Freight factoring is facing a surge in popularity among trucking and transportation companies across the US.
Trucking business owners are sick of waiting for their invoices, so they started turning to freight factoring companies to turn their slow customer payments into immediate cash.
With peak season in full swing, National Business Capital & Services has been flooded with requests from transportation companies for freight factoring that can’t wait to act on taking advantage of holiday profits.
Freight factoring is a method of business financing that involves selling one or more transportation invoices in exchange for immediate cash.
This is the key difference between small business loans and freight factoring. Financing with business loans involves borrowing money from a lender, which the business owner is obligated to pay off over time.
With invoice factoring, freight transportation companies can sell their invoices for immediate cash, and leave the factoring companies themselves to wait for their slow customer payments!
NOTE: Factoring companies are infamous for pestering your customers for their payments. If you want to obtain freight factoring, but want to avoid these kinds of companies, contact us at National.
We have connections to factoring companies that give you total control of your customers, and give you the funds you need faster and easier than any other freight factoring company.
First, you have to qualify. Traditional factoring companies are known for making this difficult.
However, with National, all you need in order to get cash is the invoices themselves.
Are necessary in order to get freight factoring through National.
If you prefer immediate cash to waiting for slow customer payments, National has the connections to the industry-leading freight companies you need in order to get the best offers, with the best terms available.
Contact National at (877) 482-3008 for a free consultation, or apply online by filling out our 1-minute application online, and get funding in as little as 24 hours!
National Business Capital & Services is the #1 FinTech marketplace offering small business loans and services. Harnessing the power of smart technology and even smarter people, we’ve streamlined the approval process to secure over $1 billion in financing for small business owners to date.
Our expert Business Financing Advisors work within our 75+ Lender Marketplace in real time to give you easy access to the best low-interest SBA loans, short and long-term loans and business lines of credit, as well as a full suite of revenue-driving business services.
We strengthen local communities one small business loan at a time. For every deal we fund, we donate 10 meals to Feeding America!
Matt Carrigan is the Content Writer at National Business Capital & Services. He loves spending every day creating content to educate business owners across every industry about business growth strategies, and how they can access the funding they need!