Cartage Freight Factoring
Factoring for Cartage Trucking and Transportation Companies
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Cartage factoring is a financial solution designed specifically for cartage trucking and transportation companies that issue invoices to their commercial clients with credit terms ranging from 30 to 90 days. This factoring service safeguards cash flow by mitigating the risk associated with unpaid invoices.
Billing on Credit?
A cartage transportation company typically refers to a carrier that delivers shipments or light hauls within a city or commercial area. These carriers often bill on credit terms, which can lead to cash flow shortages.
Maintain a Stable Cash Flow
Freight factoring is intended to protect cash flow associated with credit term invoices, helping to eliminate the wait for customer payments. This process allows carriers to sustain a stable cash flow.
Basic Criteria
We typically collaborate with cartage carriers that have a reliable and creditworthy client base. These carriers are looking for a minimum of $15,000 per month in factoring and are willing to commit to a minimum of 12 months.
More Information
For more information on how factoring can safeguard cash flow for cartage carriers, please complete this short form. We will reach out to discuss your specific funding needs and outline the benefits of factoring.