Freight and trucking companies depend on healthy cash flow to stay on the road. As with most businesses, you probably experience fluctuations depending on the time of the year and economic conditions. You need cash to pay drivers, maintain your vehicles, purchase fuel and cover other business expenses. Transportation factoring is a way to ensure that you always have cash on hand.
What is Transportation Factoring?
Transportation factoring or freight bill factoring is a way to sell your unpaid invoices for immediate cash. The truck factoring company provides you with up to 95% of the value of your invoices and takes responsibility for collecting from your clients. Unlike other types of financing, such as bank loans, you don’t need a long business history or pristine credit to get approved for transportation factoring. The factoring company is more concerned with the credit history of your clients as they are the ones who are paying. Read more
Riviera Finance will be at The Great American Trucking Show on August 23 – 25 in Dallas, Texas at Booth 2310. This is an exciting annual event that you won’t want to miss if you’re involved in the trucking industry in any way. The GATS features more than 500 exhibitors who represent areas such as truck, engine, trailer, parts manufacturers and much more. 
Each week Kim Bukovsky, Business Development Manager at Riviera Finance, gives a factoring presentation with Elizabeth Vasco, owner of Boston Transportation Solutions. 
At Riviera Finance, we look for opportunities for our colleagues to get involved in the community and showcase their expertise. Kim Bukovsky, Midwest Development Manager, presented our 
