The partnership will immediately fund the PayCargo Line of Credit, which eliminates financial delays contributing to the on-going supply chain crisis, Paycargo said in a statement.
Paycargo Capital, Evolve Bank to help reduce SCM crisis
PayCargo Capital has signed a lending deal with Evolve Bank & Trust (Evolve) allowing freight forwarders (FFs) and beneficial cargo owners (BCOs) to apply for and receive credit at the point of paying freight costs.
The partnership will immediately fund the PayCargo Line of Credit, which eliminates financial delays contributing to the on-going supply chain crisis, Paycargo said in a statement.
PayCargo Capital is the exclusive lending partner to users of PayCargo, LLC’s payment platform for vital remittance information between payers and transportation-related vendors. PayCargo has over 67,000 active users remitting and receiving payments.
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