Category Archives: Video Blogs

Factor Truck Expenses To Stay In The Black

Hello. I’m Paul DeLuca, founder of Meritus Capital. Today we’re talking about factoring your truck.

You’re a trucker and you’ve been able to buy your truck and now you’re creating loads and invoices every single day. But here’s the key, how are you going to pay for your fuel bill? You’ve made your invoice, today and you’re not going to get paid for another 30 or 60, sometimes even 90 days. That’s where factoring your truck comes in handy.

An accounts receivable factoring company, will take your invoice, convert it to cash, and will do it every single day, you finish a load. Sometimes, as much as 95 or even 97% of your invoice can be paid to you today. So, this is exactly what factoring your truck is all about.

If you have any questions, please let us know. We love questions and we’ll answer them in a video series. Until then be safe, and make it a great successful day.

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About Paul Deluca

Mr. DeLuca is a successful corporate finance executive, having completed 100′s of finance and M&A transactions. Mr. Deluca has extensive experience and contacts in the corporate capital markets, and healthcare and staffing industries. He has successfully started and sold a number of companies. At Meritus, he is the principal decision maker on finance transactions. Mr. Deluca looks for rewards where others may only see risk. In addition to serving as CEO of Meritus, Mr. DeLuca’s keen business finance and operations insight is utilized on several corporate boards. He takes pride in his entrepreneurial spirit and how it is enhanced by his experience and capacity to participate in his clients’ successes. Follow Mr. DeLuca on Google+

What Is Freight Capital?

Hello, I’m Paul DeLuca. I’m founder of Meritus Capital. Today, we’re talking about freight capital. What exactly is freight capital?

Those of you in the freight business, you know that one of the most important things for you is making sure you get paid and you get paid quickly. But, what if you’re just growing so fast that you really need to get paid immediately? That’s where freight capital comes in line. See, we as accounts receivable factoring companies can take your invoice, every single day, and turn it into cash. As much as 95, even 97%, of your invoice can be converted to cash today, and a factoring company will wait to get paid 30, 60, even 90 days later. So, that’s what freight capital is.

We hope that this has been informational for you. We’d be happy to answer any of your further questions. Please email us. We’d love to make another video out of it and answer those questions.

Until then, be safe and make it a successful day.

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About Paul Deluca

Mr. DeLuca is a successful corporate finance executive, having completed 100′s of finance and M&A transactions. Mr. Deluca has extensive experience and contacts in the corporate capital markets, and healthcare and staffing industries. He has successfully started and sold a number of companies. At Meritus, he is the principal decision maker on finance transactions. Mr. Deluca looks for rewards where others may only see risk. In addition to serving as CEO of Meritus, Mr. DeLuca’s keen business finance and operations insight is utilized on several corporate boards. He takes pride in his entrepreneurial spirit and how it is enhanced by his experience and capacity to participate in his clients’ successes. Follow Mr. DeLuca on Google+

What Is A Truck Factoring Company

Hello, I’m Paul DeLuca. I’m founder of Meritus Capital. Today, we’re talking about truck factoring companies. What exactly is a truck factoring company?

A factoring company for truckers takes their invoices, and every single day, generates cash for them. Think about it, if you’re a trucker and you’ve just completed a load to the other side of the country, you want to get paid. You can’t wait for 30 or 60 days. By the way, you got to get back and you have to have enough gas to get all the way back, right? You need that fuel. So, what you can do is take that invoice, sell it to an accounts receivable factoring company, and generate cash immediately. Sometimes, you can generate as much as 95% or even 97% of the invoice amount.

We hope that this has been informational for you. Please make sure to email us any of your questions, we’ll make it a future video. Until then, make it a great successful day.

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About Paul Deluca

Mr. DeLuca is a successful corporate finance executive, having completed 100′s of finance and M&A transactions. Mr. Deluca has extensive experience and contacts in the corporate capital markets, and healthcare and staffing industries. He has successfully started and sold a number of companies. At Meritus, he is the principal decision maker on finance transactions. Mr. Deluca looks for rewards where others may only see risk. In addition to serving as CEO of Meritus, Mr. DeLuca’s keen business finance and operations insight is utilized on several corporate boards. He takes pride in his entrepreneurial spirit and how it is enhanced by his experience and capacity to participate in his clients’ successes. Follow Mr. DeLuca on Google+

What Is Truck Invoice Factoring?

Hello, I’m Paul DeLuca. I’m founder of Meritus Capital. Today, we’re talking about truck invoice factoring. What exactly is it?

If you’re a trucker and you’ve already hauled your load to the other side of the country or even just around town, you’ve created your invoice and now you need to get some cash. You’ve got to pay your fuel bill and other expenses, but your customer is not gonna pay you for probably 30 to 60 days. So, what are you going to do?

Well, that’s where truck invoice factoring comes into play. An accounts receivable factoring company will take your invoice and pay you 95%, even 97%, of the invoice today instead of waiting for 30 to 60 days. So, that’s what truck invoice factoring is.

I hope that this has proved informational for you and if you ever have any questions or want us to create another video and answer some of those, please email us. We’d be happy to take your suggestions. We appreciate it. Until then, be very successful, be safe, and we’ll talk to you again.

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About Paul Deluca

Mr. DeLuca is a successful corporate finance executive, having completed 100′s of finance and M&A transactions. Mr. Deluca has extensive experience and contacts in the corporate capital markets, and healthcare and staffing industries. He has successfully started and sold a number of companies. At Meritus, he is the principal decision maker on finance transactions. Mr. Deluca looks for rewards where others may only see risk. In addition to serving as CEO of Meritus, Mr. DeLuca’s keen business finance and operations insight is utilized on several corporate boards. He takes pride in his entrepreneurial spirit and how it is enhanced by his experience and capacity to participate in his clients’ successes. Follow Mr. DeLuca on Google+

What Is Transportation Factoring?

Hello. I’m Paul DeLuca, founder of Meritus Capital. Today, we’re talking about transportation factoring. What exactly is it?

Well, transportation factoring includes the industries of trucking, logistics and drayage. And accounts receivable factor, will purchase invoices from these companies to be able to generate cash, immediately, every day that

Let’s think of an example. If you’re a trucking company and you’ve just hauled to the other side of the country and delivered your load, you have a lot of gas to pay or you need to get back. Well, accounts receivable factoring company will take the invoice. We’ll give sometimes up to 95%, even 97%, of that invoice today, and the factor will wait for 30, 60, even 90 days to get paid instead.

Well, that’s what transportation factoring is all about. I hope you found this video useful. If you have any questions please email us. We’d love to answer your questions in another video series. Until then, make it a great successful day.

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About Paul Deluca

Mr. DeLuca is a successful corporate finance executive, having completed 100′s of finance and M&A transactions. Mr. Deluca has extensive experience and contacts in the corporate capital markets, and healthcare and staffing industries. He has successfully started and sold a number of companies. At Meritus, he is the principal decision maker on finance transactions. Mr. Deluca looks for rewards where others may only see risk. In addition to serving as CEO of Meritus, Mr. DeLuca’s keen business finance and operations insight is utilized on several corporate boards. He takes pride in his entrepreneurial spirit and how it is enhanced by his experience and capacity to participate in his clients’ successes. Follow Mr. DeLuca on Google+