How Factoring helps Transportation and Logistics Companies?
The transportation industry is extremely competitive and has ever-shrinking margins. Over the past few years, the industry’s payment terms have been stretched from 30 - 60 days. However, small to medium sized transportation firms must continue to pay for drivers, insurance, fuel, plates, repairs, etc. in a timely fashion. Baron Finance understands that in order for a transportation firm to be profitable and successful, it must continually grow and increase its volume. Adequate cash flow is crucially important in order to survive in this industry and Baron Finance is here to help. Our Transportation Factoring facilities are specifically curtailed to each of our client’s individual needs so as to maximize both cash flow and success potential.
Same-Day Funding Guarantee
Baron Finance understands that transport companies require immediate funds in order to remain competitive. That’s why we guarantee that any invoices submitted to our office by 4:00 pm will receive same day funding every single time!
We believe in honesty and transparency. Each of our factoring facilities comes with 24 hour access to our online user interface where clients can access copies of invoices, comprehensive funding breakdowns, payer credit information, and detailed reserve statements.
Unlike our competitors, Baron Finance believes that factoring should be as simple and problem free as possible. That’s why our factoring facilities have simple fee structures, are all open-term and contain absolutely no hidden fees whatsoever.