At Aladdin, we understand that you didn’t start a trucking company to deal with invoicing and collections, but to haul loads and make money. That’s why so many carriers turn to factoring. While getting paid quickly is the top benefit of factoring, the real game-changer is not having to deal with invoicing or chasing down customers for payment.
Think about it: small businesses spend 10% of their day focused on account receivable. That’s hours of phone calls, emails, and headaches you could be spending on the road, making money—or, you know, enjoying your life!
Accounts receivable refers to the outstanding payments owed to a trucking business for loads that have been hauled. In trucking, all brokers and customers must be invoiced (—essentially notified of the amount they owe and what it’s for)to get paid.
However, invoices aren’t just 'send and done.' They require follow-up and tracking to ensure payment is received.
Factoring isn’t just about quick cash—it’s about working smarter, not harder. It gives you back your time, cuts the stress, and lets you focus on what you do best: hauling loads and making money.
We understand the grit and grind it takes to run a trucking business because we’ve been there. That’s why we want to help you stop wasting time chasing payments and start putting that energy into growing your operation. Trust us, your future self will thank you