Logistics Finance is for companies that provide warehouse and distribution services and require working capital to cover over head expenses. These full service logistics providers require working capital for payroll, as well as for covering the cost to deliver the product. While logistics companies typically have relatively shortly sales terms, they still require working capital to cover operating expenses and for growth.
The most common types of logistics funding are:
- Asset Based Lending
- Invoice Factoring
- Freight Factoring
- Spot Factoring
- SBA Loans
Logistics Finance comes in several different forms with different features and benefits. Some logistics finance companies like to handle the billing and payables process while other funders are very hands off.
Choosing the right logistics finance program will largely depend on how much back office support your are looking for and the different types of collateral that you have available to pledge. You will also want to decide if you are looking for recourse or non-recourse financing.
While there are several forms of logistics finance available, each has its positives and negatives. In many cases more than one form of financing can be used to generate capital. Choosing the right working capital facility with the right lender can make all the difference.
Call us now at 855-424-2958 to discuss your logistics finance options! Or fax us at (855) 450-0885.
Customized Financing Options
Asset Based Lending
Revolving lines of credit up to $20,000,000
Accounts Receivable Factoring
No minimums, up to $20,000,000
Secondary lines of credit for ABL or Factoring
Equipment & inventory facilities
Great for staffing & temp agencies