Hello. I'm Paul DeLuca, founder of Meritus Capital. Today we're talking about factoring your truck.
You're a trucker and you've been able to buy your truck and now you're creating loads and invoices every single day. But here's the key, how are you going to pay for your fuel bill? You've made your invoice, today and you're not going to get paid for another 30 or 60, sometimes even 90 days. That's where factoring your truck comes in handy.
An accounts receivable factoring company, will take your invoice, convert it to cash, and will do it every single day, you finish a load. Sometimes, as much as 95 or even 97% of your invoice can be paid to you today. So, this is exactly what factoring your truck is all about.
If you have any questions, please let us know. We love questions and we'll answer them in a video series. Until then be safe, and make it a great successful day.
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