Freight Factoring

How does freight factoring work?

Freight factoring is a well known concept used to dramatically amplify working capital in the transportation industry and trucking business. Our firm supplies an immediate cash payment to the carrier upon the proof of an executed bill of lading, evidencing receipt of the delivery along with an invoice. Companies that have weighed their options while seeking small business financing by selling trucking bills deem freight bill factoring as not only practical but viable. Our primary focus is your success by: Learn how  carriers and brokers service sell trucking company bills that in return pays for fuel charges, wages of drivers and other expense. Just submit your trucking company bills along with a bill of lading and receive an immediate cash payment. If you are currently working with a finance broker or commercial loan specialist have them contact us therefore we can review your scenario and respond promptly with quote and fund immediate cash within 24 hours. Not only is this invoice factoring approach, of sending us your trucking bill and bill of lading in exchange for cash simple but one of the many advantages is the control over cash flow and accounts receivable management. Immediately upon receipt of transportation bill, we handle all administration of background and credit checks and processing of invoices so our clients can do what they do best: expand and manage their business. Recent start-ups and new trucking companies should ask our representatives how we can assist them with getting setup and meeting requirements of compliance service firms located throughout North America. So, if your business is looking for a company to partner with to grow its revenues through freight factoring choose Lily Pad Financial.