Case Study · Trucking & Transportation
From 7 trucks to 12: funding growth without waiting to get paid
For Todd, business wasn’t the problem. Cash-flow timing was.
- IndustryTrucking & Transportation
- SolutionAR Factoring
- Facility$1.5 Million
- Advance rateUp to 97%
- Funding speedSame day
ACT 01 — THE CHALLENGE
The expenses didn’t wait. The customers did.
Todd’s trucking company was growing, but many customers paid invoices on 30-, 60- or even 90-day terms. Meanwhile, the expenses required to keep trucks on the road didn’t wait.
Fuel had to be purchased. Drivers had to be paid. Insurance premiums were due. Repairs had to be made. And every new contract created additional expenses long before the customer paid its first invoice.
With a fleet of seven trucks and opportunities to take on larger contracts, Todd faced a common challenge for growing transportation companies:
The faster the company grew, the more working capital it needed.
Turning down profitable business wasn’t the answer. Todd needed a funding solution that could keep pace with the company.
The freight was moving. The customers were paying. The problem was the time between the two.
ACT 02 — THE SOLUTION
Invoices in, working capital out — same day
Bridgeport Capital established a $1.5 million accounts receivable factoring facility designed to turn the company’s outstanding invoices into readily available working capital.
Instead of waiting 30, 60 or even 90 days for customers to pay, Todd could submit eligible invoices and receive an advance of up to 97%, with same-day funding.
That gave the company predictable access to cash for day-to-day operating expenses while providing the financial flexibility to pursue larger opportunities. More importantly, the funding could grow alongside the business.
As sales and receivables increased, so did the company’s access to working capital.
- ReceivablesInvoices on 30-, 60- and 90-day termsFuel, drivers, insurance and repairs due long before customers paid
- Bridgeport facility
$1.5 million AR factoring facilityAdvances of up to 97% on eligible invoices - Available capitalSame-day fundingPredictable cash for day-to-day expenses — and room to pursue larger contracts
The Results
More than 70% fleet growth in about three years
- $1.5MReceivables funding facility
- Up to 97%Advance on eligible invoices
- Same DayFunding on eligible invoices
- 7 → 12Fleet growth in about 3 years
With consistent access to working capital, Todd could make business decisions based on opportunity — not on when a customer happened to pay an invoice.
The company pursued larger contracts, kept trucks fueled and on the road, addressed repairs when they happened and, most importantly, never missed a payroll. Instead of having cash tied up in unpaid invoices, Todd could put the money his company had already earned back to work growing the business.
In the Client’s Words
“As the owner of a small trucking company, cash flow was everything. I couldn’t wait 30, 60 or 90 days to get paid while fuel, repairs and payroll were due right now. Bridgeport gave us the working capital we needed against our receivables, with advances of up to 97% and same-day funding. Over about three years, we grew from 7 trucks to 12, took on bigger contracts, and never missed a payroll.”
The Bottom Line
Your customers can take 60 days to pay. Your business doesn’t have to wait.
If outstanding invoices are tying up the cash you need for payroll, fuel, repairs or your next opportunity, Bridgeport Capital can help turn those receivables into working capital.
Let’s talk about your businessNo pressure. No obligation. Just a conversation.
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