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

Here is our top 10 list as to why you should consider factoring as your funding solution:

1. CASH IN AS LITTLE AS 24 HOURS
Factoring provides you with the ability to meet your CASH FLOW NEEDS IMMEDIATELY!

2. NO DEBT CREATED
Loans require collateral limited by your hard assets. Factoring is NOT a loan, so there is no debt to repay. A Factoring company purchases your invoices at a discount. This enhances the financial ratios often used to determine your credit worthiness in obtaining other types of financing. Your balance sheet is more attractive and your financial position is strengthened.

3. HIGH ADVANCE RATE
Our participating factors provide Higher Advance Rates which means you factor Fewer invoices to meet YOUR CASH FLOW NEEDS, which also means YOU WILL SAVE $$$$$$$!

4. NO FINANCIAL STATEMENTS REQUIRED
In many cases, No business or personal financial statements or tax returns requested. Clean personal credit is not required. No minimum volume requirements, no long term agreements.

5. PROFESSIONAL COLLECTIONS
Factors handle collections in a professional manner. Factors are not collection agencies. They understand the importance of business relationships and treat each debtor as though it is your best customer. Factoring companies SPEED the collection of invoices and Reduce your collection cost. You can eliminate the overhead cost associated with having someone internally handling collections.

6. INVOICE PROCESSING
You can greatly reduce your cost of processing invoices because factors handle much of the work.

7. ENHANCE YOUR CREDIT
Once you begin factoring, the increased cash flow will provide the liquidity to pay your venders on time. Making timely payments to vendors positively affects your credit rating allowing you to obtain credit from other venders and financial institutions.

8. INCREASED PRODUCTIVITY
Business owners often spend more than half of their time on duties they do not relish, such as collections, administration, bookkeeping, warding off creditors and searching for additional capital. Factoring helps eliminate this wasted time.

9. REDUCE ACOUNTING COST
Customers of factors receive information regarding outstanding and paid accounts on a daily, weekly and monthly basis.

10. NO LOSS OF BUSINESS EQUITY
Ownership percentages remain unchanged with a factoring arrangement (unlike considering bringing in new partners with capital).

More benefits of factoring:
  • Meet seasonal demand
  • Improve creditworthiness
  • Regulate cashflow
  • Take early pay discounts
  • Meet payroll
  • Cash available - on demand
  • Your credit line grows with your business
  • No tax returns, audits or financials needed
  • No other collateral needed
  • No debt created
  • Minimal paperwork
  • Invoices are paid faster
  • Focus on business growth
  • Credit screening
  • No geographical limits
  • Detailed management reports
  • Volume discounts
  • Credit monitoring
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