There are many things to consider when searching for the best freight factoring company. We’ve put together a top 5 list to help get you started. After all, choosing the right freight bill factoring company is an important step in helping your business grow. If you don’t have a handle on their customer service, fees, and other items you can get burned.
There are many people that offer factoring services but don’t understand the particular nuances of the trucking industry. Are the trucking factoring companies you are looking at experienced in this industry? How long have they been around?
One easy way to get burned involves just signing off before understanding what you signed up for! Read those contracts, understand the rates, and don’t feel inferior if you have to ask for things to be explained again or in a different way.
You are the client. So you should be treated respectfully and positively from the get-go. Since freight factoring involves so many decisions it’s important that you know they answer the phone, emails, and help you out when processing all those documents.
Check up on their customers. Ask to call a few. Look on their website for any reviews or testimonials. Finally, Google searches the company name and then add the word “reviews” at the end of it or “testimonials”. This should turn up some stuff.
In this day and age, with the fuel pricing fluctuating wildly, you may have the loads but you don’t have the fuel to run them. So a trucking factoring company that offers fuel advances goes a long way.
Well, there you have it – 5 tips to finding the best freight factoring company. As always, we are here to help. Just contact us via phone, online, or live chat.