The roller-coaster ride of running a trucking firm is full of highs and lows. Your wheels never stop turning as you try to track down invoices. You can smooth out your journey with truck factoring. On Orlando truck factoring you can learn more.
Imagine that you delivered a truck across state lines and are now waiting 30-60 or even 90-days to be paid. You're watching the paint dry and your bills piling up. In Orlando, truck factoring can be a real game changer for the trucking industry.
Why is truck financing so popular? You can do it pretty easily. Factoring companies will purchase your unpaid bills at a significant discount. They provide you with immediate cash, typically within 24 hour. The cash is given to you immediately, usually within 24 hours.
Joe, a business owner from Orlando was overwhelmed by unpaid bills. Joe's trucks were sitting idle because he was unable to afford the upfront costs of fuel and maintenance. Joe used truck factoring to get the funds he desperately needed to keep the trucks running and the business going.
What's the deal with turkey? To begin with, you should find an experienced factoring agency that understands the trucking market. Do not hire someone that thinks a truck's axle is merely a part of the math. When you find the correct people, then submit your invoices. You'll need to submit your invoices for approval. They will check your clients' (not your) creditworthiness.
The majority of the amount will be advanced to you once approved - typically between 80-90%. The remaining balance, minus the fee is returned to you when your client has paid up. Simple as pie!
Now, hold on. There are differences between factoring companies. There are some that charge hidden costs or lock you in to long-term agreements with a security tighter than Fort Knox. Do not sign anything without reading the fine prints. Nothing is more disappointing than realizing there's been no coffee left.
You can save money and time by using truck factoring. Imagine not needing to deal with rude clients that dodge your calls faster than Neo did in The Matrix! Allow professionals to handle your payments so you don't waste time chasing them down rabbit-holes.
Do you know that time is money? Factoring for trucks gives you the best of both worlds! Instant advances will improve your cash flow, and the outsourced collections can free up hours of valuable time.
And there is more. Other factors include fuel cards offering discounts in major truckstops nationwide - a lifesaver when diesel costs are surging faster than the fireworks of July 4th.
This is probably the point where you think "this seems too good!" The truck factoring fee is a price that varies according to factors including the volume of monthly invoices and risk levels. But compared with potential benefits, it's a bargain!
So whether small fleet owner struggling meet ends meet--or seasoned veteran looking streamline operations--invoicing woes behind once embrace power-truck-factoring-Orlando-style-baby!