FAQ: Bolton Capital and TruckIT Cash Flow Solution for One Choice Logistics
Summary
One Choice Logistics faced cash flow challenges due to extended accounts receivables of 60-90 days while needing to pay drivers weekly. Through Bolton Capital's rapid funding and TruckIT's digital platform, they now receive instant invoice payments, eliminating financial stress and supporting business growth.
What is One Choice Logistics and what services do they provide?
One Choice Logistics is a transportation company founded in 2022 in Davie, FL that specializes in aggregate transportation services using a network of 250 owner-operated dump trucks, dump trailers, and cement tankers across South and Central Florida.
What cash flow problem was One Choice Logistics experiencing?
As the company grew to over $6M in revenue by 2024, their commitment to paying drivers weekly and buying materials monthly created cash crunches because their accounts receivables stretched from 60 to 90 days, putting significant stress on their finances.
How did Bolton Capital and TruckIT help solve One Choice’s cash flow issues?
Bolton Capital provided rapid invoice funding while TruckIT offered their digital e-Ticketing platform, creating a seamless system where One Choice submits invoices through TruckIT and Bolton’s ticket-matching technology ensures instant verification and payment.
What was the specific financial impact of Bolton Capital’s funding?
Bolton funded $400,000 of One Choice’s $600,000 in outstanding invoices within 48 hours, with the remaining $200,000 funded the following Monday, and has continued funding their invoices weekly ever since.
What are the key benefits One Choice Logistics experienced from this partnership?
The partnership eliminated financial stress, ensured timely payments to drivers and subcontractors, improved business efficiency, and provided the funding needed to run the business effectively and strategically while supporting growth.
Who are the key individuals mentioned in this partnership?
Azohani ‘Nani’ Bernal is the CEO of One Choice Logistics, and Andrew Lindsay is the co-founder and CEO of TruckIT, whose experience running Astra Group helped him understand dump truck owner/operator challenges.
How does the integrated Bolton Capital and TruckIT system work?
One Choice submits invoices through TruckIT’s digital e-Ticketing platform, and Bolton Capital’s ticket-matching technology instantly verifies and pays the invoices, creating a seamless transition from job completion to cash in the bank.
What was the personal impact on One Choice’s CEO from this solution?
Nani Bernal reported that for six months prior, he was stressed 24/7 about making payroll and paying drivers and subs, but credits Bolton and TruckIT for making his life easier and providing peace of mind.
What is the broader mission of the Bolton Capital and TruckIT partnership?
Together, the companies are committed to solving one of the bulk hauling industry’s most persistent challenges—cash flow—and empowering haulers to get paid faster, take on more work, and grow their businesses.
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