Freight companies are always looking for new ways to improve cash flow and provide for their ongoing financial expenses. There are a lot of reasons why freight companies need good cash flow, but the biggest reason is to be able to take on new clients without worrying about escalating expenses. Commerce Commercial Credit is a freight factoring company that turns your increased business into more cash flow, which is exactly what you need to be able to take on new clients. Commerce Commercial Credit works quickly to approve client invoices in minutes and then deposit your cash directly into your company account, minus our lending fee, in 24 hours or less.
Why is it so important to understand the differences between freight factoring companies? Once you establish a financial relationship with a factoring company, you are locked in with that company for quite a while. Commerce Commercial Credit has years of experience in freight factoring and we have all of the tools you need to meet your financial needs. We help you to establish that strong financial foundation that will allow your company to grow. If you are stuck in neutral and unable to see a way to expand your operations, then you should take the time to explore the services offered by Commerce Commercial Credit.
Commerce Commercial Credit is a nationwide leader in freight factoring services for small to medium sized transportation companies. We have established our reputation as a premier financial organization by helping shipping companies to meet their financial obligations and free up their cash to start growth projects.
Commerce Commercial Credit has set up programs especially for freight companies that are designed to provide financial assistance in a variety of ways. We have flexible and low funding rates that will give you the money you need using your invoices. We also have a fuel discount program that will save you money on the fuel you use every day. We can get you advances on fuel needs by simply utilizing a bill of lading image to get you the cash you need to get on the road. Our business was built around industries such as trucking and we understand the challenges your company faces.
Commerce Commercial Credit is ready to listen to what you have to say. Our bill of lading factoring program will use your invoices as collateral and advance you cash based on the face values of those invoices. We use your clients’ credit scores to approve freight bills and not your company’s credit profile. This allows us to help freight companies with good credit, bad credit, or no credit at all. We can provide you with a business cash flow program even if your company has active tax liens, or you just came out of bankruptcy and are having a hard time getting the kind of funding you need to sustain operations.
Commerce Commercial Credit puts our variety of customized programs to work in your favor and creates a program that works specifically for your organization. The best freight factors are the ones that work in your environment. If our program cannot provide you with the vital funding required based on your approved invoices to creditworthy clients, then we have not done our job. Commerce Commercial Credit has developed a great reputation for being the very best at providing freight bill factoring for domestic and international shipping companies. We know how to use our experience and resources to your advantage and get you the stable financial foundation you need to succeed.
The one factor that often prevents small to medium sized transportation companies from taking on new clients is the immediate costs associated with taking on more loads. A reefer transportation company has a lot of additional expenses in keeping their trucks refrigerated at customer specifications. There are immediate fuel expenses, along with permits, tolls, repairs and other costs that have to be accounted for before a truck can even leave its depot. Every company looks to grow its revenue and find success in any way that it can. But there is also the harsh reality of balancing the costs of expenses versus trying to meet or exceed customer expectations on a regular basis.
For a trucking company, bank lending is simply not the way to go. A freight organization has many cash-related expenses that could be made much more expensive if interest and service charges were added to them. For example, fuel is an expense that a freight company must cover every single day. A trucking company owner cannot add interest and service charges to the costs of financing fuel because those extra debt expenses will put the freight company out of business. Fuel must be paid for in cash, along with tolls, permits and other immediate expenses. Adding more clients means increasing these immediate expenses and if a trucking company does not have a good financing system in place, then adding more clients is only seen as an unnecessary expense.
The most reliable way that a freight company can meet its daily financial challenges is with a strong cash flow. Freight bill factoring through Commerce Commercial Credit turns all of those outstanding freight bills into cash and provides the shipping company with the strong and reliable foundation that it needs. We can turn invoices into cash in 24 hours or less, which means that your company has the freedom and the confidence it needs to take on as many new clients as it wants. You will have the necessary cash flow to keep the rigs fueled up and take care of all of the permits and tolls your company will come across in the pursuit of new business.
Commerce Commercial Credit works directly with your invoiced sales, which means that your business line of credit will mirror your sales efforts. As you take on new clients and issue more outstanding invoices, your credit line will increase as well. Instead of wondering how you are going to cover the costs of taking on those new clients, you can just take on the shipments and expand your revenue base. When you have the power of freight bill financing with Commerce Commercial Credit on your side, you have all of the financial stability you need to pursue your corporate growth projects.
Growing a freight shipping company is a delicate balancing act that has to take a lot of immediate expenses into account. Commerce Commercial Credit’s freight bill factoring process was created with the shipping industry in mind. We can approve your account application the same day we get it and we can start advancing you funds almost immediately. Instead of wondering how your shipping company will handle success when it comes your way, you need to establish a relationship with Commerce Commercial Credit right now and have all of your financial pieces in place to accommodate growth and reach your corporate goals.