Hotshot Trucking Invoice Factoring b2B
In the business of hotshot trucking, time is everything, so you don’t want to waste it chasing down your customers for payment. You deserve to be paid for your time spent making a delivery, and Great Funds Factoring can help you access the cash trapped in your invoices today.
Repairs, maintenance, and upgrades on your trucks and equipment cannot always wait for full payment from your customers. Whether they are having financial difficulties or just taking a longer time than desired to pay, this shouldn’t come at the expense of improving your business.
With invoice factoring, Great Funds Factoring can get you the cash flow you need to fund your operating expenses, payroll, insurance, and maintenance fees.
What is Hotshot Trucking Invoice Factoring B2B?
Waiting 30 to 90 days for customers to pay for deliveries you have already made hinders your company’s growth. Great Funds Factoring offers invoice factoring, also known as accounts receivable factoring, so you can receive the cash flow you need upfront.
We will purchase your accounts receivable at a slight discount, keeping you from having to utilize slower, traditional financing methods like bank loans.
Invoice Factoring Turns Your Hotshot Freight Bills Into Cash
Your hotshot trucking business prides itself on making quick and efficient deliveries, ensuring that your customers get what they need when they need it. Great Funds Factoring knows the same should be true for the cash flow of your business.
Hotshot trucking relies on having trucks that receive routine maintenance so they can operate properly, and repairs cannot wait until the next time you get paid. Invoice factoring is an alternative financing option that transforms your unpaid invoices into fast cash.
You’ll be able to put more of your time and money back into your trucking business by letting Great Funds Factoring handle making sure your customers pay.
How Do Freight and Trucking Businesses Benefit From Invoice Factoring b2B?
You need cash flow now, not whenever your customers decide to pay, but you also need a factoring company that understands the freight and trucking industry. Great Funds Factoring is that company!
Our company uses invoice factoring to purchase your freight or trucking business’s accounts receivable at a small discount in exchange for immediate cash flow to your business. Loan approvals are slow and the loans themselves rack up large amounts of interest. Halting the growth of your business while you wait for customer payments is not an option either.
We will make sure that your customers pay while you focus on investing your hard-earned money back into your company. Learn more by filling out an online credit application today!
How Great Funds Factoring Helps Finance Hotshot Trucking and Freight Companies
At Great Funds Factoring, we understand that there are many financial challenges that even the most successful businesses can go through and the stress that they can cause. We believe that good communication is key to developing a strong working relationship with our clients and will strive to be personally available to answer questions about receivable factoring.
During the discovery process, we aim to get a better understanding of your business needs, gain your trust, and determine if open account receivable factoring is a fit for you.
After you submit your credit application, Great Funds Factoring, LLC will review your credit application along with other documents required such as bank statements, master customer list, and financial statements.
Once the due diligence is completed Great Funds Factoring works on the approval process. Usually, the entire process both underwriting and approval takes one to two business days. When approved, we send you the proposal and all documents needed to set up your account in our portal.
As you send invoices to your customers, we verify them and advance your funds immediately to your account, while holding a small amount in reserve until your customers send payment
Different Trucking, Freight, and Delivery Businesses We Help
At Great Funds Factoring, we have experience providing invoice factoring services to a variety of different trucking, freight, and delivery businesses. Your company needs an increase in cash flow, but you also need financial support from a company that understands the nature of your business. Take a look at some of the kinds of companies we help below.
- For Hire Truckload Carriers
- Private Fleets
- Less Than Truckload Carriers
- Long-Haul/OTR Truckers
- Refrigerated Freight Haulers
- Ice Road Truckers
- Tanker Truckers
Let us help move your business forward
Great Funds Factoring LLC
Partner With Great Funds Factoring To Improve Cash Flow Fast
If you need an increase in cash flow and don’t want to utilize slower methods of financing, invoice factoring with Great Funds Factoring is your solution. We will help you get paid today instead of waiting 30 to 90 days for your customers to pay their total invoices.
Your time is better spent focusing on improving your business, so let Great Funds Factoring handle ensuring your customers pay on our time, not yours.
Fill out a credit application online today to learn more about how we can help your trucking or freight company.
You can also call us at 910-My-Money (910-696-6639) or use our online contact portal to answer any questions about how invoice factoring would benefit your trucking business.