Date Added: Jan 2010
If you are in the trucking industry then you must be aware of how difficult it is to manage various expenses without enough cash in your hands. The payments that you are supposed to receive from your clients, government or non-government, usually come after a period of 30 to 90 days. In the meantime, you have to pay salaries to your drivers and other employees, pay rentals, repairs and maintenance of trucks. You might also have good proposals of bulk purchases with discounts but not enough cash to pay for them. In this scenario, a freight bill factoring company can come to your rescue. The freight bill factoring company purchases your bills and pays you cash in return.