by Dean Wiltsey | Aug 22, 2023 | Factoring, Finance, Trucking
As an owner-operator, you know that slow paying customers can put a strain on your finances and make it tough to keep your operations running smoothly. The last thing you want is to turn down a load because you’re still waiting to get paid from a previous load,...
by Dean Wiltsey | Jun 9, 2023 | Factoring, Finance, Trucking
In the fast-paced world of trucking, maintaining a healthy cash flow is crucial for the success and growth of freight carriers. However, the nature of the industry often leads to delayed payments from shippers and brokers, which can put a strain on a trucking...
by Dean Wiltsey | Apr 19, 2023 | Factoring, Freight Brokers
As a freight broker, managing cash flow is crucial to the success of your business. You need to pay carriers, cover operational expenses, and invest in growth opportunities. However, waiting for customer payments can cause cash flow gaps that can hinder your ability...
by Dean Wiltsey | Jan 4, 2023 | Factoring, Finance
Factoring is a financial transaction whereby a company (Seller) sells its accounts receivable (Invoices) at a discount to a third party (Factor). This is done to facilitate the immediate payment of an invoice(s) and allow the business to accelerate cash flow to...
