Fuel is a critical necessity for all trucking companies. So how do you keep your fuel tank full and your trucks on the road if you don’t have the cash to pay for fuel because your customers don’t pay right away? One option is by utilizing a fuel advance from a freight bill factoring company.
Fuel advances can give you the opportunity to take on additional loads even when you don’t have the immediate funds to pay for fuel. With fuel advance programs the factoring company will advance funds for fuel even before you deliver the load. This offers you the flexibility you need to grow your transportation company and never leave you without the fuel you need.
How does a fuel advance work?
- You pick up the load and scan or fax the needed documentation to the factoring company.
- The factoring company will confirm the pick-up of the load and provide you with the funds.
With a fuel advance all you have to do is focus on getting the load delivered safely and on time. The factoring company will worry about getting paid.