With credit protection in place, you can confidently extend better credit or payment terms to your customers and focus on growing your business without worrying about potential financial setbacks.
Credit and Collection Services
Factoring companies take the burden of collecting payments on factored invoices off your plate, freeing you from the financial risks and interruptions that come with chasing down customer payments. Instead, with credit and collection services, you can focus on what you do best—transporting goods and growing your business.
Keep Your Trucks Rolling with Fuel Advances
Fuel is one of the biggest expenses for freight companies. Fuel advances ensure that small transport companies with outstanding receivables have the cash flow to keep their tanks full and trucks on the road.
Save at the Pump with Fuel Discounts and Truck Stop Perks
Freight factoring companies often negotiate 3rd party agreements with fuel providers to offer their clients discounted fuel prices, helping you save money on one of your largest operating expenses. These fuel discount programs can directly impact your bottom line, making your transportation business more profitable.
In addition to fuel discounts, some freight factoring companies’ fuel programs also include exclusive discounts and perks at truck stops. This means that you can also save on other expenses you may encounter on your route, such as food, lodging, maintenance, and repairs.
Access to Load Boards and Additional Services with Freight Factoring
Load boards can be invaluable to transportation and logistics businesses, helping them find and secure loads to maximize their revenue. By partnering with a freight factoring company that offers load-board access, carriers can stay competitive in the market and keep their trucks moving.
In addition to load boards, freight factoring companies may offer other services such as roadside assistance, equipment financing, and discount programs for maintenance and repairs. These additional offerings help enhance the overall value of partnering with a freight factoring provider and can contribute to the long-term success of a transportation business.
Customized Factoring Solutions for Transportation and Logistics
Every transportation and logistics company has unique needs and goals. A good freight factoring company understands this and offers customized factoring solutions to meet the specific requirements of its clients. This may include tailored funding options, flexible contract terms, and personalized customer service to help carriers navigate the complexities of invoice factoring. By working with a freight factoring company that takes the time to understand your business and offers customized solutions, you can be confident that your financial needs are being met in the most effective way possible.
Remember, not all freight factoring companies offer the same benefits. Take the time to research factors and compare their services to find the perfect match for your business. Invoice Factoring Guide (IFG) can help you connect with industry-leading factoring companies in your area.
Reach out to us for a factoring rate quote today, or explore our Factoring Guide to learn everything you need to know to make an informed decision.