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  • Atricle Dump - Does Your Trucking Company Have Cash Flow Issues?

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    If you are like most owners, your first reaction is to try and get a loan. However, a loan will only cure the temporary p

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    Do you feel that your trucking company is heading straight for a cliff? Do you feel that your trucking company is stuck in neutral? Or worse, do you have lots of slow paying freight bills and not a lot of cash in your business bank account?

    Having slow paying clients is one of the worst problems that you can have. Especially when you own a cash hungry trucking company that needs money to pay for drivers, repairs, fuel and equipment. The biggest cash flow issue comes from your slow paying customers that can take up to 60 days to pay your freight bills.

    If you are like most owners, your first reaction is to try and get a loan. However, a loan will only cure the temporary pr

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    worse, do you have lots of slow paying freight bills and not a lot of cash in your business bank account?

    Having slow paying clients is one of the worst problems that you can have. Especially when you own a cash hungry trucking company that needs money to pay for drivers, repairs, fuel and equipment. The biggest cash flow issue comes from your slow paying customers that can take up to 60 days to pay your freight bills.

    If you are like most owners, your first reaction is to try and get a loan. However, a loan will only cure the temporary p

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    s one of the worst problems that you can have. Especially when you own a cash hungry trucking company that needs money to pay for drivers, repairs, fuel and equipment. The biggest cash flow issue comes from your slow paying customers that can take up to 60 days to pay your freight bills.

    If you are like most owners, your first reaction is to try and get a loan. However, a loan will only cure the temporary p

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    pairs, fuel and equipment. The biggest cash flow issue comes from your slow paying customers that can take up to 60 days to pay your freight bills.

    If you are like most owners, your first reaction is to try and get a loan. However, a loan will only cure the temporary p

    Board of Directors Meeting
    Board of Directors is appointed by the shareholders to take care of their best interest and act as representatives of the shareholders. Board of Directors is the true governing body of the company. The authority to set business goals and to regulate business methods wrests wi
    ht bills.

    If you are like most owners, your first reaction is to try and get a loan. However, a loan will only cure the temporary problem. What will happen in four months when the loan money has run out? You will be left exactly where you are standing now. Back to square one.

    A better solution would be to eliminate the slow payments all together. Note that I did not say that we should eliminate the slow paying clients…..just the payments. What do you think you could do if all your freight bills were paid in two days instead of 30 or 60?

    There is a solution that can help you accomplish that. Is called freight bill factoring and is one of the best financing tools for tra

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