Oil Patch Trucking Factoring Transportation Factoring for the Gas and Oil Field Oilfield transportation companies are unique because their business runs on the credit of their oil patch customers. They need to have a large amount of capital to operate immediately available to buy materials and parts and pay truck drivers wages. Oilfield transportation companies […]
Last Mile Delivery Invoice Factoring
Financing for Last Mile Delivery Companies Invoice Factoring for Delivery Companies Invoice Factoring Solutions for Curbside, Threshold, and White Glove Deliveries Invoice Factoring for Delivery Service Companies Summary Freight factoring services for modern transportation companies such as last-mile delivery providers, couriers, and transporters are possible with the best trucking factor. Delivery service companies require mainstream […]
What is Freight Factoring in Trucking?
Freight Company Factor Finance Trucking Industry Factoring Finance Summary of Freight Factoring Factoring in trucking is a form of financing enabled by you selling your unpaid invoices to a trucking factoring company. In addition, a trucking factoring companies, like Bankers Factoring, buy accounts receivable and provide cash funding with fees as low as .95% per […]
Best Trucking Factor Financing
Trucking company funding without Bank Hassles Is Trucking Factoring worth it for your transportation business? The trucking and transportation industry is booming from pent-up demand at ports. In June, the Port of Los Angeles set a record for the most cargo handled with 876,611 20-foot containers. However, a common problem is tight cash flow with […]
Trucking Company Factor Finance
Financing for Transportation Companies Trucking and Invoice Factoring The US economy depends on over 1.2 million trucking companies to deliver goods throughout the country. However, many trucking company owner-operators are small business owners who fight cash flow gaps from extended payment terms. Nothing is worse than our clients being held at the mercy of their […]
Trucking A/R Factoring in 2023
Don’t Fight Slow-Paying Trucking Customers Non-Recourse Trucking Factoring from Bankers Factoring In 2022, the trucking industry dominated with over 70 percent of freight transportation in the USA, leaving owner-operators needing working capital to fight slow-paying customers. Thus, Accounts Receivable (A/R) Factoring with Bankers Factoring provides trucking companies, owner-operators, and over-the-road (OTR) haulers with an instant […]
Transportation and Trucking Invoice Factoring Pitfalls
Freight Invoice Factoring Hidden Problems Common Freight Factoring Mistakes that can Bankrupt You Costly Unethical Trucking Tactics The global invoice or Accounts Receivable Factoring market is a $3 trillion market in 2022. However, trucking companies seeking cash flow from slow-paying customers with extended payment terms need alternative financing solutions. Bankers Factoring is proud to be […]
What is Freight Factoring?
Solving Cash Flow Issues with Bankers Trucking Factoring Is Bankers Factoring the Right Trucking Factoring Company for you? Trucks move 72% of US freight by weight, with over 97% of trucking companies operating fleets of less than 20 trucks. Thus, if you are an owner-operator with a small fleet, it is challenging to wait for […]