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Does Bad Credit Matter When Choosing A Broker Or Shipper?

It happens often, you deliver your load, you invoice your broker, and the wait-time to get paid begins - and this is exactly the reason you hire an exceptional factoring company like Thunder Funding, to eliminate the wait-time and save you the trouble of collecting the money from your invoices. However, as a valued client, Thunder Funding encourages you to make good credit decisions based on the current credit conditions and financial stability of any shippers or broker BEFORE accepting a load.

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Topics: Freight Factoring, 123Loadboard, credit checks, Thunder Funding

Got Unpaid Invoices? Learn More About Factoring and Thunder Funding

Did you know that factoring is a popular form of financing in the trucking industry? Quickly convert unpaid invoices into immediate cash for fleets and owner-operators for a small fee!

Invoice factoring allows trucking companies access to fast cash to pay for fuel, vehicle repairs, payroll and more.

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Topics: Freight Factoring, Thunder Funding

How to Run a Lean Trucking Company!

Are your slow-paying customers bogging your freight company down? As you probably know, trucking customers generally submit payment around 30 to 45 days after delivery.

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Topics: Freight Factoring

Freight Benchmark Study Shines Spotlight on Shipper Payment Practices

The Journal of Commerce (JOC) recently released a freight payment benchmark study that examines the payment, invoicing, and related administrative practices of the shipper community.

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Topics: Freight Factoring, Freight Benchmark Study

What Is Freight Factoring?

Freight factoring is a popular form of financing in the trucking industry that converts unpaid invoices into immediate cash for fleets for a small fee. Thus, fleet owners have the funds they need to pay for fuel, their truck drivers, vehicle repairs, and more. For example, Thunder Funding is a freight factoring company and we buy invoices for freight that you’ve already delivered. In a nutshell, this is cash that is advanced to you based on your accounts receivables. Our freight factoring services ensure steady cash flow so that you can keep your trucks rolling.

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Topics: Freight Factoring

Thunder Funding and 123Loadboard Form Strategic Partnership

 
123Loadboard and Thunder Funding Announce Partnership To Fund Freight Carriers Who Find Loads on 123Loadboard's Web and Mobile App Platform. 
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Topics: Freight Factoring, Press Release, 123Loadboard