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If your credit score is hurting your ability to secure the funding you need for your trucking company, there are other options to consider. Even with good credit you can run into trouble when applying for personal or small business loans. Luckily, there is a financing option that is not based on your credit score.
Invoice factoring is a service that gets your invoices paid in 24 hours — and once you sign up with eCapital, fast funding is just a few clicks away with the ease and simplicity of the eCapital Mobile App!
Here are 3 things that invoice factoring can do that traditional loans can’t:
Sometimes up-and-coming trucking businesses might not be able to keep up with expenses such as repairs, maintenance and fuel. Traditional loans can take months for approval, and chances of securing loans with bad credit are slim. Instead of wasting time jumping through hoops to secure a small business loan, get your immediate trucking expenses covered quickly through invoice factoring with eCapital. Factoring gets your in-voices paid in 24 hours so you can put that money to work right away!
Depending on the size of your trucking business, collections might be an area that can be bolstered with eCapital’s expertise. Invoice factoring can help with your accounts receivable and maximize the efficiency of your business. You’ll have money invested back into your trucking business faster, and you won’t have to deal with delinquent customers stalling the growth of your business. Running collections can be nearly impossible from the road, so let eCapital take care of collections so that you can focus on running your business.
Invoice factoring can actually improve your company’s credit rating. Factoring releases the cash that you have tied up in accounts receivable and gets you an infusion of cash quickly. With the cash flow you get from factoring, you can pay your bills on time or even ahead of time and improve your credit profile quickly.
Say hello to fast cash.
eCapital understands the cash flow demands you face and gets you the immediate funds you need for your transportation business. No matter if you have 1 truck or 100, we can get you quick cash you need to:
It’s simple, fast, and free to get started. Why not get a free, no-obligation quote?
Contact eCapital today to see how we can help!
Call 760.456.3786 or fill out the form.
All California loans made or arranged pursuant to a California Finance Lenders Law License, CA Finance Lenders License – 60DBO46224 Copyright © 2019 eCapital. All Rights Reserved. eCapital is registered Trademark. Registration Number: 5,098,285