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www.ocf.com 888-266-0197 Other fre factoring companies require you to sign a restrictive contract that ranges from 6 months to 1 year or longer. And they require you factor with them during that entire time. Six To Twelve Months in the trucking world can be very volatile. The danger with a long-term freight bill factoring contract is that you pay a "stiff fee" to keep or escape it. You will still have to pay the full rate and fees if you experience a decrease in the number of trucks that you are running. A Freight bill Factoring company provides you with an experienced, professional approach to credit decisions and collection operations by examining each Account Debtor's credit standing and determining credit worthiness from a credit manager's point of view. Stronger Cash Flow - The financing afforded by a Truck Factoring to its client is based on sales
Categories: Advertising
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More Truck factoring Information Why Truck Factoring is Necessary "A sale is not a sale until you collect the money" Are you a part -time banker for your customers?Take a look at your accounts receivable aging schedule and count the number of accounts over 30 days.Congratulations, you are extending credit to those customers. You are not getting paid for delivering your end of the deal in a timely manner and as a result you are providing the use of your money to your customer for free. Not exactly the truck business you thought you were getting into, is it? Ask yourself this question: If those customers of yours went to a bank, borrowed the same amount of time, would they expect to pay a substantial amount of interest for the privilege? Of course they would! OCF Truck Factoring - Providing truck factoring services nationwide - Over 70 years of factoring company experience - Up to 97% Advance Rates
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