jordan pas cher How Freight Bill Factoring Can Hel

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Trucking companies understand how difficult it can be trying to run an operation while waiting for invoices to be paid. Some clients may not pay until 60 days after a job has been completed. Trucking companies understand how difficult it can be trying to run an operation while waiting for invoices to be paid. Some clients may not pay until 60 days after a job has been completed.
Meanwhile, the trucking company must continue to pay its bills in order to keep their business afloat, some times on very little cash. Labor must be paid and gas purchased without any cash from the client (at least not for 30-90 days).
Many trucking companies are forced to rely on credit to keep their businesses going or risk losing everything. One option that is starting to be used by many businesses in the [url=http://www.rtnagel.com/airjordan.php]jordan pas cher[/url] industry is freight [url=http://www.fibmilano.it]woolrich outlet[/url] bill factoring.
Freight bill factoring provides a trucking company with fast cash. Instead of waiting [url=http://www.sandvikfw.net/shopuk.php]hollister sale[/url] 30-90 day to get paid for jobs they already, they can be paid in 7 days from a factoring company. This gives companies the money they need to pay their drivers, recoup their transportation costs and also take on new jobs, all without taking on any new debt.
The process of factoring (also referred to as invoice funding, po financing, and accounts receivable factoring) [url=http://www.marrakech-hotel.fr]hollister[/url] is simple enough. It involves two things, a company's invoices and [url=http://www.riad-marrakesh.fr]abercrombie pas cher[/url] a [url=http://www.jeremyparendt.com/Barbour-Paris.php]barbour france paris[/url] factoring company, also known as the factor. The factor purchases a company's invoices for cash and then collects these invoices for a business for a fee. Typically this fee is somewhere in the neighborhood of 1.5%-3.5%.
Here is an example: Super Road Trucking Company may have just completed a $50,000 job for a client with very good credit. They have invoiced their client and expect to be paid in 30 days. This means that Super Road won't be able to use any money from the client to pay their driver, gasoline or any other related expenses for that particular job. Because they don't yet have the money they are having trouble financing new business and have thus turned down several large contracts.
They decide to use a factoring company. The [url=http://www.par5club.com/louboutin.php]louboutin[/url] factor pays Super Road $45,000 for the invoice and then collects it themselves. Once the receive it, they return it to Super Road, minus an agreed upon fee. Problem solved, further damage averted. Super Road gets the money they need and are now able to continue operations.
Hopefully, you are able to see the benefit of freight bill factoring. It is an opportunity for [url=http://www.teatrodeoro.com/hollisterde.php]hollister deutschland[/url] truck companies to get capital to continue or expand operations without taking on any new debt. It is important to note that this only works if the company or person who owes the balance on the invoice has good credit. This provides insurance for the [url=http://www.gotprintsigns.com/abercrombiepascher/‎]abercrombie pas cher[/url] factor that they will receive their money after [url=http://www.fibmilano.it]woolrich[/url] fronting it for the company.
Standard charges for this type of service differ but fall often somewhere between 1.5% and 3.5%, though this can differ. The costs will be affected by invoice periods. If a company allows for a 60 [url=http://www.teatrodeoro.com/hollisterde.php]hollister[/url] day turn around, they will be charged more then a company that has a 30 day turn-around. This is because it may [url=http://www.davidhabchy.com]barbour sale[/url] take longer for the factor to recoup their money.
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