Invoice Factoring Group Expands Freight Broker Financing Program

May 27, 2011 - PRLog -- Miami, Florida - The Invoice Factoring Group, a leading factoring and purchase order financing company that services the USA and Canada, announced the expansion of its freight bill factoring program for freight brokers and logistics companies in the USA and in Canada.  The program can help freight brokers that have cash flow problems due to slow payments by commercial clients.

"We have seen an increase in the number of freight brokers that need financing because they have cash flow problems," said Marco Terry, Managing Director of the Invoice Factoring Group. "While the transportation industry is growing, customers are still taking up to 60 days to pay their invoices, which causes problems for many brokers. Our program tackles this problem directly and helps clients improve their cash flow" he added.

Freight bill factoring can help freight brokers that have to wait up to 60 days to get paid by customers, but who need the funds sooner. The program provides funding against freight bills, providing the necessary funds to meet driver payments and other critical business expenses. For more information about freight factoring, please go to: http://factoring.qlfs.com/html/freight_bill_factoring_for...

Although the transportation industry was greatly affected by the credit crunch and recession, the industry has seen growth thanks to the improving economy. However, not all freight broker have been able to capitalize on this growth due to a combination of cash flow problems and lack of available financing. Most small and midsized freight brokers cannot qualify for conventional financing because they lack the conventional collateral that institutions look for.

Factoring freight bills enables brokers to finance their company's growth by accelerating the revenues that are tied in slow paying receivables. This can provide the liquidity that brokers need in order to operate and expand their businesses. The factoring program is available to small and midsized brokers. It can also be used by startup brokerages provided the owners have substantial industry experience.

For more information, please call (866) 730 1922 or visit http://factoring.qlfs.com

# # #

Invoice Factoring Group is a leading factoring company that works with small and medium sized companies with their cash flow problems due to slow paying commercial or government customers.