It may be the hottest days of the summer, but there are many companies who are already receiving the Christmas merchandise that they will need to make sure that they are ready for the busiest shopping seasons of the year. When these companies have to make their purchases so many months in advance, however, they often find themselves stretching their budgets to pay for items that will not be sold for nearly a half of a year. These businesses, of course, rely on the sales of current summer items to help pay for this money that they owe on the Christmas merchandise.
And while many of us may be aware of the advanced ordering that retail stores need to do, we may not know that there are trucking companies across the country that are also paying expenses like drivers’ salaries, weeks, sometimes months, be fore they will receive the money that is owed to them by their own customers. In these cases, freight factoring services offer a solution. In fact, the latest research indicates that Fa
The United States is home to an enormous manufacturing complex, producing goods as varied as furniture, cars, books, computer parts, and kids’ toys. But it’s not enough to merely produce those finished goods, or foodstuffs from farms. The United States is also home to a robust transportation network for delivering freight, and many carrier companies (most of them small) deliver these goods for their shipper customers. This is a big business and employs many Americans, and some 12 million trucks, planes, freight cars, and ships are available to transport all of these goods all year round. Carriers can do a lot of work, but sometimes, they need assistance with their cash flow while waiting for an invoice payment from their shipper customers. This is where freight factoring services such as Advance Business Capital and its peers come in. They provide freight capital factoring, an essential money lending service for many small carrier companies. How might invoice advance loaning work?