So you are a trucker from Nashville truck factoring company. You are moving loads all over the country to keep America moving. It can be very frustrating to wait 30, 60 or 90 days before getting paid. This is where truck factoring firms come in. You get paid immediately for your invoices. You might think that’s simple enough. Sort of.

The goal of truck factoring is not to get quick cash, but rather to find the right partner who can help keep your business moving smoothly. It’s important to find someone who will be there for you when you need it most.

Imagine you have just returned from a long journey between Nashville and Los Angeles. It was a long trip, but now you have bills to pay as well as fuel to buy. It’s not an option to wait for payment. The factoring company will purchase your invoices at a discount, and then give you the funds immediately.

Factoring companies are not all the same. Some factoring companies nickel-and dime their clients with hidden fees, or lock them into contracts that are more like prison terms than business agreements.

Transparency should be the first priority. Find a firm that is upfront about all fees and charges. There should be no nasty surprises or hidden costs. Ask questions such as, What’s the rate of advance? Do you have any extra charges? Which invoices do I have to factor?

Consider the customer service. Imagine trying to get support and being on hold for an eternity or having to talk to someone who didn’t know the difference between axle grease and elbow grease. Not good! The staff at a good factoring firm should be able to assist you whenever needed.

We’ll talk about flexibility now, since life on the road can be unpredictable. Your factoring company should be flexible enough to meet your needs, whether you’re a truck owner or a fleet operator.

There is no one-size-fits all solution in the trucking industry. What may work for a driver, might not be right for another. Consider options that are tailored to trucking businesses.

I used to know a guy called Joe who owned his own trucking company in Nashville. He thought that a major factoring firm would look after him, but he was wrong. There were so many restrictions, he felt like driving with one arm tied behind his rear!

Joe finally switched to a smaller, local firm who understood his requirements better — and guess what happened? His business thrived. Sometime bigger is not better. You need to find someone who can understand your perspective.

Even our coffee machines are now digital! Modern factoring firms should offer online portals so that you can easily submit invoices, without the need to pile up paperwork in your cab.

You should also consider your reputation, as word spreads fast between truckers. It’s a good sign if you see other truckers praising a certain company (in favourable ways).

Finally, and this might seem trivial, it matters. How do they handle YOU as a client? Do they only see dollar signs or do they care about your business?

Choose wisely, because you’re trusting them with your hard-earned dollars!

Finally (oops!) It is not rocket science, but you must do your due diligence to find the best truck factoring company. These tips will come in handy the next time you shop around. You’ll thank yourself!

Enjoy your trip knowing that you’ll have one less burden on your shoulders.