Why Transportation Companies In Houston, TX Use Invoice Factoring

Finance your freight and transportation business by turning unpaid invoices into cash. Houston, Texas is a major hub for the transportation industry. From oil and gas, manufacturing, and raw materials, to distribution lines for national and international shipments, the transportation industry in Houston is one of the cornerstones that drives our economy. 

With recent supply chain concerns, and the potential for growth in 2022, transportation companies are looking to improve cash flow and build capital reserves. Fortunately, there is a simple solution to accomplish both without taking on extra debt in the new year. Take a moment to learn more about our transportation factoring in Houston, TX.

 Accounts Receivable and Transportation Companies in Houston, Texas

One of the biggest obstacles keeping transportation companies in Houston from running optimally is revenue that is tied up in unpaid invoices. We have just started 2022, and transportation companies are still waiting on payments for shipments made from October of last year. Outstanding receivables are placing a major strain on cash flow for local transportation companies, making it more challenging to improve financial standing and achieve growth. 

The delay in payments creates gaps in revenue, placing transportation companies in the awkward situation of applying for loans and taking on debt which will further impact cash flow and revenue retention. If there was a way to overcome the lag caused by invoice payment schedules of 30 days (and longer), transportation companies in Houston, and surrounding areas would be in an optimal position for 2022 and every year moving forward. Find out more about the transportation financing services for the greater Houston area that we provide.

 Invoice Factoring for Transportation Companies in Houston, TX

To catch up on outstanding invoices and prevent cash flow strains, transportation companies in the Houston area are using factoring services from New Century Financial. Our transportation factoring services are tailored to the Houston marketplace. With credit facilities of up to $10 million  and no long-term contracts, transportation companies can convert all of their unpaid invoices to cash and access their funds within 24 hours. 

Due to our fast turnaround on invoices, transportation companies can accelerate cash flow and build up capital reserves for growth so they can keep a competitive edge in 2022. We also provide flexibility by letting transportation companies in Houston, Texas choose which invoices or parts of invoices get factored, so our clients stay in the driver’s seat.  Learn how invoice factoring can help your transportation business grow

If you own a transportation company in Houston, and want to get the biggest advantage possible, contact the team at New Century Financial to learn about our factoring services or even Apply Now to get the process started.