Reefer Load Freight Factoring
Trucking companies that need fast funding for their refrigerated loads use factoring to boost their cash flow. Freight factoring allows carriers to receive a cash advance on their unpaid invoices with no long term contracts. The application process is quick and easy and truckers can expect their cash advance within 24 hours of approval.
Owning a refrigerated truck is an expensive business venture and high insurance premiums can cause major headaches. Aside from insurance, there are a lot of other expenses that come with owning a small reefer trucking company. Maintenance, fuel and paying drivers are just a few of the additional costs. On top of all these costs, slow paying customers can put a major dent into your working capital. With a strong cash flow, some of these headaches can be avoided. A truck factoring company provides you with the upfront cash you need to pay employees, perform maintenance on your reefer trucks, pay for fuel, and anything else. Truckers can use the extra cash from factoring however they please.