factoring company recommendations for 1-2 trucks

[KeyFactor]

To add on to @Finar's comments, I think factoring is like any other form of financial leverage. If your goal is to grow and add more trucks, factoring can be an effective way of supporting the operating costs of a larger fleet. Too many companies only factor to support their existing fleet. This fails to capture the true benefit. Having said this, I do hear the concerns about the adding avoidable costs to a sector with narrow margins, but the if you consider the incremental margin after factoring costs of those loads you couldn't otherwise support, it starts to make lots of sense.

 

[GiG0075]

This is what I don't understand about our industry. The equipment owner with paid off equipment should be looking to make a return on their capital. They should earn the same amount of money as others in industry that have payments to make. The interest expense that they would have paid to someone else should be paid to the shareholder.

The equipment owner with paid off equipment should never consider factoring or need factoring - especially 3 to 5 percent.

This guy jumps into every post just to stir crap — like a broke‑down coin‑operated machine.

 

[Igor Galanter]

This guy jumps into every post just to stir crap — like a broke‑down coin‑operated machine.

I'm sure you won't lasts on this board much longer with such attitude towards this forum members.
If what you are posting is THE ONLY reason, better go away yourself and quick.

 

[GiG0075]

I'm sure you won't lasts on this board much longer with such attitude towards this forum members.
If what you are posting is THE ONLY reason, better go away yourself and quick.

Throwing shade at people here isn’t going to make you look any better.

 

[Igor Galanter]

Throwing shade at people here isn’t going to make you look any better.

OK. Just wait for other members reaction, eh..

 

[Shakey]

Throwing shade at people here isn’t going to make you look any better.

You don't understand the purpose or value of our little community one bit.

 

[T800]

Throwing shade at people here isn’t going to make you look any better.

Me thinks you should change your outlook before you get your little boy balls slapped.

 

[loaders]

This guy jumps into every post just to stir crap — like a broke‑down coin‑operated machine.

If you disagree with someone’s post, reply to it with facts and information as opposed to cheap, juvenile insults. It is extremely unbecoming.

 

[ferrari]

I recommend SG Capital out of Vittoria ON.