|
|
Feel Like You’re Running a Three Ring
Circus?
More Trucking Owners Turn
to Factoring as their Safety Net.
2-19-2005
More and more trucking fleet owners feel like jugglers
than managers. If you own a small trucking fleet, one thing you have
probably already figured out is that growing your fleet is no picnic. If
you though your cash flow as a small fleet is tough, you haven’t seen
anything yet. You are about to become a juggler in the middle of a
three-ring circus.
Indeed, cash flow becomes a trickier juggling act with
each and every power unit you add. Diesel, driver settlements,
licensing, insurance, permits and repairs all become very predictable
cash drains—and even larger as you grow your fleet.
It’s no wonder that with all those expenses hitting
daily, weekly and monthly that so many trucking company owners
everywhere are walking the high wire without a net if they have no
source of outside capital to catch them when they stumble.
Factoring is the trucking fleet’s safety net. A
factoring safety net allows you to turn your freight bills into
immediate cash, your business will perform less like a high wire act and
more like a well-oiled machine.
With collections averaging over 40 days in the trucking
industry, who has enough capital to support all those regularly
occurring daily and weekly cash needs? The one thing that’s not
predictable is the timing of your cash collections. Have you ever issued
pay checks on Friday, just hoping that you will find a pile of checks in
the mail on Monday morning, rush the deposit over to the bank and
miraculously cover all those checks? There are better ways to spend a
week end than to lay awake at night hoping for that pile of checks to
come in.
Don’t be a juggler. If those collections don’t come
rolling in over the week end, you’re going to be shelling out the cash
to your bank in the form of NSF fees—or worse, explaining to your
drivers, vendors, and employees why you didn’t have a safety net.
Consider the embarrassment of bounced checks and cost of covering NSF
checks. Doesn’t a factoring safety net make more sense?
We find that smaller fleets, say those with 5 to 25
power units can get by with factoring their freight bills only twice per
week. Larger fleets, say those with 25 to 250 power units often factor
their freight bills daily. With a factoring safety net, trucking fleet
owners can be business managers—not circus performers. And by the way,
enjoy your week end!
Start Factoring Today!
About 1st Commercial Credit, LLC
1st Commercial Credit is a
factoring
company for the transportation industry. Services may include but
are not
limited to trucking, air freight, local delivery and freight brokers in the
USA,
Canada and the United Kingdom.
Trucking Factoring Rates
as low as 1.59%

We Make Same
Day Decisions!
Call now for details at
1 800 450 9653
or
Request a Quote Online
Other related pages about
Trucking:
Load Board at PickaTruckLoad.com
Freight Factoring Company
Free
Load Board sponsored by 1st Commercial Credit.
Countries:
[Factoring UK] [Factoring Canada] [Factoring USA]
[Factoring
Trucking] [
Free Freight
Matching Services ]
NEW!
Commercial Truck and Trailer Financing
for Owner-Operators and Small Fleets
Download Application
|

 |
Articles about factoring in trucking:
We can factor all
freight trucking and
transportation industries:
| TRUCKING-LIVESTOCK |
TRUCKING- COMMODITY |
| TRUCKING-DISPATCH SERVICE |
TRUCKING-GRAIN |
| TRUCKING LOCAL WITH STORAGE |
TRUCKING-HEAVY HAULING |
| TRUCKING CONSULTANTS |
TRUCKING-LIQUID & DRY BULK |
| TRUCKING MANAGEMENT |
TRUCKING-LOCAL CARTAGE |
| TRUCKING OIL FIELD |
TRUCKING-MOTOR FREIGHT |
| TRUCKING-CONTAINERIZED FREIGHT |
TRUCKING-OVER DIMENSIONAL LOAD |
| TRUCKING-CONTRACT HAULING |
TRUCKING-REFRIGERATED |
| TRUCKING-DUMP |
TRUCKING-SAND & GRAVEL |
| TRUCKING-OWNER-OPERATORS |
TRUCKING-TRANSPORTATION BROKERS |
| TRANSPORTATION-PASSENGER-TOUR BUS |
TRANSPORTATION-AIR FREIGHT |
| TRANSPORTATION-FREIGHT TRAIN LOAD |
TRANSPORTATION-INTERMODAL
DRAYAGE |
|
Terms of use and Privacy - Copyright 1998-1999 1st Commercial Credit, LLC
FreightBill Cash (SM),
InterGlobeCarrier (SM) Factoring Finance, and 1st Commercial
Credit (SM)) are trademarks of 1st Commercial Credit, LLC.
First
Commercial Credit is a
factoring company that offers
freight factoring finance n the following
states: Alabama, Alaska, Arizona, Arkansas, California, Colorado,
Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho State,
Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine,
Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri,
Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico,
New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon,
Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee,
Texas, Utah, Vermont, Virginia, Washington, West Virginia,
Wisconsin, and Wyoming.
Additional Resource
Links:
Accounts Receivable Loans |
Accounts Receivable Financing |
Asset Based Lending |
Factors
|
Factoring |
Factoring Receivables |
Factoring Companies |
Invoice Factoring |
Industries |
Factoring Accounts Receivable |
Factoring Services |
Factoring Financial Services
Receivable Factoring |
Business Factoring |
Factoring Loans |
Medical Factoring |
Bank Factoring |
Invoice Discounting |
Purchase Order Financing
Equipment Leasing |
Freight Bill Factoring |
Site
Map |
Site Map States |
Site
Map Articles |
Site Map Industries |
|