Freight factoring- A Boon To Transportation And Logistics Companies

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Freight factoring- A Boon To Transportation And
Logistics Companies

• Transportation and logistics are good businesses
  to be in, but at the same time they are very cash
  intensive. Transportation and logistics companies
  have to deal with ever rising fuel prices, driver
  payments, repairs, tire purchases and other
  operational expenses. These expenses are a
  constant drain on the finances of these companies
  and are unavoidable. Most customers of trucking
  and logistic companies do not pay before 30 days
  of raising the freight bill.

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In fact, most of them pay after 30 to 60 days of
raising the freight bill. This is a challenge
faced by all the small and medium Transportation
and Logistics companies in North America. Unless
the trucking and logistics companies are cash
rich with deep pockets, they are likely to run
into financial problems sooner or later. Most
company owners try and obtain finance from their
bankers to tide over this cash flow problem.
However banks very rarely provide finance to
small Transportation and Logistics companies.
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Moreover a business loan is not the solution to
this problem. Fortunately, there exists a
solution available for such companies that they
can use to overcome this problem. This solution
is called freight bill factoring! Factoring can
provide logistics and Transportation and
Logistics companies with finance that helps them
meet their recurring expenses and help them grow.
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Obtaining a loan from the bank is difficult and a
cumbersome procedure. Freight bill factoring is
easy and a factoring line can be set up in a
matter of days. Factoring is making advance
available on slow paying freight bills. Factoring
enables the Transportation and Logistics
companies to meet their expenses while waiting
for their bills to be paid by their
customers. Factoring works in a very simple way.
When a trucking company delivers the goods to the
customer, it raises a freight bill. The factoring
company buys the freight bill and pays the
transporter 90 to 95 percent of the freight bill.
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Contact Us-

• ryan.turbill_at_cliquelogistics.com.au
• Phone No
• [phone]
• 0499 390 659
• http//cliquelogistics.com.au/