Freight Invoice Discounting/Factoring For Trucking & Transport Companies (And For All Other Industries As Well)
Truck factoring finance is now available with our company throughout South Africa. With freight or truck invoice discounting or factoring you can free up cash and pay drivers, insurance, fuel, and other expenses. Truck Invoice discounting factoring is simply a sale of invoices at a discounted price, without incurring debt or having to make loan payments. If you are a transport company seeking cash flow we can help you with competitive flexible solutions. We will buy your invoices at a discounted price. We offer fast cashflow solutions and services. With-in 24 hours the funds can be in your account. Give us a try and see.
Cash for growth, expansion and daily expenses are at your finger tips and the best thing about it, is that it's not a loan and you are debt free. Freight Factor all or only some of your invoices. Never turn down another truck load because you can't pay fuel, maintenance, insurance or driver costs. Transportation factoring makes growth and cashflow possible.
To obtain cash flow and factor your invoices for freight please fill-out the form below on this page to apply for truck factoring finance. A professional broker consultant will contact you to discuss your options and provide you with the best rates in SA for your freight invoicing factors. Utilise our services and get most out of your invoice/bill factoring.
Truck News : Truck insurance online quote. Our company offers optimal coverage and cost effective premiums. It never hurts to receive multiple truck insurance quotes from our specialised insurance providers. We negotiate the best truck insurance policies for all of our clients. To receive a truck insurance online quote in South Africa, please visit our truck insurance page.
Truck finance is a lot easier due to flexible finance options for owner/operators who may not meet stringent prime lender criteria. Owning and operating trucks or other heavy duty commercial vehicles can be an expensive exercise. Increasing costs for diesel fuel alone can force some truck operators out of business. read more on Truck Finance
Commercial Truck Insurance South Africa Commercial truck insurance is essential insurance coverage for a large businesses or an owner-operator small businesses.
Primarily the focus is towards larger companies that have multiple vehicles where truck insurance can become a costly affair.
We provide truck insurance at optimal cover and low premiums or rates.
Truck Drivers : Are threatening to go on strike next week after several months of failed salary negotiations attempts with employers, the main transport workers' union said Sunday. The South African Transport and Allied Workers' Union (Satawu) has given notice of plans to strike.
What is Factoring or Invoice Discounting Definition
Firstly this type of finance is described under so many names and is also known as: invoice discounting, invoice finance, debt factoring, invoice discounting finance, selected invoice factoring, invoice financing, accounts receivable bridging, bridging finance. This type of finance is PRIMARILY asset finance and the assets here are your invoices.
Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable like invoices or bills to a third party (called the factor) at a discount. A business will sometimes factor its receivable assets to meet its present and immediate cash flow needs. Invoice finance means you get cash upfront against your unpaid sales invoices.
Your outstanding sales invoices or bills could well be your company's biggest asset with up to one quarter of your business's overall yearly turnover remaining unpaid at anyone time. This locked up invoice cash can adversely impact your cashflow and limit the potential growth and expansion of your business.
We often have owner/operator logistics companies wanting to expand their fleet, yet they do not have a deposit for truck financing. Truck factoring or invoice discounting is a way to raise funds for a deposit or have the necessary cash flow to purchase trucks outright.