PayCargo Ramps Up PayCargo Credit Program & Supply Chain Finance More than $250 Million to Lend to Small and Mid Sized Shippers via the PayCargo Platform

PayCargo LLC, a provider of innovative electronic invoicing and settlement solutions for the shipping industry for more than 10 years, today announced that it has brought back its highly successful PayCargo Credit Program. PayCargo provides a global, online freight payment system that allows shippers, carriers and freight brokers of all sizes to settle accounts faster and more safely than ever before.

Since being spun out of a major financial services company earlier this year, PayCargo has been expanding into other transportation segments such as air cargo, trucking, rail, and warehousing. As part of its expansion, PayCargo has arranged funding of the credit facilities it offers its clients.

PayCargo can now offer very competitive financing options. Through PayCargo’s state-of-the-art, supply chain finance technology platform, carriers can enjoy advanced funding of receivables and shippers can qualify for additional credit terms on their payables.

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By : admin /August 23, 2014 /Working Capital /0 Comment /

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