The United States economy is built on the foundation of the transportation industry. The transportation industry moves raw materials, finished goods, and so much more. Distributors rely on transportation for deliveries, and contractors within the transportation industry ensure supply chains do not experience disruptions.

Similarly, New Century Financial works to ensure cash flow for transportation companies does not experience any strains due to unpaid receivables. When transportation companies issue invoices with staggered payment schedules stretching from 30 to 90 days, gaps in revenue occur, which can threaten to slow down or even halt operations. Here are more reasons why the transportation industry needs factoring to get cashflow.

At New Century Financial, we provide fast and flexible fleet invoice factoring to the transportation industry to unlock revenue from unpaid invoices and boost cash flow to keep those wheels in motion through transport factoring.

Accelerating Cash Flow for the Fleet Transportation Factoring Companies

Every business in the country relies on the transportation industry to ship or deliver products and raw materials. At the same time, companies in the fleet trucking industry count on payments from customers and clients to cover overhead, the cost of fuel, maintenance expenses, and more. If invoices go unpaid for 30 days or longer, operations can slow to a crawl, which can cause more significant issues.

aerial view of trucking feets

Instead of taking on unnecessary debt, the transportation industry uses Accounts Receivable Factoring from New Century Financial. Our fleet factoring services allow transportation companies to turn their unpaid invoices into cash and access those funds within 24 hours. Accounts receivable factoring from New Century Financial features:

  • Streamlined approval process
  • Cash for invoices available within 24 hours
  • No term contracts
  • 24/7 support & reporting
  • Zero upper limits
  • No hidden or extra fees
  • Choose which invoices, or parts of invoices, get funded
  • Accessible off-balance sheet capital

The Benefits of Invoice Factoring

Cash flow and access to working capital are essential to the success of the transportation industry. At New Century Financial, we also know that transportation companies require fast and transparent fleet trucking factoring with extra flexibility, especially as the prices of inflation are affecting all industries. For these reasons, our factoring services for the transportation industry do not have any long-term contracts or hidden fees. Learn more about the transportation company’s gridlock and how you can overcome these problems.

fleet factoring discussion

Additionally, we put transportation companies and contractors in the driver’s seat by letting them choose which invoices or which parts of invoices get factored in. Invoice Factoring from New Century Financial offers transportation companies a number of benefits, including:

  • The ability to meet payroll and cover overhead
  • Smooth out uneven revenue cycles with cash on hand
  • Augment overhead
  • Expand routes, gain new customers, and reach new markets
  • Build up capital reserves
  • Keep supplemental cash on hand
  • Access off-balance-sheet working capital for new growth

Keep Your Transportation Company Rolling

Whether you need to rightsize cash flow issues, even out your bottom line, or simply get access to revenue from unpaid receivables, contact the team at New Century Financial. We are one of the best transportation factoring companies that you can rely on and we will work with you to understand your needs so we can create a factoring strategy that will keep you on the road to success.

Take five minutes to read our "Entrepreneur’s Guide to Factoring” for more information and call us at 800-805-8380 or Apply Now to get started.

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