Freight Broker Factoring Program Launched
(For immediate release) Miami, Florida – Freight brokers now have a new way of financing their businesses. Invoice Factoring Group announced the launch of its new freight broker factoring program. The freight factoring program provides brokers with quick-pays, eliminating the usual 30 to 60 days it takes to get paid on a freight bill.
“Freight brokers can have a challenging time meeting business expenses, such as paying their truckers,” said Marco Terry, president of Invoice Factoring Group. “The freight broker factoring program enables them to get invoices paid in as little as one day, and to pay their truckers quickly,” he later added.
Although many factoring companies offer traditional transportation factoring to trucking companies, Commercial Capital is one of the few that also extends the service to freight brokers.
There are only two main requirements to qualify for the program. First, the freight broker must have a good track record and second, the clients must be commercially credit worthy. One major advantage of invoice factoring is that it is easier to obtain than a conventional business loan. And quicker to get too, services can usually be set up in a few days.