Factoring for Cattle Transportation Companies
Freight Factoring for Cattle Carriers
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Cattle Freight Factoring
Freight factoring can assist cattle transportation companies that frequently bill their business customers on credit terms by safeguarding their cash flow from unpaid invoices that may take 30 to 90 days to settle. Factoring can eliminate the waiting period for customer payments, even for invoices with terms extending up to 90 days.
We work with cattle carriers (no sole proprietorships) that have experienced management and a strong client base.
In addition to factoring your cattle loads, we can also factor your general freight.
Here Are a Few Points to Consider:
Typically, a 12-month factoring agreement is required.
Personal credit and debtor credit are reviewed.
An active DOT/MC authority is required.
We treat cattle transport factoring like any other freight factoring transaction.
Certain issues may arise under the Perishable Agricultural Commodities Act (PACA).
The cattle load cannot be delivered on a sale that is subject to payment.
If a distributor or middleman is involved, we may require proof of payment to confirm the farmer's payment.
If our customer is just hauling cattle like any other freight, there should be no problems.
More Information
For additional details on how a cattle transport company can benefit from improved cash flow, please complete this short form. Our team member for your area will reach out to you promptly.