Monday, August 27, 2007

Factoring Company Helping Freight Brokers

Leading Factoring Company Helping Freight Brokers Finance Their Growth

April 03, 2007 - (PRLEAP.COM) (PRLEAP.COM) Miami, Florida - Commercial Capital LLC, a leading factoring company, has started offering factoring financing to freight brokers. This type of financing, which is common in the transportation industry but seldom available to brokers, enables companies to get an advance on their invoices eliminating the usual 30 to 60 day payment wait.

Waiting up to 60 days to get their freight bills paid can wreak havoc on new and growing freight brokerages. Truckers usually demand payment in less than 60 days, forcing brokers to pay out of pocket, while they wait to get paid by the end client. Factoring provides freight brokers with an advance on their slow paying freight bills, providing them with needed funds to pay truckers and suppliers.

"Freight brokers operate businesses that demand a lot of cash," said Marco Terry, president of Commercial Capital LLC. "Freight bill factoring provides them with a solution that solves their cash flow problems, providing them with money to pay key suppliers and secure additional truck loads", added Terry.

As opposed to bank financing, factoring is easy to obtain. Factoring companies base their financing decisions on the strength of the client's receivables and payers basically the broker's freight bills. This makes it an ideal solution for new and growing brokers who have a strong roster of customers but not a lot of capital. Freight factoring is a great solution for companies whose main challenge is that they cannot afford to wait 60 (or more) days to get paid.

About Commercial Capital LLC
Commercial Capital LLC is a leading factoring company that provides accounts receivable factoring and purchase order financing. For information, please call (866) 730 1922 or go to
http://factoring.qlfs.com/html/categories.html or http://factoring.qlfs.com/html/freight_bill_factoring_for_tru.html