News - Saint John Capital

How to Choose the Right Cash Advance Provider for Your Freight Company

A cash advance is a short-term loan that allows you to borrow funds at a higher interest rate. Generally, people think of a cash advance as funds borrowed against a credit card, but payday loans are also a cash advance, …

Preparing for Economic Uncertainty: The Importance of Lines of Credit for Truckers

In late July of 2024, average interest rates for business credit cards reached 29.07% according to Forbes. Using a card right now is a bad way to cover business emergencies. It’s expensive. A business line of credit offers far lower …

Embracing Technology: How Digital Freight Factoring Platforms Are Revolutionizing the Trucking Industry

Every business has its slow periods, but in the trucking industry, they’re complicated by clients who may not pay as quickly as you need them to. Sometimes, brokers and shippers take months to pay what they owe you, making it …

Summer Freight Factoring Industry Trends: Precedent & Future Outlook

Summer’s trucking industry picks up in April when produce is ready for transportation. It goes strong through July, for both produce and also the construction supplies that are in high demand during prime construction season. In August, all of the …

Navigating Supply Chain Disruptions in 2024: The Role of Freight Factoring

If you go back to a year ago, predictions were that the federal rate cuts would start in early 2024 and that a total of three rate cuts would take place. It hasn’t happened. Inflation remains high, so rates haven’t …

The Impact of Rising Fuel Costs on Trucking: Leveraging Lines of Credit for Stability

Fuel costs keep fluctuating and it’s hard to know what you’ll be paying at the pump from one week to the next. Prices also vary greatly between one region and another. For example, on July 1st, drivers in New England …

Enjoy the Industry’s Best Rates During Turbulent Times With SJC

Did you know that 99.7% of the carriers in the U.S. have 11 to 100 trucks? There are more than 750,000 carriers in the U.S., so there’s a lot of competition trying to get business. This competition can seem brutal, …

Truck Invoice Factoring: Funding Your Transportation Business

Truck invoice factoring is a service that enables workers in the transportation industry to get paid quickly. You deliver a load, sell your unpaid invoices to a factor, and get paid as soon as that same day. Imagine how much …

Get Paid Now with Cash Advances from Saint John Capital

You or your drivers are on the roads for hours every day. You sit and wait at the loading dock because multiple trucks are there waiting for their turn. Once your load is unloaded, you move on to the next …

Freight Factoring for Specialized Carriers: Meeting Unique Industry Needs

Specialized carriers have one of the most stressful jobs in the trucking industry, but it can also be frustrating if you’re not being paid quickly. You have different certifications and requirements when hauling things like hazardous materials, FEMA loads, oversized …