FactoringServicesCash Flow

Success StoryBusinesses often share their success stories with our team. They tell how

financing their invoices helped them maintain a healthy cash flow and grow their business. Here’s a success story from one of our clients.

FactoringServices

CHALLENGE:

After several years as an owner of a successful trucking company, Robert* and his partner decided to part ways. After a stint as the manager of a truck dealership, Robert decided it was time to re-enter the freight industry.With five trucks on the road and the need for daily cash flow, Robert found that waiting 30 days to collect from his customers was simply too long. Robert’s company, MP Express, needed the support of a factoring companythat could provide fuel cards with discounts, same-day funding, and fuel advances. It was important for Robert to contract with brokers and shippers that were creditworthy, but it was time-consuming and costly to access credit reports himself. Also, because he had a small staff, he needed assistance with preparing, mailing, and tracking payment status on his invoices.

His goal was to grow his fleet, but with these challenges he knew that it would be difficult to build his business while worrying about his cash flow and lack of administrative support. 

FactoringServices

SUCCESS:

Interstate Capital was the factoring company of choice for the fleet Robert previously owned, so he knew that they would offer him the best opportunity to grow.  Within a few short days, Interstate Capital was factoring Robert’s invoices and providing his staff with the support they needed. Within a few months, Robert was able to purchase more trucks and trailers, and secure profitable contracts with shippers. He wasn’t worried about taking on new accounts because he now had the cash flow to pay his drivers and buy fuel, regardless of the payment terms of his new contracts. His company was profitable and growing. 

After a few years, Robert's fleet had grown to over 100 trucks and over 200 trailers, and MP Express was able to secure a large line of credit with a major bank. Interstate Capital was proud of its role in the success and growth of his company, and Robert was grateful for the support that they had provided him.

"The team at Interstate Capital has been more than gracious to us and we owe a huge part of our success to them. They are a great company that goes over and beyond for their customers. Thank you again for everything."  - Robert, MP Express

FactoringServices

Call or email us today for a free factoring consultation!

1.800.422.5995 | salesmgr@interstatecapital.com

Or go to our website for more information!InterstateCapital.com