The trucking industry is very competitive, so in order to expand your business, small fleets and owner-operators can use all the advantages that are available to them. For a trucking company in Utah that hauls dry and refrigerated freight, one advantage is freight bill factoring from Tetra Capital. Below hear from them about their experience with receivables financing from Tetra Capital.
About the Utah Trucking Company
| FREIGHT HAULED Dry and Refrigerated Freight | BUSINESS STARTED 1998 | BUSINESS SIZE 3 Trucks and 3 Employees |
Q: When did you start working with Tetra Capital for freight factoring?
A: “We have been working with Tetra since March of 2003.”
Q: What qualities do you look for and expect in a finance partner?
A: “I look for a finance company that is prompt, honest and has friendly service. Tetra Capital is definitely all of those things.”
Impact on the Business
| INVOICE COLLECTION TIME WITHOUT TERA CAPITAL 30-90 Days | INVOICE COLLECTION TIME WITH TETRA CAPITAL Less than 24 hours |
Q: What is the biggest difference that partnering with Tetra Capital has made to your business?
A: “Partnering with Tetra Capital provides me with consistent cash flow fluidity that has allowed me to grow the business and pay my bills.”
Q: Would you recommend factoring with Tetra Capital to other transportation companies?
A: “Yes! I would recommend Tetra to other carriers.”
How can receivables financing help you grow your trucking company?
Receivables financing, which is also called freight bill factoring, can help your trucking company grow by eliminating the 30-60+ days it can take to be paid allowing you to haul more loads.
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. 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 freight bill factoring from Tetra Capital can help you manage your cash flow.
