Why Owner operators should consider factoring to fund their business

As a staffing business owner, you know how important it is to have a pipeline of potential clients. In order to make sure you are able to pay your ongoing expenses (even if you have a few slow weeks or you are simply waiting for a few clients to make a final decision regarding a candidate), factor your receivables in order to eliminate the worry. Get an instant factoring quote now.

Owner-operators have a unique set of challenges when it comes to running their businesses. Not only are they relying on themselves for the success of their business, but they want to be able to grow and expand their businesses along with industry demands.

It’s not uncommon for owner-operators to experience cash flow problems throughout various stages of their business cycles. Being out of pocket for small and large expenses can lead to a wide range of problems (and eventually the demise of your company), which is why you need business funding options that are tailored for your company’s needs.

Managing your running expenses

Running a company can be expensive and as an owner-operator, you will often be faced with expenses that require immediate attention such as maintenance, repairs to equipment and fuel as well as monthly expenses such as insurance and salaries that you need to be able to pay in order to keep your business afloat. While you might have enough cash and capital to pay your predetermined monthly expenses, what happens when you need to make emergency repairs or you have unforeseen expenses and you’re still waiting for clients to pay you?

Clients often pay bills only after a month or two. You can get peace of mind and ensure that unforeseen expenses and late payments don’t affect your business by partnering with a factoring company for factoring services. In this instance, the factoring company will pay you in advance and you settle the outstanding debt when your clients pay you in full. To find out how affordable this service can be, get an instant factoring quote today.

Interstate Capital’s factoring programs include a long list of unique features including rates starting at just 0.49% per invoice, advance rates up to 100%, same-day funding, 24/7 automatic credit approvals, fuel advances (for motor carriers), professional collections, and much more.

Set-up is always fast and easy. There is no application fee and most companies will qualify for an instant online proposal in under 2 minutes just by completing the Instant Factoring form on this page. If you like what you see in your proposal, just click on the application link in your proposal and you’re on your way to fast funding.

Today, the Interstate Capital group of companies employs more than 85 dedicated professionals, and has successfully funded over 6,000 motor carriers, freight brokers, manufacturers, staffing services, oilfield service, and other service businesses for over 20 years. Check out: http://www.interstatecapital.com/factoring_industries/transportation-distribution/.

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