ALL >> Others >> View Article
Shaw Capital Management And Financing - Freight Bill Factoring To Fund Your Need
Using Freight Bill Factoring to Fund Your Transportation Company by Marco Terry.
Most transportation company owners have to constantly juggle responsibilities. They have to handle vehicle repairs, driver payments, insurance payments, office expenses and more importantly - collecting invoices. Collections can be source of problems for many transportation companies (or freight brokerages) since most clients pay their invoices in 30 to 60 days . Few can afford to wait that long.
Shaw Capital Management and Financing provide same-day-funding. We can help you meet your cash flow needs immediately without entering into a long term factoring relationship. The money you get for the freight bills we purchase is payment in full. Shaw Capital helps you to avoid costly mistakes, online scam, fraud and other identity theft transactions before you knew it.
One way to handle slow payment is to try and negotiate a quick pay - basically asking your clients to pay quickly. Some will do it. Others won't, or at least will only offer it if you give them a discount. Although they are not always reliable, negotiating a quick ...
... pay can be beneficial in most cases.
Shaw Capital Management and Financing offer a complete line of factoring services, purchase order funding, and asset based financing, accounts receivable management, and other related financial services.
If quick pays won't work, your best alternative is to secure business financing to ensure you always have funds on hand to cover business expenses. This can be difficult for most owners since institutions require that all applications have stellar credit, assets that can be held as collateral and many years of experience. This will rule out business loans as an alternative for most small and midsized trucking companies. However, this is not necessarily a big problem since a business loan is not always the solution to this problem.
For many, freight bill factoring will be the better alternative. Freight factoring, as it is commonly known, can provide the equivalent of a quick pay by using an intermediary. The intermediary, called a factoring company, advances you funds against your freight bill. The transaction is settled once your client pays the invoice in full.
One of the advantages of freight factoring is that it provides predictable cash flow, enabling you to comfortably handle your business expenses. It eliminates having to worry about when your clients will pay.
To qualify for freight factoring you need to work with credit worthy clients. Also, your company needs to be free of liens, judgments and other encumbrances. Because of this, freight bill factoring is an ideal solution for small and growing trucking companies and freight brokers.
Shaw Capital Management and Financing offer funding for a wide range of industries and flexible funding requirements that most businesses can easily qualify for.
Add Comment
Others Articles
1. Retirement Planning Strategies For A Secure And Stress-free FutureAuthor: Legacy Advisors, Inc.
2. Personal Loan
Author: Chintamani
3. Car Servicing In Hyderabad: Reliable Maintenance For Modern Vehicles
Author: Caroman
4. Interstate Cleaning Chemical Supplier: The Bottom Line
Author: Shop Gleam
5. Vegan Weight Gain: Supplements That Make It Easier
Author: nutrigainvitamins
6. Jt Packers Movers – Professional Home Shifting You Can Trust
Author: Tariq Khan
7. Grade Calculator: Simple And Complete Guide
Author: Grade Calculator
8. What To Look For When Choosing A Press Machine Supplier In India
Author: Sharma Presses
9. Broadband Connection In Virudhunagar | Sathya Fibernet
Author: Sathya Fibernet
10. Wifi Connection In Tirunelveli | Fibernet Connection In Tirunelveli | Sathya Fibernet
Author: Sathya Fibernet
11. Common Mistakes Homeowners Make When Choosing A 6.6kw Solar System With Battery In Australia
Author: zip Solar
12. How Spray Foam Removal Helps Restore Proper Roof Ventilation!
Author: Spray Foam Removal
13. 10kw Solar System Performance In Summer Vs Winter
Author: 3P Solar
14. Kitchen Remodeling Westchester County Ny: Mistakes Homeowners Should Avoid
Author: Prestige Line Contracting
15. The Future Of Steel Wire Rope Manufacturing In India: Opportunities And Challenges
Author: Indolift






