Young brokerages and those attempting to rapidly scale their businesses often end up taking out loans to cover their costs and finance their carrier payments. The terms that accompany these loans – including high interest rates, strict payback periods and restrictive covenants – can become burdensome for brokers and may actually hamper their growth instead of enabling it.
Many brokers rely on these types of loans to help them pay carriers and staff when growing in the industry.
“Carriers and...
https://www.freightwaves.com/news/unlocking-brokerage-growth-with-digital-payment-financing