The Owners or CEO’s a trucking or transportation company find yourself constantly following down unpaid bills and waiting for payment. There are a variety of financing options available to you generally known as Invoice factoring, also known as invoice financing, which allows you to gain cash advances on your bills right away for a small charge, rather than waiting for the standard “net” terms of 30, 60, or 90 days.
Invoice Factoring Info:
- Limits on loan amounts: $10,000 to $1,000,000
- Credit Rating Requirements: All credit kinds are taken into account.
- Time to process: as short as 24 hrs.
- Timeframe for Repayment: Revolving.