Textile freight factoring is an accounts receivable financing solution specially designed for companies that deal mainly in the transport of fabrics and apparel. Long payment terms on invoices can often cause cash flow problems for your business. By factoring those invoices, you can get an instant cash injection. You can keep running your business worry-free, even if client payments are slow.
How Textiles and Apparel Freight Factoring Works
Running a textile freighting business often means running into cash flow problems. Thankfully, there is no need to allow these liquidity issues to persist. Our textile transportation factoring services will give you the help you need to overcome them. All you have to do is fill out our online application form. Once approved, you can receive up to 97 percent of the value of your outstanding invoices on the very same day you submit your invoices. We then follow up with your clients to ensure payment. Once they settle the invoices, we will deduct our fee and then pay you the remaining balance.
The process is quick and easy, and puts cash into your account instantly. It is not a loan, so your credit history is not a factor. Instead, we will investigate your customers’ payment history to determine the level of risk involved.
How Textiles and Apparel Freight Factoring Works
Running a textile freighting business often means running into cash flow problems. Thankfully, there is no need to allow these liquidity issues to persist. Our textile transportation factoring services will give you the help you need to overcome them. All you have to do is fill out our online application form. Once approved, you can receive up to 97 percent of the value of your outstanding invoices on the very same day you submit your invoice paperwork. We then follow up with your clients to ensure payment. Once they settle the invoices, we will deduct our fee and then pay you the remaining balance. The process is quick and easy, and puts cash into your account instantly. It is not a loan, so your credit history is not a factor. Instead, we will investigate your customers’ payment history to determine the level of risk involved.
Optimizing Cash Flow with Textile Factoring
Optimizing Cash Flow with Textile Factoring
Factoring for textile haulers enables you to shortcut your usual payment terms. Instead of waiting for 30 to 120 days for customers to pay, you can get an advance on your invoices and boost your cash flow immediately. That optimized cash flow can help you cover your everyday expenses and even invest in your business’s growth.
Unlike a bank loan, apparel freight factoring does not add any debts to your balance sheet. You can enhance your cash flow simply by receiving an advance on the money that is already owed to you.
Apply for Textile Freight Factoring
The application for textile freight factoring is fast and easy. Just fill out our online application form and we will get back to you shortly. Once approved, you can receive payment for your invoices on the same day you send your paperwork to us as long as it’s received before 3 PM.
Frequently Asked Questions About Textile Factoring
Allow Us the Honor of Serving You
We know the transportation industry and have years of experience to back that knowledge, and that’s why we know that as a trucking company or an independent owner-operator, you are the backbone of our country’s supply chain infrastructure, we will always value you as you should be valued. Allow us the honor of serving you, we’re here to help.
