The True Cost of Cheap Freight Factoring 

Have you ever found yourself in a tough spot on a Friday, desperately needing fuel and payroll for your drivers? It’s situations like these that can make or break your business. And when it comes to factoring your invoices, choosing the wrong freight factor can have serious consequences.

Sure, cheap factoring rates may seem enticing at first glance. But what good are those rates if you don’t have the service and support you need when things go wrong? It’s not just about the cost of factoring; it’s about the true cost of choosing the wrong partner.

When you’re left hanging without the funds to cover essential expenses, it can lead to a domino effect. Your drivers may lose faith in your ability to pay them on time, causing them to seek employment elsewhere. Your customers may become frustrated with delayed deliveries and turn to competitors instead. And perhaps most importantly, your reputation as a reliable business could be tarnished.

So, before you jump at those cheap factoring rates, consider the bigger picture. Ask yourself if saving a few dollars is worth risking your drivers, customers, and ultimately your reputation. Remember, it’s not just about the cost – it’s about having a reliable partner who will be there for you when you need them most.

Transcap is a full-service factor providing cash flow for small to medium trucking companies.

Lean on our team to help you get through with fast, easy funding. Complete your application here – it takes less than 60 seconds!