Press Release: Freight Broker Factoring Program Launched
(For immediate release) Miami, Florida – Commercial Capital LLC recently announced the launch of their new freight broker factoring program. The program will help freight brokers with their cash flow by eliminating the 30 to 60 day waiting period associated with most freight bills (or invoices).
Waiting up to 60 days to get freight bills paid is a major headache for freight brokers. Many times, they will need to dip into their cash reserves (or personal savings) to meet business expenses, while they wait to get paid. Paying truckers, one of the brokers most important expenses, can become very hard if they have to wait 60 days to get paid. Freight bill factoring can easily fix this.
Freight bill factoring, a specialized form of invoice factoring, enables freight brokers to get paid for their invoices in as little as one day. It works by selling the invoices at a small discount to the freight factoring company, who pays for the freight bills in cash. The result is that the freight broker gets the necessary funds to run their business without having to wait 30 or 60 days to get paid.
“Transportation factoring is an ideal product for freight brokers,” said Marco Terry, president of Commercial Capital LLC. “It provides them with the cash to run their businesses, and more importantly, to pay their truckers”, he later added.
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