Breaking Barriers: How factoring helped this transportation company open a new freight brokerage division in just a few short years.
"The online tools greatly assist with accounting and the payment system is seamless."
GT was a one-man-show for over ten years. The company built an excellent customer database, but consistently struggled to manage their cashflow...Read More
As a result, GT struggled to pay its drivers and subcontractors. GT decided to look for a finance partner who understood the specifics of their business and who could manage the back-office administration.
REV Capital offered GT a credit facility limit of $50,000. REV Capital was able to provide immediate cash to GT based on the creditworthiness of GT’s debtors. Factoring is unique in that it is the only form of lending that availability is based on the creditworthiness of payers rather than principals.
Within a few short years, their receivables have increased to $600,000. REV Capital helped GT achieve their goals by providing immediate cashflow, industry knowledge, and quality customer service. By removing the stress of everyday back-office administration, GT was able to concentrate its efforts on scaling a profitable business.