Freight Factoring for Livestock Carriers and Truckers
Freight Factoring for Livestock Haulers and Cattle Transport Companies
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Livestock Freight Factoring
Livestock and cattle haulers who frequently invoice their commercial customers on credit terms can benefit from freight factoring, which helps protect cash flow from unpaid invoices that may have payment terms ranging from 30 to 90 days.
Factoring is designed to eliminate the waiting period for customer payment, even when invoice terms extend to 90 days.
We work with livestock carriers (no sole proprietorships) that have experienced management and a strong client base.
In addition to factoring your livestock and cattle loads, we can also factor your general freight (non-livestock loads).
There Are Specific Points to Consider, Including:
A 12-month factoring agreement is typically required.
We also look at personal credit and debtor credit.
The carrier must have an active DOT/MC authority.
We treat livestock hauling factoring like any other freight factoring deal.
There might be certain issues when our customer is dealing with produce under the Perishable Agricultural Commodities Act (PACA).
There could be a problem if the trucker is delivering livestock on a sale that is subject to payment.
If there is a distributor or middleman, and if applicable, we may need proof of payment that the farmer has been paid.
More Information
For more information on livestock factoring, please fill out this short form. The office that serves your area will contact you promptly.