Freight Brokering and Freight Factors

Today in the transportation industry cash flow is a vital part of business for the tucking companies. There are driver expenses, equipment expenses and fuel expenses. However, trucking companies can also be very profitable, if cash flow is managed properly.

A major challenge for today’s trucking companies is available cash flow. This is one reason that over the past years we have seen quick pay and advance enter the industry; it can take as long as 60 days to get freight bills paid. This puts transportation companies in a tough spot, because unless the company has a significant amount of cash in the bank, it usually cannot afford to wait to get paid.

Small transportation companies try to go to the banks to obtain financing hoping that a loan or line of credit might solve the problem. But at times banks will require that they provide three years of financials that show consistent profits. if a trucking company can provide three years of financials that show profits, why do they need financing.

If a http://www.a1freighttraining.com/ is not able to offer quick pays or advances a solution is to use freight factoring. Freight bill factoring enables freight bills to be turned into cash by selling them to a factoring company. This provides you with immediate financing and allows you to cover all your ongoing business expenses. And in most cases gives you the ability to offer quick pay and advances to the trucking company

Freight bill factoring is an ideal solution for a new and emerging freight broker, and provides you with the necessary financing to operate and grow your business. Yet at the same time if you have the capitol to use and operate your business should not be a choice

A1 Freight Training We are here To Be of Service

Start Today Call (706) 451-9371

Freight Broker Business Training $750.00
Freight Agent Training $500.00 with placement assistance
Freight Broker Material and 2 Hours online Training $200.00