Tag: Factoring

October 8, 2024 123Loadboard

The Benefits of Factoring for Owner-Operators

Owner-operators in the trucking industry often face financial challenges, especially when it comes to managing cash flow and that’s where factoring can help. With expenses such as fuel, maintenance, insurance, and payroll to cover, waiting 30, 60, or even 90 days for customer payments can create financial strain. For small businesses, this gap in cash flow can hinder daily operations and long-term growth. Factoring offers an effective solution, providing immediate funds in exchange for outstanding invoices.

November 20, 2019 123Loadboard

123Loadboard Adds 1-Click Funding To Help Improve Owner-Operator Cash Flow

123Loadboard announced today that it has released 1-click funding to its Android and iOS freight matching apps. With the latest mobile app deployment, trucking companies will no longer have to bear the burden of front-loading fixed costs over a lengthy duration.

September 13, 2017 123Loadboard

123Loadboard and Thunder Funding Give $1,200,000 to the Trucking Industry for NTDAW 2017

To thank truck drivers for their dedication to moving America’s freight, 123Loadboard and Thunder Funding give over $1,200,000 in load board subscriptions and free first-time factoring services to carriers.

July 19, 2016 123Loadboard

123Loadboard and Thunder Funding Announce Partnership

123Loadboard and Thunder Funding have formed a partnership to streamline the process of making instant cash funding available to load board users who need capital to fund the delivery of their loads.