Freight Bill Factoring – Right or Warning for Your Business
Shaw Capital Factoring and Management of Loans Freight Bill factoring Tips - One of the most difficult
aspects of managing a trucking company – especially a small trucking company – is the cash flow.
Cash
flow is all about how money moves through your company.
Unfortunately, when you have clients that pay
30 to 60 days after you have shipped for them, the cash flow can become a littlestrained.
This is
because, even though your customers have not paid yet, you still have daily expenses: truck
maintenance, pay checks to personnel, fuel costs and more.
So how do you cover these expenses when
you do not have the ready capital to hand? One solution can be freight bill factoring.
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