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.
Basic Criteria
There are particular items to consider, such as:
No sole proprietorship carriers.
The carrier must have a minimum of $500,000 in annual revenues.
The monthly minimum factoring amount is set at $25,000.
At least two customers must be included in the factoring facility.
Typically, a 12-month factoring agreement is required.
We also evaluate both debtor and personal credit.
The carrier must possess active DOT/MC authority.
Cattle hauling factoring is processed similarly to other freight factoring transactions.
When our customer deals with produce under the Perishable Agricultural Commodities Act (PACA), specific issues may arise.
If the carrier is transporting the cattle based on a sale contingent upon payment, complications may occur.
Documentation may be required to verify that the farmer has been paid, especially if a distributor or middleman is involved.
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.