Hopper Bottom Freight Factoring | Grains and Aggregates Factoring
Freight Factoring for Grains and Aggregates Factoring
 |
GET STARTED
Hopper bottom freight factoring is well-suited for carriers involved in transporting grains, bulk commodities, and aggregates.
Factoring enables hopper bottom carriers to access funds from their unpaid invoices and freight bills, eliminating the need to wait 30 to 90 days for customer payments.
There are certain basic points to consider, including
The carrier cannot operate as a sole proprietorship.
We treat a hopper bottom factoring deal like any other freight factoring facility.
There could be certain issues if the carrier is dealing with a product under the Perishable Agricultural Commodities Act (PACA).
There might be a problem if the carrier is delivering the load subject to payment.
Or if the carrier is a distributor or middleman, and there are concerns, such as the farmer getting paid for the grain.
However, if the carrier is hauling the product like any other load, there should not be a problem or additional complications.
More Information
For more information about freight factoring and the cash flow benefits it offers carriers, please reach out to us using this short form. The representative for your area will respond to you promptly.