Slow payments from brokers and shippers can negatively impact many carriers when you have fuel, maintenance and other expenses that can’t wait until you get paid. It may feel like there is little you can do since when you receive payment is out of your control even if you have indicated short payment terms. A Minnesota based produce and dry load hauler has found that freight factoring from Tetra Capital can help them get paid more quickly.
About the Minnesota Based Produce and Dry Load Hauler
| FREIGHT HAULED Produce and dry loads | TIME IN BUSINESS 7+ Months | BUSINESS SIZE 4 Trucks and 5 Employees |
Let’s Talk Results
| “The qualities I look for and expect in a finance parter is that they are going to be persistent, fast and available to help during normal business hours. Tetra has met and exceeded my expectations in this area all while getting me paid more quickly.” |
Q: What affect has factoring had on your business?
A: “We are receiving payments for our freight bills much faster than before we starting working with Tetra Capital.”
Q: Would you recommend factoring with Tetra Capital to other transportation companies?
A: “Yes, I would recommend Tetra Capital to other companies.”
Q: How would you rate the level of service you have received from Tetra Capital? 1 is below average 5 is average and 10 is exceptional
A: “I would give them a 10.”
Could you benefit from getting paid more quickly?
If your clients are taking 30 to 60+ days to pay and not knowing when you will be paid is creating financial instability, and uncertainty for your trucking business, freight bill factoring could help you like it helped the Minnesota based produce and dry load hauler and many of our other clients.
With freight bill factoring, all you have to do is deliver the load, submit the paperwork to the freight bill factoring company and we will get you the funds within hours. Tetra Capital will handle all the invoicing, processing and collecting on all your receivables/loads which can be really helpful to trucking owner-operators and small fleet owners. We then wait to get paid by your customer. It is quick, easy and with no hidden or unexpected fees, you know what to expect from us every time.
Give us a call today at (801) 676-0182 to learn how trucking factoring from Tetra Capital can help you get paid more quickly.
