Hello, I'm Paul DeLuca. I'm founder of Meritus Capital. Today, we're talking about freight capital. What exactly is freight capital?
Those of you in the freight business, you know that one of the most important things for you is making sure you get paid and you get paid quickly. But, what if you're just growing so fast that you really need to get paid immediately? That's where freight capital comes in line. See, we as accounts receivable factoring companies can take your invoice, every single day, and turn it into cash. As much as 95, even 97%, of your invoice can be converted to cash today, and a factoring company will wait to get paid 30, 60, even 90 days later. So, that's what freight capital is.
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