Accounts Receivable Financing In The Transport Industry

Download Now Date Added: Jan 2010
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Anyone running a transport business has realized the pain of arranging for ready cash to take care of routine expenses such as fuel, drivers' wages, etc. On the one hand the transporter would have to extend credit terms ranging from 30 to 90 days to clients while on the other having to pay for all expenses in cash. This puts a lot of pressure on cash flow and could soon lead to a financial drought if the transporter is too over-stretched.