How Can Factoring Help My Trucking Company?
Many businesses operate on an invoice basis, where clients are invoiced for services rendered after the fact. This can create numerous cash flow problems that can leave companies strapped and struggling. Trucking companies are among the types of businesses that invoice clients and wait for payment while struggling to make ends meet. If you operate a trucking company, how can factoring with JOBE Services, Inc. help you?
Filling In the Gaps
Factoring allows you to get cash now for outstanding invoices. Many trucking companies allow for 30-day or even 60-day payments on outstanding invoices. This can create havoc when you need operating cash now. Trucking companies routinely operate with extensive overhead and margins can be very slim to keep everything paid on time.
Consider the ongoing expenses for:
- Fleet maintenance
How does your trucking company keep vehicles on the road, drivers on the move and goods being delivered on time when you are strapped for cash? Factoring provides cash for your outstanding invoices now, and then the factoring company collects the payment from your clients on the normal invoice schedule.
Choosing the Right Factoring Company
Factoring may have a questionable reputation because of some unscrupulous companies who have used it to damage small businesses. JOBE Services, Inc. is based in Humble, TX, and we offer non-recourse factoring with no hidden fees. Factoring with us is not a loan and your credit check is not needed. For a small fee, we provide the operating cash you need (that you have already earned) from your own business invoices, right now.
We then collect our money from your clients. There are no long-term contracts, no surprise fees or hidden charges and no gimmicks. You can use our factoring services once in a pinch, on occasion when needed or as a regular part of your accounts receivable. You decide, not us.
Do you struggle to keep the lights on and the trucks rolling in your trucking company? Why not call and speak to one of our team members about how factoring can keep your trucking company in the black – and even thriving?