Can factoring help startup companies?

Did you know that factoring your freight bills is more affordable than ever, thanks to technology?

Today’s computerized processes allow freight factoring companies to provide more clients more services for their money than ever before. Top factoring companies can dramatically speed up funding and simplify their operations, creating lower costs to clients.

Mobile apps for factoring companiesInterstate Capital, one of the most technologically advanced factoring companies in the transportation factoring industry, is a leader in building efficiency into its electronic funding processes. With behind-the-scenes technology advances, Interstate Capital’s motor carrier clients benefit from lower factoring fees and improved services.

For instance, the Interstate Capital Mobile App lets you request fuel advances, submit paperwork, and get paid fast from your smart phone. The Interstate Capital client portal gives you the latest updates on invoices and payments in real time, 24/7. You can easily view and manage your fuel costs online with the Interstate Capital Fuel Discount Card.

Yet technology won’t change the key to Interstate Capital’s success: the importance of personal relationships. When you work with the factoring specialists at Interstate Capital, you gain a financial partner invested in your business growth and stability. Starting with a no-obligation cash flow consultation, Interstate Capital staff is committed to getting to know your business goals and your people. The personal attention continues throughout the application and funding processes.

While technology speeds up invoice delivery, review, and payment, nothing compares with the service and support you will receive from your dedicated account manager and the rest of the Interstate Capital team.

P.S. A cautionary note: Technology has also driven the growth of unregulated online lenders and merchant cash advance (MCA) companies. These websites promise big advances fast, but those loans come with high interest rates that can max out your credit cards and use up your savings. Motor carriers fare better with factoring – an affordable no-debt, no-loan cash flow solution.

To learn how factoring may help your business and click here for a free factoring assessment today.