In our Transportation Tuesday series, we’re partnering with industry leaders to share tips on how you can improve your business success and growth. This week’s tip is brought to you by OTR Capital.
Tip #2: Any company with a DOT Number is eligible for factoring
There are few things more frustrating as a business than waiting 20, 30 or even 45 days to get paid for your services — especially when you have to pay overhead like fuel costs for your next load.
Fortunately, as long as your loads pay on a net term, you’re eligible for factoring. Fortunately, as long as your loads pay on a net term, you’re eligible for factoring. This is especially true when your factoring company offers 24/7 access to instant broker checks and invoicing solutions.
Benefits of factoring include:
- Immediate boost to cash flow
- Fast cash: you receive payments within 24 hours
- Fast approvals: 24/7 access to instant broker checks
- Full back-office support
About OTR Capital
OTR Capital is a factoring company that offers access to quick, easy, and affordable funding for small, medium, and large companies. It’s dedicated to providing the best factoring experience to customers by helping them increase cash flow and grow their business.
You can rely on OTR Capital for:
- True non-recourse factoring
- No hidden fees, no monthly requirements
- Free broker checks