All trucking companies that transport electronics need a steady cash flow to deal with the demands of their daily business. Yet, cash flow can sometimes get a little sluggish due to the extended payment terms common in the freight industry. Little Mountain’s electronics freight factoring is a simple and effective way to overcome these cash flow challenges.
How Technology and Electronics Freight Factoring Works
Your electronics freight company likely has many invoices due for payment on 30, 60, 90, or even 120-day terms. The problem is that these long waiting periods can make your cash flow fluctuate. During these times, you may experience considerable stress trying to manage your expenses. There is no need for this stress. You are sitting on a plentiful supply of cash in the form of your accounts receivable. With technology freight factoring, you can release that cash immediately. Send us your invoices, and we will advance up to 97 percent of their value to you on the same day. You can then focus on your core business while we collect from your customers. Once we receive payment, we will deduct our fee and send the balance to you.
How Technology and Electronics Freight Factoring Works
Your electronics freight company likely has many invoices due for payment on 30, 60, 90, or even 120-day terms. The problem is that these long waiting periods can make your cash flow fluctuate. During these times, you may experience considerable stress trying to manage your expenses. There is no need for this stress. You are sitting on a plentiful supply of cash in the form of your accounts receivable. With technology freight factoring, you can release that cash immediately. Send us your invoice paperwork, and we will advance up to 97 percent of the invoice value to you on the same day. You can then focus on your core business while we collect from your customers. Once we receive payment, we will deduct our fee and send the balance to you.
Optimizing Cash Flow with Technology Freight Factoring
Optimizing Cash Flow with Technology Freight Factoring
The beauty of electronics transport factoring services is that they enable you to regulate and optimize your cash flow rather than always being at the mercy of your extended payment terms. At the same time, your customers can still benefit from those payment terms, ensuring that your relationship with them remains on good footing. With your cash flow maximized, you can run your everyday operations without any worries. You can even start investing in those upgrades you have been thinking about. It may be time to add that new truck to your fleet or upgrade your current vehicles. You can manage that because you have taken the steps to enhance and optimize your cash flow.
Apply for Electronics Freight Factoring
If you want to take advantage of factoring for electronics shipping, the application process could not be easier. Just complete the online form and we will get back to you. If you need to know more about the process or what invoices you can factor, feel free to give us a call or send us an email.
Frequently Asked Questions About Technology Factoring
Contact Us for Your Technology Factoring Needs
Contact us if you want to know more about electronics freight factoring, or fill out our online application form if you want to get the process started.
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.
