Factoring Basics Archives

Top 10 Commonly Missed Tax Deductions

Are you unsure of the deductions available to you as a trucking business owner? Don’t worry, we’re here to help! We’ve teamed up with Jim O’Donnell, owner and CEO of … Continue reading

01.14.19
Factoring Basics

Freight Factoring Solutions – Improving Cash Flow for Driver Incentives and Retention

The American Trucking Association just released some interesting data on the trucking industry that points to some positive performance and economic trends. Here are some highlights from their release: In 2014, trucks …

01.11.19
Factoring Basics

4 Freight Invoice Factoring Questions Answered

We factor a lot of freight invoices for transportation companies and truckers and therefore get a lot of good questions thrown our way. Here are four of the most common … Continue reading

01.07.19
Factoring Basics

6 Reasons Successful Trucking Companies use Invoice Factoring

When you start a transportation company, strong cash flow is just as critical to your business success as your trusty semi truck. As you may know, truck factoring or freight …

09.08.17
Factoring Basics

8 Free Apps for Truckers

While on the road, apps can help get you where you need to be, save time, money, and make you skinnier… okay, maybe not skinnier! 1. Gas Buddy With fuel … Continue reading “8 Free…

Top Ways to Finance Trucking Business Growth

Many trucking companies experience growth and the need for additional financing simultaneously. Demand can be good and yet, with high start-up and operational costs, creative solutions to fund growth may …

02.06.17
Factoring Basics

Top 3 Tips to Generate More Cash Flow in Your Trucking Business

Are you planning on investing in new equipment or expanding your fleet this year? If so, there are more tools than ever that are available to business owners who want … Continue…

Top 11 Ways to Reduce Trucking Insurance Premiums

Looking to get the most out of your trucking insurance policy? Driver experience, age and upkeep of vehicles, and the time your operation has been in business are key factors insurance …

6 Ways to Find More Loads for your Trucking Business

For any small business owner, time is money. For a trucking company, miles are money too. Whether you’re an owner-operator or a fleet owner, you need to keep rolling for … Continue…

How to Find a Great Online Load Matching Service

If you’re a truck owner-operator, finding loads is one of your main priorities. It’s imperative to increase your loaded miles in order to maximize your profits and mileage. A great …

03.06.15
Factoring Basics

Three Common Invoice Factoring Questions Answered

Invoice factoring may be a relatively new concept to some, but it’s actually been around for centuries as a financial practice. It’s used quite frequently in the transportation and trucking industry, and often …

10.29.14
Factoring Basics

3 Reasons Your Customers Will Like Invoice Factoring

Companies of all sizes use invoice factoring (AKA accounts receivable financing) to get the capital they need to grow their businesses. Not only has invoice factoring been around for a while, …

12.16.13
Factoring Basics

Top 5 Tips to Consider when Choosing a Freight Factoring Company

Do you know how factoring your invoices can help your business with cash flow? Simply put, factoring is a process where a company purchases your invoices then pays you a percentage of …

12.12.13
Factoring Basics

The History of Factoring

Since Mesopotamian times, savvy merchants were trying to find ways to acquire the funds they needed to continue producing their goods. Fast forward about 2400+ years, and their idea is … Continue reading

12.09.13
Factoring Basics

Common Freight Factoring Terms Defined

If you’re new to factoring, you might come across terms that you’re not familiar with. It’s important that your factoring company explains how factoring works and what each term means. …

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