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Choosing a Factoring Company and Why!
Sponsored by: Freight Capital Partners USA, Inc.
Preparing Your Financing Is Preparing For Your Success
All fleet owners and independent truck drivers are eager to travel the roads, deliver their shipments, and ultimately be successful. In many cases true success is just at your fingertips. However, the one obstacle that makes it difficult to achieve true success is inadequate financing. Every fleet owner and independent truck driver knows the difficulty of delivering a shipment and wondering when the check will come, and pondering how you will fund your next shipment. Factoring your invoices, or selling them at a discount, solves all your cash flow problems. Not only does this type of financing relieve you of your cash flow nightmare, but it opens the doors to total success.
Factoring your receivables allows you to have access to immediate cash whenever it is needed. Therefore, no more waiting 30-60 or even 90 days to be paid! You can have YOUR money within hours of factoring an invoice. Factoring also allows you to offer better credit terms to your customers, allows you access to cash without incurring any debt, and therefore opening the opportunities for success.
Choosing a factoring company is equally as important as the financing itself. A factoring company that truly specializes in the industry is a must to ensure you get the best rates and customer service. Every finance/factoring company will say they will factor your invoices, but many times after you have spent hours even days trying to qualify, you get turned down! Conversely, an experienced freight factor, not only qualifies you more easily, but will usually have better fees and advance rates. This is because they know your industry in depth and this knowledge alone lowers their financial risk. Any company that truly specializes in the trucking/freight industry will be much easier and much more pleasant to work with in the daily grind of growing your business. Also it is imperative that you choose a company that is truly interested in the success of YOUR business. Any factoring company can advance money on your receivables, but only a very few truly want to help you succeed and grow your business. It is that type of factoring company that personally tailors its programs for each company's particular needs, and takes a PERSONAL interest in the success of your company. Finally, it is important to choose a factoring company that has the latest and most up to date technology to ease the need for "time-consuming hassles" to get an invoice funded. As a fleet owner or independent truck driver, your job is to drive and deliver, and the finance/factoring company's job is to keep you well financed and on the path to success!
For more information on the industry specialists, call John Fineout at Freight Capital Partners USA, Inc. 800.720.4918 ext 203 or email at john@capitalpartnersusa.com
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