Answering your questions
Transportation Factoring allows your business to release cash against your outstanding customer invoices before they’ve been paid. The difference between factoring and invoice discounting is we manage your Accounts Receivables management. Factoring is a good solution for new, growing and established Transportation businesses whether you have one truck or run a fleet.
It’s designed to improve cash flow and support business growth by eliminating the issues caused by terms of payment. Unlike traditional types of credit, factoring is quick to set up; it's an efficient and effective form of financing that mirrors the growth of your company.
We’ll meet with you to discuss your business and look at how you operate. Then we’ll talk about which of our flexible offers might suit you best. After that, we run a report about your business through our credit control team who can give a funding offer within hours. We can be organizing payment of your invoices, days after we have an initial meeting, meaning you can concentrate on growing your business.
We’re willing to look at your business even if you’ve just started up.
Even if you’re a relatively new freight brokerage, we’re willing to look at your industry experience and take your customers’ industry experience and track record into account. Costs vary depending on the number of invoices we handle for you. The other advantage we offer is that we can pay your drivers direct, if you choose, leaving you to get on with running and building the business. We can also offer protection when your customers have an inability to pay.
Great question! Our specialists have a detailed understanding of the transportation industry and enjoy helping businesses like you grow more profitable. We take pride in getting to know our customers, so we can get a real feel for the 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 days of us meeting.
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.
We recommend businesses undertake a financial review once a year to make sure you’re getting added value from your partner. We hope we’re on your list when you undertake a review.
We offer flexible solutions that are designed to work for you. Our customers say we offer highly competitive rates and they value our presence in their business.
Bibby Transportation Finance is designed to work with Freight Brokers or companies with five or more trucks. FreightCheck is geared towards companies with between one and four trucks.
Both flexible solutions allow you to continue to grow your business by bridging the cash flow gap between you issuing the invoice and receiving the payment. As soon as we receive the copy invoice, we issue you with payment upfront and organize the collection of funds from your customer. Once we have the money, we release the rest of the money to you.
Partner with a funder who knows the ins and outs of your industry
Browse funding examples of our clients.
Request a quote for B2B financing.