Most truckers and small carrier businesses don't have the luxury of waiting for slow payments of 30-45 days or more. They need their money today to keep their business on track.
- Patty Sullivan.
Council Bluffs, IA (PRWEB) June 12, 2011
Patty Sullivan, Operations Officer for Global Financial Factoring (GFF), announces another successful first quarter in 2011. GFF is a freight bill factoring company that provides truckers with working capital and services to manage their credit and accounts receivable functions.
"Global Financial Factoring has provided critical working capital to an assortment of small and mid-size carriers this spring," according to Sullivan.
"The media boasts of a recovery in progress, but many businesses find it very difficult to secure short term financing in these troubled times. GFF provides a simple and affordable 'no interest' solution to cash flow problems truckers often experience."
Freight factoring allows truckers to be paid immediately for work they perform instead of waiting for the often slow process of getting paid by the shipper. The process is simple:
- Truckers open a factoring services account
- They submit invoices for approval to the service
- Once the shipper is approved as credit worthy by the factoring service, a discounted payment is issued to the carrier
- Should any problems arise with the collection of the payment from the shipper, that falls on the factoring service
"Most truckers and small carrier businesses don't have the luxury of waiting for slow payments of 30-45 days or more. They need their money today to keep their business on track," says Sullivan.
"The simple reality in the freight industry is: if the wheels aren't turning, you aren't making any money. With fuel prices creeping up daily, a positive cash flow is increasingly important for most truckers."
Global Financial Factoring offers a competitive alternative to a secure positive cash flow for freight haulers. Their freight factoring services offer:
- The most reliable and accurate credit system of any factor
- The lowest rates
- Creates no debt
- A personalized factoring program just for you
- Dedicated account manager
- No long term contracts
Learn more at http://www.globalfinancialfactoring.com or call to arrange an interview with Patty.
Global Financial Factoring
3119 S. 9th Street
Council Bluffs, IA 51501
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