As a small commercial trucking company owner, you have many important responsibilities, not only to your own company but to public safety concerns as well. When hiring drivers, you must make sure that you select those who are qualified for the job demands and whose backgrounds do not offer any reason why they should not be employed by you. Beyond this, you must ensure that your trucks are properly maintained and that your vehicles and their uses are in compliance with state and federal regulations. Keeping up with compliance requires time, and time equals money. With the help of trucking companies factoring services, your business may never face the problem of not having the funds (or time) to keep up with the myriad regulations that apply to intrastate and interstate freight hauling.
No matter how diligent you are in your hiring and training process, sometimes a driver may fail to observe relevant traffic laws, reporting, or other necessary functions which could result in costly fines, penalties, and litigation expenses for you and your small trucking firm. This type of situation could seriously hinder your freight hauling operation’s success, or even bankrupt it altogether. Trucking companies factoring services can help you keep the resources on-hand to deal with unexpected costs. Cash on hand is imperative when these types of situations arise.
When a compliance issue arises with one of your drivers you have to make sure that the money is there to take care of the problem. Slow paying invoices mean less cash on hand. Trucking companies factoring services can solve the problems associated with a slow-paying invoice by using a solution that provides the equivalent of a quick payment. It works by using a financial intermediary (Freight Factoring Company), who advances funds against your freight bills. They settle the transaction once your client actually pays the bill. One advantage of using trucking companies factoring services is that it provides the equivalent of quick payment, without requiring your clients to pay faster. This makes it easy to integrate into most organizations and can help keep cash on hand and drivers on the road.
Trucking Companies Factoring Services from Pay4Freight.com
There are many companies to choose from that provide trucking companies factoring services, but Pay4Freight.com’s focus is to work directly with small trucking companies and owner-operators, so they can compete equally in the transportation marketplace. Their specialists take pride in providing you the best non-recourse freight factoring services in the industry. Call Pay4freight.com today and leave your slow-paying invoice problems behind!
