Transportation Factoring is a way to manage cash flow for firms involved in trucking and logistics. Factoring involves the purchasing of invoices, the day they are created.
For an example, imagine you've just hauled to the other side of the country and delivered your load, you have a lot of gas to pay or you need to get back. Well, accounts receivable factoring company will pay on the invoice. We'll give sometimes up to 95%, even 97%, of that invoice today, and we will wait for 30, 60, even 90 days to get paid instead.
Meritus has provided billions in funding to our clients over the past 19 years. Along with that experience comes great service, the lowest rates and an easy to use online application process.
Here are a few details of our payroll funding program and why we could be the right fit for you.
There is nothing worse than watching a great business with a great idea, a product, or a service die because it lacks one thing. That one thing is cash flow, the lifeblood of a business.
Read MoreWhat questions should you ask when comparing truck factoring companies? Find out more on our blog post.
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