If you’ve been driving a truck for a while, you may understand that well-planned routes and delivery times can oftentimes shift due to poor traffic, inclement weather, or lack of planning. No one likes spending unwanted time on the road, especially when it’s during the holidays. How do you avoid getting stuck on the road? Hire a factoring company can provide much needed assistance. Here are 3 reasons why hiring a factoring company can save you time, stress, and get you home for the holidays.
Establish a Steady Cash Flow
When it comes to the business of driving a truck, the name of the game is “cash flow.” Utilizing a factoring company allows for funds to be readily available for your business so you aren’t waiting for payments. Most factoring companies are closed only on major holidays and will work with you to achieve your goals.
Keep your Fuel Cards Loaded
Nothing is more frustrating than when a driver fuel card is lacking funds. When you work with an ACH, your funds could be delayed for multiple days. Factoring companies, on the other hand, have the ability to load your card the same day. In fact, they can load funds to the fuel card 24/7. This option can help alleviate the risk of being stuck without fueling options, because you can load your cards at any time.
Let Someone Else do the Paperwork
When your truck is parked outside of your house, leaving work at the office can be very difficult. Factoring companies can address your back-office needs and send necessary paperwork to brokers. Instead of being stuck in your den filing Bills of Lading on Christmas Day, you’ll be outside building a snowman or watching the football game.
When you drive a truck or have truckers on the road during the holiday season, it can be stressful making sure people get home to celebrate the holiday season. Ease those worries by hiring a factoring company and take advantage of the many services they offer. Don’t let your company’s cash flow be the reason you spend the holidays at a truck stop diner instead of at home with friends and family.
The England Carrier Services (ECS) division offers a variety of services for carriers ranging from maintenance to support. As ECS members, carriers have access to nationwide discounts on fuel and tires from dedicated team members who are committed to finding the best price. ECS also provides factoring services with benefits such as same-day funding to a bank account or fuel card. These options allow carriers the freedom to focus on growing their business while saving time and money.