Factoring Financing Keeps Freight Haulers In High Gear
Factoring financing provides freight, trucking and logistics companies reliable cash flow to meet ongoing expenses and a stable financial foundation to capture new business.
March 1, 2011 - Fredericksburg, VA - (http://www.smart-business-financing.com) Freight haulers and logistics companies are discovering new way of financing their businesses. A unique factoring financing program specifically designed to meet the demands of this cash-intensive industry gives trucking and logistics companies a powerful small business financing tool that both eliminates the usual 30 to 60 day wait for payment on trucking invoices and reduces the burden of collections and bookkeeping.
In the lucrative freight and logistics industry, cash flow is a nagging problem. And this is particularly true for trucking companies, which often find themselves in need of cash to pay drivers and equipment and fuel expenses before they are paid for jobs. While many freight customers wait 30, 60, sometimes up to 90 days to pay their bills, a trucking company does not have the option to defer payroll or repair broken equipment for months at a time.
"Companies in the freight and logistics businesses face a constant challenge meeting expenses," said Mike Lieber, Smart-Business-Financing.Com contributor and president of AEGIS Financial Solutions. "A factoring program allows them to get cash for their invoices immediately to meet ongoing expenses and pay bills."
Although many factoring companies offer traditional transportation factoring to trucking and logistics companies, Lieber's 13-year old Frederickburg, VA firm is one of few that can offer the service to trucking brokers.
"A trucking broker can use factoring financing to get their trucking invoices paid in as little as one day so they can pay their truckers quickly," he said. "The competitive advantage and productivity benefits it gives to a brokerage company are huge."
A factoring financing line is very different than a business line of credit or loan and much quicker to establish too -- services can usually be set up in a few days. Selling freight or trucking invoices requires no complicated applications, no debt and no monthly payments.
Most small and mid-size trucking and transportation companies should easily qualify for a factoring program. The one main requirement to qualify is that the freight or logistics company must do business with commercially creditworthy clients.
For new and emerging companies, factoring financing simply cannot be beat. Invoice factoring companies are generally comfortable working with new businesses, so a small business start up should be able to qualify.
"Best of all," says Lieber, "as the business grows, the amount of financing available from the factoring financing line increases automatically. This makes factoring the most flexible form of business financing available anywhere."
About AEGIS Financial Solutions, Inc.: Founded in 1998, Mike Lieber's company has been on a mission to help people solve financial problems and get money when they need it most, using the fast and flexible resources of the cash flow industry.
Press Contact:
Mike Lieber, President
AEGIS Financial Solutions, Inc.
88 E. River Bend Road
Fredericksburg, VA 22407
mjl@aegisone.com
PH: (540) 548-2270
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March 1, 2011 - Fredericksburg, VA - (http://www.smart-business-financing.com) Freight haulers and logistics companies are discovering new way of financing their businesses. A unique factoring financing program specifically designed to meet the demands of this cash-intensive industry gives trucking and logistics companies a powerful small business financing tool that both eliminates the usual 30 to 60 day wait for payment on trucking invoices and reduces the burden of collections and bookkeeping.
In the lucrative freight and logistics industry, cash flow is a nagging problem. And this is particularly true for trucking companies, which often find themselves in need of cash to pay drivers and equipment and fuel expenses before they are paid for jobs. While many freight customers wait 30, 60, sometimes up to 90 days to pay their bills, a trucking company does not have the option to defer payroll or repair broken equipment for months at a time.
"Companies in the freight and logistics businesses face a constant challenge meeting expenses," said Mike Lieber, Smart-Business-Financing.Com contributor and president of AEGIS Financial Solutions. "A factoring program allows them to get cash for their invoices immediately to meet ongoing expenses and pay bills."
Although many factoring companies offer traditional transportation factoring to trucking and logistics companies, Lieber's 13-year old Frederickburg, VA firm is one of few that can offer the service to trucking brokers.
"A trucking broker can use factoring financing to get their trucking invoices paid in as little as one day so they can pay their truckers quickly," he said. "The competitive advantage and productivity benefits it gives to a brokerage company are huge."
A factoring financing line is very different than a business line of credit or loan and much quicker to establish too -- services can usually be set up in a few days. Selling freight or trucking invoices requires no complicated applications, no debt and no monthly payments.
Most small and mid-size trucking and transportation companies should easily qualify for a factoring program. The one main requirement to qualify is that the freight or logistics company must do business with commercially creditworthy clients.
For new and emerging companies, factoring financing simply cannot be beat. Invoice factoring companies are generally comfortable working with new businesses, so a small business start up should be able to qualify.
"Best of all," says Lieber, "as the business grows, the amount of financing available from the factoring financing line increases automatically. This makes factoring the most flexible form of business financing available anywhere."
About AEGIS Financial Solutions, Inc.: Founded in 1998, Mike Lieber's company has been on a mission to help people solve financial problems and get money when they need it most, using the fast and flexible resources of the cash flow industry.
Press Contact:
Mike Lieber, President
AEGIS Financial Solutions, Inc.
88 E. River Bend Road
Fredericksburg, VA 22407
mjl@aegisone.com
PH: (540) 548-2270
###
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