Whatever the size or credit score of your trucking company, it is often difficult to maintain positive cash flow and keep your AR management running smoothly. Any trucking owner will tell you that access to working capital is the key to staying solvent.
Luckily, there are flexible financing options to help trucking companies of any size control their costs while gaining access to convenient funding, without the challenges involved in traditional bank loans. Freight factoring is one such option that remains popular among carriers of all sizes and scope. Because freight factoring is not a loan, you can turn freight bills into immediate cash without accruing new debt from a financial institution.