The U.S. government could shut down this week. Federal funding is set to expire at 12:01 a.m. on Saturday, December 21, unless Congress passes a continuing resolution (CR) or another funding measure by Friday night. Efforts to pass a short-term funding bill have been derailed by political disagreements, including opposition from President-elect Donald Trump and … Read More
Faced with delayed payments and a slow cash flow, freight brokers need solutions that align with the fast-paced industry. The financial advantages of freight broker factoring offer immediate benefits, enabling quick invoice payments and stabilizing your cash flow without collateral risk. Dive into our guide to understand how factoring can financially bolster your operations. Freight … Read More
It can be frustrating to put in the time and effort to successfully haul a load of cargo just to get stuck waiting for payment from your customer. Freight invoice collection can be a pain for small trucking companies and owner-operators who have to focus much of their time and energy into finding and hauling … Read More
Spending long hours on the road, finding loads to haul, making sure that your truck is in good condition, ensuring that you have all of the proper licensing– as an owner-operator or the owner of a small trucking company, you are busy, to say the least. Handling your finances is the last thing that you … Read More
Being an auto hauler can be tough if your customers aren’t paying you for up to 60 days. Freight factoring companies can provide immediate cash for auto haulers by advancing funds based on their invoices. Auto hauling has quite a few upfront costs – you haul the vehicles and pay the gas and other expenses … Read More
Hot Shot Factoring – Frequently Asked Questions What is hot shot trucking? Hotshot trucking is a category of trucking that involves hauling time-sensitive loads. Hotshot truckers typically use a midsize pickup truck with a detachable trailer. Carriers haul smaller freight to a local or regional destination for a single customer. Hotshot truckers must have an … Read More
Cash flow challenges are a constant battle for many trucking companies, often hindering business growth and operations. A cash flow crisis can severely impact a trucking company’s ability to operate and grow, making it crucial to have effective cash flow management strategies in place. But what if there was a solution that could help manage … Read More
New disclosure laws in California push for standardized disclosures for factoring companies, making invoice factoring agreements increasingly difficult. Currently, California ranks as the 5th largest economy in the world, making smooth business transactions pivotal. California factoring companies play a crucial role in maintaining this economic status by providing quick and flexible financing solutions. Given the … Read More
Factoring companies across the country are having a difficult time doing business in California due to new disclosure laws. This guide will help you understand the impact it’s having on the factoring world and what you can do to get your business the funding it needs today. Impact on the Factoring Industry: Transparency: The primary … Read More
The California disclosure laws present unique challenges to California factoring companies wanting to do business within the state. However, these challenges can be met with strategic responses. Here are some ways factoring companies can deal with the challenges presented with adhering to these laws: Invest in Compliance Infrastructure: Developing and investing in software that can … Read More
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