Building Relationships with Banks: A Crucial Step for Your Trucking Business

In the fast-paced world of trucking, relationships can make or break your business. While relationships with customers and suppliers are often top of mind, one of the most critical partnerships that can influence your business’s success is often overlooked-your relationship with banks. Why Building Relationships with Banks Matters For many trucking businesses, financial challenges are […]
Factoring vs. Quick Pay: Which Is Best for Your Trucking Business?

What Is Factoring? Factoring, also known as freight factoring, involves selling your accounts receivable (invoices) to a factoring company at a discount. In return, the factoring company provides you with an immediate cash advance, typically ranging from 80% to 95% of the invoice value. Once the factoring company collects the full payment from your customer, […]