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Trucking, Logistics, Carrier Factoring ServicesTrucking / Logistics / Carrier Factoring Services: Many small to mid sized trucking, carrier, logistics, and other businesses use factoring to maintain cash flow. Brad Hoffman CPA has been working with the best factoring companies in American for over twenty years - and it really makes a difference as to who you choose to factor your receivables with!

Factoring is where your business sells it accounts receivables to a third party at a discount in exchange for up front cash.

Sound easy right? Well it's not and it ripe with companies who prey on the unknowing with recourse and non recourse factoring arrangements that could put your company out of business.

The cash you'll get for invoices ranges from 75% to 90% depending on who you use to factor and how you set it up. It's critical to use someone like us that has the contacts and expertise in factoring to guide you to the right connection.

Factoring fees including cash advances, the factor discount fee, invoice fees, and other charges are not etched in stone - we know who has the best deals in the trucking business - and so do our clients.

The good thing for small to mid size companies that may struggle to get the capital they need from standard banks is that factoring relies on your customers ability to pay - not yours. We've seen factoring arrangements as low as .25% - but you must know who to use, and how to structure the deal at the onset - not once you've already signed.

The same applies to companies who are already factoring. We've helped customers move their factoring from one lender to another swiftly - which not only gained them additional access to cash, it saved them tens of thousands annually on fees and charges.

Carrier factoring services are not new. There is however a huge difference in the rates and services your company can expect. If you use a company to factor receivables make sure you use someone who knows the industry and the companies that are considered best in class for carrier factoring.

Non recourse and recourse factor arrangements are available. Obviously you'll pay more for a non recourse factoring arrangement as you've eliminated most of your risk.

Carrier factoring services and negotiating the best terms for trucking and logistic companies who need to factor - is what Brad Hoffman CPA services does best!

With nearly thirty years of expertise in the trucking business, Brad Hoffman brings the contacts and experience your company should be using to factor. When you have to sell receivables either for daily cash flow or for equipment financing, give Brad a call at 614-203-8021 to make sure you're company has grabbed the best deal!