The industry is continuing to grow and there is a lot of competition out there these days for freight brokers. With more than 20,000 registered as a freight brokerage in the United States, you need to be operating efficiently and reliably to keep up with the bigger brokers and not get left in the dust. Freight bill factoring is much more than payment advances with a factoring fee. It can take your company to the next level through a steady source of working capital and strategic partnerships. Cash flow problems continue to be a major failure point for many brokers and trucking companies trying to make it in the commercial freight industry. This issue spans from the smaller owner-operator outfits to the larger companies. Did you know that a freight factoring company is not just for carriers? In fact, our partners have been providing freight factoring services to freight broker companies for years and truly understand the unique needs and insight brokers need to succeed in the industry. We understand that the cash flow hassle can be a make or break circumstance for your business. Shippers do not always have your best interest in mind and often pay out slower than you really need them to so that your business can keep going on to the next job.
In recent years we have seen the growing trend of bankruptcies among registered freight brokers as they feel the squeeze on their finances from shippers that continue to slow pay. However, we know that number is often higher than reported. Smaller companies tend to just silently fade away without the formalities of filing for bankruptcy or officially closing the business.
This is where our partners come into the picture. They are able to turn your freight bills into money now through an invoice factoring program, covering your company’s needs to stay on the path to success through free fuel cards, account management, and much more.
Don’t get passed up by another carrier for one of the mega-brokers taking all the business preventing you from getting new customers. Take control of the situation and get the right team on your side to make the winning difference.
Don’t fall for those non-recourse factoring gimmicks with long-term contracts and hidden fees. Use the right partner for your trucking business. Contact us today to learn more about our broker factoring partners, and get a free quote to start factoring. Contact us at (913) 393-6100.