Why Factor How Does It Work? Why Use FreighCash? Does My Company Qualify? Factoring Terminology Apply Now

Does My Company Qualify for Freight Factoring?

If your transportation company generates at least $10,000 per month in accounts receivable, can help you find a competitive factor to work with.

The "Typical" Transportation Company benefiting from factoring includes:

  • Young companies with creditworthy customers that need cash to grow and lack the financial track record required by traditional lenders.

  • Businesses that are doing well, but improved cash flow would help them take advantage of new sales and profit opportunities.

  • Businesses with income or credit problems, tax problems, even start-up companies with limited credit history.

  • Companies with operating losses including those, which have already filed for bankruptcy protection.

  • Businesses that are growing rapidly and need capital to fill orders or services, but have too much money tied up in accounts receivable.

  • Businesses unable to obtain conventional bank or asset-based lines of credit.

  • Businesses that are positioned to increase their current volume of business but do not want to incur any debt or increase overhead.

Fill out a Client Profile and start getting your cash immediately.

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