From its inception, William wanted to take advantage of the flexibility and reliability of invoice factoring for his company Tourcom. William, a truck mechanic in his previous career, knew from the outset that he would need steady cash flow to keep his truck on the road. He was smart enough to plan for repairs and upgrades right out of the gate especially because he started with a used truck. Business grew much faster than anticipated and expensive repairs quickly became an issue. “As a new business owner, one of the first things you realize is the inherently unpredictable highs and lows in your cash flow,” explained William.
William was interested in factoring and had incorporated it into his business plan from the get go. Through factoring he was able to take care of the truck, getting it fixed rapidly. Furthermore, factoring invoices with eCapital gave William the ability to select only those customers that took longer to pay or the ones he just didn’t have time to deal with. “eCapital has been able to create a convenient way of processing my accounts receivable by paying me in a day and collecting from my customers in 30 days,” said William. “Getting paid sooner than later provides a better way for me to manage cash flow.
Because his cash flow is under control, William has the confidence to start his expansion plans to purchase a second truck. His dream of running his own business is really taking off.
Fast, flexible funding for your trucking business
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:
- Expand your fleet
- Hire more drivers
- Pay for fuel and operating expenses
It’s simple, fast, and free to get started. Why not get a free, no-obligation quote?
Contact eCapital today to start your own eCapital success story at 760.456.3786 or fill out our form.