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title: "Your Cash Flow Newsletter: Tips, Updates and News for May 2022"
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| Cash Flow Factor \| May 2022 Newsletter View this email in your web browser |
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| Transportation Financing 101 Hi there, According to the American Trucking Association, nearly 70% of all freight tonnage in the United States is moved on trucks. Though transportation companies deliver goods for a variety of different industries, it can be a difficult business. Cash flow is dependent on the timeliness of your customers' invoice payments, regardless of how many of your bills are stacking up. If you own a transportation or freight business, your daily financial needs (new drivers, engine repairs, fuel, registration fees, etc.) may not be able to wait for your customer's invoice payments. This is where transportation factoring comes in as a way to level your cash flow without endangering your property. Our new guide tackles the basics of transportation factoring, including how it works, advantages and disadvantages of the different types, and what to look for when choosing a reliable factoring company to work with. Check out the Transportation Financing 101 guide here. As always, never hesitate to reach out to our team with any questions about factoring and how it can help your business. Our factoring experts are happy to help. Thank you, Daniel Eke Factor Funding Co. Did You Know? Commercial trucks made up 14.4% of all registered vehicles in the US in 2019. Source From the Blog 5 Reasons to Factor Your Freight Bills Factoring has helped trucking and transportation companies weather the ups and downs in cash flow and provided lines of credit without the credit checks associated with traditional bank loans. Read More → How Does Transportation Factoring Work? Factoring your invoices means you get paid almost immediately instead of waiting for your customer to pay in 30, 60, or 90 days. Factoring also relieves your business of back-office administration dedicated to collecting and processing invoices.  Read More → Industry Events IFA Events International Factoring Association In-person and virtual events View all 2022 events Read More → 22nd Receivables Finance International Convention In-person event London May 26-27 Read More → |
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