A trucking company is like a roller coaster. There are ups, and there are downs. The wheels are always turning and you have to chase invoices. Sometimes it can seem like you’re in an endless storm. Truck factoring can help make your trip more comfortable. Visit Orlando truck factoring before reading this.

Imagine you just shipped a shipment across state borders, and you are waiting for payment 30, 60, 90 or more days. This is like waiting for paint to dry as your bills mount up. The truck factoring industry has changed the game for Orlando’s trucking businesses.

How does truck factoring work? This is quite simple. A factoring firm will buy your invoices at a reduced price. The cash is usually available within 24 hours. This is like getting a paycheck advance, but without the need to ask your boss.

Joe is an Orlando owner-operator who drowned in unpaid invoices. Because he could not afford to pay upfront for maintenance or fuel, his trucks sat idle. Joe resorted to truck financing and had all the cash he needed in order to keep both his trucks and business on the road.

What is the turkey? You should first find a reliable factoring company who knows how the trucking business works. Don’t hire anyone who believes an axle can be used in a math equation! You can submit invoices once you find them. Your clients will be checked out for creditworthiness, and not you.

When you approve the invoice, they will advance most of it to you – usually between 80-90%. Once your customer pays you (better later than never), they will refund the remainder of their invoice minus a fee. Simple as pie!

Wait! But not all factoring firms are the same. Others may charge you hidden fees, or lock your into contracts that are as tight-knit as Fort Knox. You should always read all the small print, as nothing is worse than discovering that you have no more coffee in your pot.

The truck factoring service is not only about getting quick cash, but also saving you time and money by taking care of the collections. Imagine not dealing with those clients who avoid your calls as well as Neo does in The Matrix! You don’t have to spend hours trying to track down payments and rabbit holes. Instead, let professionals take care of it so that you can concentrate on the most important thing: expanding your business.

What if I told you that “time equals money?” You’ll be surprised to learn that truck factoring will give you back time and money! Improved cash flow through instant advances, plus outsourcing collections will free up precious hours. You can have more time and money!

Wait, there’s more. There are other factors that can offer you additional benefits, such as fuel cards at truck stops across the country with discounts. These are a blessing when diesel prices rise faster than fireworks during July 4th!

By now, you must be thinking: “this is too good.” Every rose has a thorn. And so does truck financing.

So whether small fleet owner struggling meet ends meet–or seasoned veteran looking streamline operations–invoicing woes behind once embrace power-truck-factoring-Orlando-style-baby!