eCapital CTO talks with PYMNTS.com about the future of factoring in “eCapital: Modernizing The Factoring Tradition For A New Generation of Fleet”. As the company rolls out their new Mobile App, carriers can now expect to get paid quickly and keep control of our cash flow, all while on the go.
“Of the hundreds of thousands of freight carriers in the U.S. today, the vast majority are small fleets with only a handful of trucks. These companies have minimal credit histories in an industry notorious for tight cash flows, and that struggle to access traditional bank loans has emerged as a big opportunity for the invoice financing industry.
The appeal of factoring services for small carriers often stems from invoice payment delays in an environment where getting paid is essential to booking…”