freight broker funding

Freight Broker Funding Solutions

Maintaining regular cash flow is probably one of the hardest challenges facing freight brokers. Expenses can take their toll, sometimes leaving you short of cash to invest back into the business. And you don’t want to dip into reserves to pay for everyday business expenditure. Drivers need to be paid on time, but your clients might have longer payment terms, anything from 30 to 60 days or longer.

One of the ways to mitigate this is to utilize a freight brokerage funding solution, designed around the needs of your business. By paying your carriers timely, your credit rating can also increase, meaning you get access to more opportunities.

Bibby Transportation Finance is a flexible solution suitable for businesses with five or more trucks. And our FreightCheck solution is suitable for businesses running one to four trucks.

Both funding solutions work around your requirements, growing as you grow.

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Maintaining Cash Flow

If your customers normally pay freight bills between 30 days, 60 days or longer, our transportation funding solutions will suit you, allowing you to pay drivers without leaving you short, or taking money from your reserves.

Benefits of working with Bibby Transportation Finance

  • We typically advance up to 95 per cent of the invoice value
  • We offer flexible contract terms
  • We offer flexible fees
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  • Availability to offer quick pay
  • Complimentary credit reports on shippers
  • We pay carriers in 14 days or less

How Bibby Transportation Finance helps grow your business

We offer you a flexible source of funding that grows in line with your sales, leading to an improved cash flow. That means you don’t have to dip into savings to pay your carriers. We offer real-time information, 24/7, 365 days a year.

Because we’re working with your customers chasing invoices and paying carriers, you’re able to focus on building your business. Paying on time also improves your credit rating, meaning you get access to more business.

Ready to get started?

  • We’ll arrange a discussion to get a better understanding of your business and what you hope to do
  • We send you a term sheet or proposal
  • Once you sign the paperwork, we get started

  • You send Bibby Transportation Finance your invoices
  • We fund your facility and seek payment from your customers

Why our clients choose us

Why our clients choose us

With Transportation Finance and FreightCheck, we don’t just offer great products but our specialist team take a relationship-based approach to support our clients. That is why 94% of our clients are satisfied with our service and are confident that we support their business.Talk to Bibby Transportation Finance to find out how we can support you.


Why Bibby Financial Services

Why Bibby Financial Services?

Our team of specialists have a detailed understanding of the Freight Brokerage industry and enjoy helping businesses like yours grow more profitable.

We take pride in getting to know our customers, so we can get a real feel for your business. Really understanding your business means we have better information to make more meaningful decisions. And we work fast.

We could be handling your invoices within 48 hours of us connecting.

We hold memberships in the Commercial Finance Association, the International Factoring Association, and the Turnaround Management Association, so you can be assured we take your business as seriously as we take our business.

If you want to achieve more for your business, at Bibby Financial Services our global clients trust us with their collective turnover in excess of $12.4 billion.

Contact us today to speak to one of our team.

 


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Talk to a member of our team today on (678) 646 7821

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