Got a question? Need some advice? Give us a ring. 800.705.1500eCapital.com

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Unlike traditional ABLs, factoring does not create debt because it is not a loan.

Trucking companies of all sizes are turning to factoring to gain access to

a steady cash flow for their business. Sometimes it can be difficult to stay

afloat when you’re dealing with daily business expenses and demands. Or

maybe your company’s business is steady but you’re still looking for a way

to increase cash flow for seasonal demand or fuel needs. Businesses of all

success levels can benefit from factoring services.

Traditional bank loans can take months to complete, and sometimes you

need cash NOW. This is where invoice factoring services can come in handy.

In fact, many businesses find factoring to be an effective financial solution.

Factoring delivers fast cash to allow you to get back on the road. In addition

to quick cash, factoring offers several other benefits.

8 reasons factoring may be right for your trucking business

1 No debt created. Unlike traditional ABLs (Asset Based Lending),

factoring does not create debt because it is not a loan. Since

a factoring company is purchasing your invoices and paying you

on those, it creates a more attractive balance sheet and

strengthens your financial circumstances.

2 Start-up businesses qualify. You have to jump through a lot of

large and difficult hoops to qualify for a bank loan as a start-up

in the trucking business. Some banks won’t even lend to start-

ups. Since factoring is based on invoices, start-ups can easily

qualify, allowing you to get to business quickly and easily.

3 Save money and time on invoice processing. Once you begin

factoring your invoices, your factoring company starts handling

most of the invoicing work, which saves your company money

and helps increase productivity.

Factoring (fak-ter-ing):The sale of a company’s accounts receivable invoices to a factor to obtain working capital; this is also known as receivables factoring, invoice factoring, bill factoring, accounts receivable factoring, accounts receivable funding and invoice discounting. It is an popular method of financing used worldwide to help all types and size of companies.

8 reasons factoring may be right for YOUR TRUCKING BUSINESS

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Got a question? Need some advice? Give us a ring. 800.705.1500eCapital.com

Who is eCapital anyway? We’re in the business of buying your accounts receivable to give you fast cash and financial freedom.

Connect with us and find out more.

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With a healthy cash flow you can:

• Negotiate and secure higher paying loads

• Manage unforeseen operational costs

• Expand your business

4 Factoring is flexible. When you factor, you control which

customers you want to factor, allowing you to secure operating

cash that is flexible and meets your business needs.

5 Industry knowledge and savings programs. Factoring companies

generally have specific industry knowledge and understand the

needs and challenges of your business. They can also provide

helpful services and programs that help you save money on

expenses, like fuel discount cards and loadboard subscriptions.

6 Quick, easy account setup. It generally takes a few days

and minimal paperwork to set up a factoring account. You’re not

going to have to wait weeks for an underwriting process to see

your money! Also, once your account is set up, you can get cash

in as little as 24 hours.

7 Professional collection services. Factoring companies understand

the importance of professionalism in business relationships. They

treat all your debtors as if they are your biggest and best

customers, ensuring your business relationship remains secure.

8 Improve your credit. With factoring, the increased working

capital provides you the means to pay your expenses and

suppliers on time, which positively affects your credit score.

Need more reasons to factor? Contact one of our friendly factoring

consultants at 800.705.1500 for a no-obligation chat!

8 reasons factoring may be right for YOUR TRUCKING BUSINESS