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 scale your business, such as financial challenges, which are one of the biggest setbacks that can push the scaling process back. Cash flow can be a huge asset when it comes to supporting this growth and being able to scale your trucking company easily, without these financial challenges. We’re going to talk more about how TBS Factoring can help support you while you scale your trucking business step-by-step. 

 

Starting as a Solo Operator 

Starting out with one truck comes with its own challenges like facing cash flow delays, which is super crucial for those who have only one truck. If you’re operating as a one-man show, then it’s crucial to keep your cash flow coming in as steady as possible. It’s important to keep in mind that you’ll have to keep up with fuel costs, insurance, and maintenance as an upfront cost. When looking at these challenges, we can help by giving you same-day funding, so you don’t have to wait on invoices, keeping your cash flow active and steady. We can also leverage fuel advances to keep your truck full, without having to deal with the upfront cost of that. On top of that, through TBS, you will get access to fuel discounts and expense management tools to help you stay on top of those regular expenses that you have as a solo operator. 

 

Scaling to a Two-Truck Fleet

Adding in your second truck is where you’ll start building your fleet and start making your way to five trucks. Scaling from one truck to two trucks means that the operational cost can rise, and you may also need to hire and manage another driver in order to have them operate your second truck. With an increase in trucks, there’s also a need for consistent loads to keep both drivers busy and continuing to operate on a daily basis. As you grow your fleet, regardless of the number of trucks, you will need TBS’s invoicing system to ensure timely payment and simplify the management of multiple cash flows. We also offer a load board partnership, which can keep both your drivers busy and with consistent loads, so you always have work to do. 

 

Three Truck Operation and Admin Needs

As you scale your business to three trucks, there is a need for more admin work to add on another driver, maintain invoices, and keep up with consistent loads. Paperwork, billing, scheduling, and route planning will all increase with an extra truck and driver. With this, there’s also an increased risk of late payments and uncollected invoices, making a factoring company even more important and crucial. Our client portal and mobile can help immensely when it comes to admin tasks like taking care of payments and trucks. 

 

Scaling Your Systems for Four Trucks

There is a need when it comes to scaling your systems when you finally reach four trucks in your fleet. There is a huge need for better infrastructure when it comes to dispatch tools and ELD integration. On top of this, there is a lot of pressure to keep the trucks moving profitably and consistently. Factoring capital can help with investing in ELD systems and other fleet management software. We can also help with back-end work and paperwork so that you can keep on top of your admin work without fail. 

 

Becoming a Small Fleet Business With Five Trucks 

Now that you’re up to five trucks in your fleet, you are officially a small fleet business, and you can now expect to grow your business even more at this point. With this increase in trucks and workers, there is an increased need for HR and compliance, which are important. On top of this, insurance complexity and higher premiums are to be expected in order to take care of all five of these trucks and drivers. Where does TBS come in? Well, you can rely on us to take care of contabilidad items like invoice payments, insurance payments, and truck maintenance. Not only this, but we offer other financial services like business loans or fuel card programs, which can help with managing expansion overall. 

 

Does TBS Fit in With Your Fleet Business?

Overall, there is a huge benefit to working with us from the start of your business, when you have just one truck, to when you have five trucks. We can scale with your business and offer benefits that fit right in line with what you need, based on where you are in business growth. It’s important to keep up with the benefits of TBS Factoring when you are scaling your business, because your business needs constantly change as you grow your fleet. 

 

Planning for Sustainable Growth With TBS Factoring

There is an important part of growing your fleet that’s often missed. Some only consider the fact that you’ll be adding in extra trucks, but with this comes hiring more drivers, higher insurance, payroll, systems, and software, and everything in between. Having a company that helps you keep up with all of these changes and growth within your business. It’s like having an assistant right at your fingertips that grows with your business. From simple invoicing payments to fuel cards to business loans, we’ve got you covered. Whether you are starting with one truck or you’ve scaled your business to five trucks, TBS Factoring can be a great way to assist in some of the main growth challenges that many fleet companies face when they are growing their business. 

If you’re looking for a factoring company that offers more than unjust invoice payments and is here to scale your business with you, we are here to help you in any way that we can. Póngase en contacto con nosotros en TBS Factoring to see if we are the right fit for you and how we can help you in scaling your business and being an asset to your company through and through.