How to Get Paid When Running Under Your Own Authority

💰Factoring companies help you get paid quickly by paying you as soon as you deliver the load.

🕒Some loads can take up to 45 days to pay, which can cause cash flow problems for your business.

🔀Consider switching to a better factoring company if you're being charged excessive fees and high percentages on your loads.

💳Having your own fuel card allows you to get fuel discounts and manage your fuel expenses more efficiently.

📝Submit your rate confirmation and bill of lading to your factoring company to get paid within 24 hours.

What is factoring?

—Factoring is a financial service where a company buys your accounts receivable and provides you with immediate payment, ensuring that you don't have to wait for your customers to pay.

Why should I use a factoring company?

—Using a factoring company allows you to get paid quickly and maintain a positive cash flow, which is crucial for running a successful business.

How do I choose the right factoring company?

—When choosing a factoring company, consider factors such as the fees, rates, credit ratings, and customer reviews to ensure you're getting the best deal.

What are the benefits of having my own fuel card?

—Having your own fuel card allows you to take advantage of fuel discounts, manage your fuel expenses, and have more control over your business finances.

How can I get paid faster when running my own authority?

—To get paid faster, submit your rate confirmation and bill of lading directly to your factoring company, ensuring quick payment within 24 hours.

00:00Factoring companies pay you quickly as soon as you deliver the load.

00:41Consider switching to a better factoring company to avoid excessive fees and high percentages on your loads.

01:47Having your own fuel card allows you to get fuel discounts and manage fuel expenses more efficiently.

02:19Submit your rate confirmation and bill of lading to your factoring company for quick payment within 24 hours.

09:57Contact RTS Financial to learn more about factoring and fuel card services for your own authority.