Small Canadian fleets offered freight factoring

TORONTO – Commercial Capital is offering Canadian freight brokers and trucking carriers a way to avoid waiting up 60 days to get their freight bills paid.

Commercial Capital’s freight financing program, now available in Canada, provides transportation companies with freight bill advances, alleviating cash flow problems, the firm says.

Smaller trucking companies don’t always have the necessary cash reserves to wait the usual 30-60 days customers take to pay for their services, Commercial Capital says. Freight factoring therefore provides carriers and brokers a quick pay on their freight bills, allowing them to meet expenses and grow their businesses.
?”Factoring is a great solution for the transportation industry,” said Marco Terry, managing director of Commercial Capital LLC. “It eliminates most payment worries, allowing owners to focus on running and expanding their companies.”

The firm says its factoring offer is ideal solution for new and growing companies with a strong roster of customers but little capital.