Are you tired of waiting around for your customers to pay their invoices? As a trucking company owner, you know that cash flow is the lifeblood of your business. Without it, you grind to a halt. But what if there was an easy way to keep the cash flowing even when invoices are unpaid? With factoring solutions from HMD Financial, you can kiss those cash flow worries goodbye.
Their tailored services provide you with a steady stream of working capital so you can focus on what really matters – keeping your trucks on the road. No more waiting 30, 60 or even 90 days for big name companies to cut you a check.
Freight Factoring: A Solution for Cash Flow Challenges
As a trucking company owner, you know how frustrating cash flow challenges can be. Waiting 30, 60 or even 90 days to get paid for a delivery can put a serious strain on your business. Factoring, also known as freight factoring, provides a solution.
Factoring works by selling your unpaid invoices to a third-party factoring company like HMD Financial. They advance you a percentage of the invoice amount upfront, often within 24 hours. Then, when your customer pays the invoice, our company forwards the remaining balance to you, minus a small fee.
This steady stream of working capital means you’ll have the cash on hand to pay drivers, fuel your trucks, and keep your business moving. No more putting off important expenses or scrambling to find funds. With factoring, you get paid promptly for every delivery.
Factoring also reduces the risk of nonpayment. Once factoring company purchases your invoices, they assume responsibility for collecting payment from your customers. If a customer defaults, they take the loss—not you.
Between the upfront payments, reduced risk, and peace of mind, factoring provides an ideal solution for overcoming cash flow hurdles. We offer tailored factoring programs to meet the needs of trucking companies large and small. Our friendly experts will evaluate your business and invoices to determine how much we can advance you. We make the process fast, easy, and flexible.
Why Choose HMD Financial for Freight Factoring Services
Cash flow is the lifeblood of any business, especially in trucking. Without steady cash flow, you can’t pay drivers, cover fuel costs, or keep your trucks maintained. That’s where factoring comes in. Factoring, also known as freight bill factoring, allows you to get paid quickly for the loads you haul instead of waiting 30-90 days for customers to pay invoices.
Why Choose HMD Financial for Factoring Services
This company offers tailored factoring solutions for trucking companies of all sizes. We provide an easy way to overcome cash flow challenges so you can focus on what really matters – keeping your trucks moving. Our freight factoring services include:
•Instant access to working capital. Get paid in 24 hours for the invoices you factor. No more waiting around for your customers to pay on their terms.
•Flexible options. Choose between recourse and non-recourse factoring. We have options for startups and established businesses.
•Low fees. Our factoring rates are very competitive. We don’t charge hidden fees and we’re upfront about all costs.
•Dedicated support. You get your own account representative to handle the factoring process. We make it simple to get set up and provide support anytime you need it.
•Improved cash flow. Factoring with HMD Financial means turning your invoices into cash fast. Your cash flow will improve immediately and remain steady thanks to quick payment on every invoice.
•No long-term contract required. We don’t lock you into long-term commitments. You can choose between a month-to-month or 1-year contract. Cancel any time after the initial term without penalty.
The Benefits of Factoring With a Leading Freight Factoring Company
Steady Cash Flow
Say goodbye to the uncertainty of waiting 30, 60 or even 90 days for customers to pay their invoices. With factoring, you’ll receive a large portion of the invoice amount upfront, typically within 24 hours of invoicing. This provides you with a steady stream of working capital to pay drivers, fuel up trucks and handle other expenses to keep your business moving.
Grow Your Business
Rather than being limited by how much cash you have on hand, factoring gives you the funding to take on new customers and bigger jobs. You’ll have the capital to purchase additional trucks and hire more drivers to expand your fleet. Factoring also allows you to offer customers more competitive pricing and flexible payment terms to win their business.
We handle the collections process for you, following up with your customers to get invoices paid on time. No more making countless phone calls or sending payment reminders. We have a dedicated team to contact your customers and ensure payments are received promptly. Our factoring experts are also skilled at resolving any disputes to limit impact on your cash flow.
Improved Credit Lines
By factoring your invoices, you’ll establish a solid payment history with HMD Financial. Over time, as we continue to purchase your invoices, you can qualify for larger credit lines and funding amounts. You may even be able to access additional business financing and services. Establishing a long-term relationship with us lead to greater financial stability and growth opportunities for your trucking company.
Say goodbye to cash flow headaches and experience the freedom of steady working capital with our factoring solutions tailored for the trucking industry. We provide the funding and expertise to overcome any hurdle, so you can keep your business in high gear.
So there you have it. Don’t let cash flow problems drag you down and put the brakes on your trucking business. HMD Financial has your back with personalized factoring solutions tailored to your needs. Their factoring services turn your accounts receivables into instant cash flow, so you’re never stuck waiting around for payments to come through. With a steady stream of working capital, you can focus on the road ahead instead of staring at the rearview mirror worrying about past due invoices. Experience the open road of financial freedom and accelerate your trucking business into high gear.