New Orleans, LA is a major port for international commerce, as well as a hub for domestic transportation.
Freight Factoring in New Orleans, LA
Trucking companies in New Orleans rely on cash flow for everything from overhead costs to making payroll and much more. Unfortunately, standard business practices mean trucking companies have to issue invoices with staggered payment schedules of 30, 60, or even 90 days. These waiting periods result in gaps in revenue that can threaten to slow down or even halt operations. Single Point Capital eliminates the lag by boosting cash flow with freight factoring. Our freight factoring services are simple, transparent, and fast. Once you submit an invoice to us, we will make funds available within a single day via wire transfer, ACH, or any other established methods that work best for your company. Our team will work with you to create a freight factoring strategy that’s tailored to your trucking business.
How It Works
Setting up an account for freight factoring services from Single Point Capital is easy and takes minimal paperwork. Once you are set up, you can start submitting your receivables and receive funds within a single day. Additionally, you will be able to check the credit ratings of your brokers and clients to help you decide which jobs you want to take and which invoices you want to factor. Freight factoring from Single Point Capital does not place any debt on the balance sheet, and because of our fast turnaround time, your trucking company won’t have to perform collections due to invoices “aging out.” Our freight factoring services allow trucking companies in New Orleans to:
- Improve cash flow
- Preserve credit ratings
- Reduce or eliminate the need for debt-based financing
- Cover overhead
- Make payroll
- Build up capital for growth
More Than Freight Factoring
When you sign up for factoring services from Single Point Capital, you get access to our other benefits as well. We believe in offering a little lagniappe to our clients, so you will be able to access our fuel card program with big discounts at the pump, as well as fuel advances for your drivers. We also help owner-operators who want to launch their own trucking companies by assisting with the proper permits and forms.
Get Started Today
Whether you own a trucking company or do business as an owner-operator in Now Orleans, Single Point Capital can boost your cash flow with our fast and easy freight factoring services. Our professionals will get you up and running in no time so you can stop waiting on payments from clients and start accessing your revenue. Contact Single Point Capital today to get started with our freight factoring services.