As the world is constantly threatened by merciless economic strikes, many companies succumb to those threats and feel like closing the door is unfortunately the only solution. No matter how hard to avoid running into cash flow issues seems to be, there is always another solution rather than giving up that will help you manage your cash more efficiently and more wisely. In case you are a fleet manager who's looking for that other solution to speed up the process of cashing invoices and finally start working with customers with high creditworthiness, your solution is hiring a factoring services provider.
Reliable Truck Fleet Inc. offers factoring services to all businesses involved in the trucking industry. You no longer have to wait between 30-60 days to get paid for freight loads you've already completed. The main advantage of factoring services is that we can provide you with immediate cash advance. We will buy your invoices within 24 hours and so provide a perfect solution to short-term cash flow issues. Once we pay you, you no longer have obligations with your broker – we will deal with everything else too. In other words, we put an end to all those mundane chores such as paperwork and let you use your time and talent where needed most.
Reliable, quick and flexible, getting paid for your loads has never been so enjoyable – that's what many of our loyal customers say. Not only do we make sure you get your payments in only 24 hours and take care of all the other responsibilities with the broker for you, but we also charge you an incredibly small fee of the total value of your payments. Although our fee depends on several factors, in most cases, we will give you over 95% of the total value. Compared to hiring an accountant, hiring factoring services is much faster and much more cost-efficient for your business.
The way our factoring services work is straightforward. First, you submit an application and we usually need 3 to 5 days to approve or disapprove. While our main goal is to help you grow your business, we still need to check your presence on the market, supporting documentation, as well as your application before we make a decision. Once we have a deal, we will take care of your invoices within a day. If you've had your share of deals with non-creditworthy brokers, we can help you with that too. Reliable Truck Fleet Inc. can offer you a search database of only creditworthy brokers with which we've already had successful collaborations.
You can handle all the invoices yourself and get the brokers to pay you for up to 60 days, however you need to cover immediate costs such as fuel, payroll and maintenance costs. You know best how these immediate costs could impact your cash flow and slow down your business. Here at Reliable Truck Fleet Inc. we make sure you will have the money to keep your business running in exchange for a small percent advance of the total amount of your payments.
Since cash flow is the crucial factor of deciding how many freight loads you can handle in a month, our factoring services will allow you to take on as much loads as you want. Getting paid within a day means having enough funds for all your immediate costs, which means more loads, which means more profit! It's really that simple.
If you've heard about that misconception that factoring services providers include all sorts of hidden fees in the agreements, let us assure you that it's only a myth. Our agreement is as straightforward as it gets. If there is a fee you didn't anticipate or you're simply not comfortable with, we will discuss it and let you sign an agreement you are utterly satisfied with. We will never start building a long-lasting and trusting relationship with a customer on lie!
By hiring our factoring services, you're actually implementing a strategy for increasing your profit and expanding your business. If you have a clear vision for the future of your company, let us help you turn your vision into reality. During times when getting outside funding is really hard to acquire, Reliable Truck Fleet Inc. can see the potential of your company and invest in it.