TBS Factoring

  Freight factoring is an important financial instrument for trucking companies because it continues to keep the cash flowing through the firm by converting unpaid invoices into instant cash. With payment cycles in the freight industry taking between 30, 60 or even 90 days, dealing with a top freight factoring company can make all the difference between whether a firm thrives to cover operational costs or not.  Below is an in-depth look at the guide for a top freight factoring company , their primary features and what makes them stand out.  Why Freight Factoring Matters? Freight factoring matters because  Immediate Cash Flow: Factoring companies provide 80-90% of the value of the invoice, often in a span of 24-48 hours, helping carriers not have to wait to pay for gas, maintenance, and payroll. Administrative Relief: Factoring partners are responsible for collection work as well as back-office functions, leaving time for business development. Risk Protection: Many p...

  Waiting 30, 60, or even 90 days to be paid for a haul? That's not only annoying—it can cripple your cash flow. Trucking is a high-speed business, but invoices travel slowly. That's where a trucker factoring company comes in, providing a lifeline to keep your wheels (and your wallet) turning.     If you're an independent owner-operator or operating an expanding fleet, invoice holds can bring your business to a standstill. But there's a better way to do it: load factoring . Let's lay it out and see why more truckers are teaming up with factoring compan y for truckers to get paid faster and achieve financial independence.   What Is Load Factoring and How Does It Work?   Load factoring—also referred to as freight factoring—is a financing service that converts your unpaid invoices into the cash in your hand immediately . Rather than waiting for payment from shippers or brokers, a factoring company loans you most of the invoice amount (typically 85-95%) i...