients under one roof. All their
programs are tailored after extensive market research. Therefore, each of their
programs effectively meet all the demands of the trucking industry.
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