Author Archives: tbs_factoring

Building Credit as an Independent Trucker Through Factoring History

Independent truckers face a variety of financial challenges when trying to build or strengthen credit, including the fact that many lenders often view independent operators as a higher risk. Building credit is crucial for everyone, especially independent truckers looking to … Continue reading

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Why Freight Factoring Beats Business Loans for Independent Truckers

Independent trucking operators have to face financial realities that don’t exactly make business easy for them. One example is the 30 to 60-day payment wait, which can be hard on the business and set back its overall scalability. Freight factoring … Continue reading

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Factoring vs. Merchant Cash Advance: Which Is Safer for Trucking Businesses?

If you operate a trucking company, then you are familiar with the many challenges associated with its finances, such as delayed payments or inconsistent cash flow. With that said, there are options to solve these problems, such as a merchant … Continue reading

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How FMCSA’s New Hours of Service Requirements Could Impact Your Trucking Business

The FMCSA, or the Federal Motor Carrier Safety Administration, plays a huge role in regulating trucking operations. It helps to develop and reinforce regulations, educates the public, and promotes safety throughout the trucking industry. Specifically, when we look at hours … Continue reading

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How Freight Factoring Can Shield You from the Impacts of the De Minimis Change

De minimis is something that has been used and talked about throughout freight and trade for years now, but there is a change that’s coming which could affect all operations. De minimis is referred to as a threshold for shipments … Continue reading

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What You Need to Know About Factoring During a Payment Dispute

Freight Factoring is a great option for trucking companies that are looking for a better way to get their money fast, without the need to wait for invoices to be paid. Typically, it includes selling the invoice to the factoring … Continue reading

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Understanding Fuel Card Security Features: Protecting Your Business from Fraud

Fuel costs are one of the biggest expenses when it comes to fleet management, which makes it one of the first places that you might want to cut down on or manage spending. Many fleet lines do this by using … Continue reading

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Accounts Receivable Factoring vs. Invoice Financing: What’s the Difference?

As a fleet operator, you likely face a range of financial and cash flow challenges. Typically, there are two main options to help manage these issues: accounts receivable factoring or invoice financing. The big question is: which option is best … Continue reading

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Scaling From One Truck to a Five-Unit Fleet: Factoring Tactics at Each Stage

Growing your fleet is an amazing accomplishment, but it can be difficult to make the moves to actually grow your fleet from one truck to a five-unit fleet. There are many different challenges that can come when you look to … Continue reading

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Renewing Your DOT & MC Numbers Without the Paperwork Headache

Your DOT and MC numbers are crucial for legal and safety reasons when it comes to trucking. There is often confusion between the two of them and the renewal process that comes with it. Both of these are important and … Continue reading

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