Trucking companies are an integral part of our economy, transporting goods and raw materials across the country. However, the trucking industry is not without its challenges, and financial struggles are one of the most common issues faced by trucking companies. JOBE Services, Inc. provides factoring solutions to help Texas trucking companies weather the most common financial challenges in this economy.

What Financial Challenges Does Your Trucking Company Face?

What are the most common financial woes for trucking companies? What expenses do they face almost every day?

Fuel Costs

Fuel costs are a significant expense for trucking companies. The price of fuel is volatile and can fluctuate greatly in a short period. Fuel prices depend on global events, which are often out of a trucking company’s control.

Maintenance Costs

Trucks require regular maintenance to keep them in good condition and prevent breakdowns. Maintenance costs can be high, and unexpected repairs can be a significant financial burden for trucking companies.

Insurance Costs

Insurance is a significant expense for trucking companies. Rates depend on many factors, including the company’s safety record, the type of cargo being transported and the driver’s experience.

Emergencies

Emergency needs always occur at the worst possible times. How do you pay for tow bills, out-of-town repairs, or other sudden needs while waiting for invoices to be paid?

Taxes

Tax payment deadlines are far more regular than client paydays. How do you make on-time tax payments while still keeping your other expenses paid and the trucks rolling?

Payroll

Your drivers, mechanics and other team members depend on their paychecks for survival. You can’t tell them to wait until invoices are paid before they get paid.

Keep the Cash Flowing

Cash flow is a common issue for small and mid-sized trucking companies. Problems can occur when customers pay invoices late or when there are gaps in the payment cycle. This makes it tough to meet routine or emergency costs. When you run a trucking company, you need money to keep things running smoothly.

Consider factoring to address cash flow issues. JOBE Services, Inc. in Humble, Texas, buys your outstanding invoices at a discounted rate to deliver the cash you need now. Factoring can provide immediate cash flow to trucking companies, helping them cover their expenses and invest in growth. We’ve been around for over 25 years and specialize in factoring for small and medium-sized businesses.

You might have unexpected expenses, like a major repair, that you can’t afford to pay right away. Factoring allows you to get money quickly so you can take care of these expenses and keep your business moving forward. JOBE Services Inc. makes it easy to get paid for the work you’ve already done. We can even send you money on the same day you request it!

You can use our service whenever you need a cash infusion, whether it’s once in a while or on an ongoing basis. JOBE Services Inc. doesn’t charge upfront fees or have minimum requirements, and you’re not locked into a long-term contract. We believe in earning your business, not forcing you to use our services and causing your business more financial woes.

Contact JOBE Services, Inc. today to learn more about how non-recourse factoring can solve your trucking company’s financial woes.