trucking factoring

 

 

 

 

 

 

 

 

 

Truckers Choose Us
Again and Again

We have been providing trucking 
factoring services
nationwide for decades
and have clients in hundreds of industries.
We understand that to be successful
in Trucking, you need cash.


Cash for
 payroll,  overhead expenses,
taxes or simply relieve the financial burden
experienced during rapid growth periods


As a client you are assigned one
account administrator who will personally
handle all of your account activity
and inquiries.
This gives us the ability to buy
your receivables and get the
money to you within 12 to 24 hours.

Having one person look after
your account also makes it easy
for you to decide which invoices
you are going to sell and when
you want to sell those invoices.


More Reasons Why
Trucking Companies

Choose Our Factoring Services

circle03_skyblue.gif Same Day Funding

circle03_skyblue.gif Advance Rates that Exceed
  Industry Norms by 20%

   We offer cash advance rates up to 97%
   The typical maximum in the industry
   is 80%.
   We can offer you higher advances because
   of our unique financing capabilities


circle03_skyblue.gif Flexible Contracts-
   We provide you with contracts
   that meet your cash flow needs,not ours.
   

   Unlike the others, we do not make
   you sign long-term contracts and we don't
   charge you fees when you are inactive.

circle03_skyblue.gif Invoice Processing
   Not only can we offer you the most
   advanced technolgy but we also maintain
   the old-fashioned systems because
   every client has different needs.

   Unlike the Others, our objective here
   is not to force you to conform to us,
   but to get you the cash you need
   in the quickest and most
   efficient manner.

circle03_skyblue.gif Credit Management Services
  at No Extra Cost
   We provide credit analysis on both
   new and existing accounts. 
   We actually pull credit reports
   from various reporting services that
   we contract with and report back
   to you as to whether or not
   they are creditworthy

circle03_skyblue.gif Experienced Account Managers
   
We are seasoned professionals with
   an average of 11years industry
   experience per
account executive.   
   (Well above the factoring industry
   norm of 2 years)

circle03_skyblue.gif Personalized Service
   You have one dedicated person and his
   or her assistant who handle your account.
 
   Unlike the others, with us you don't
   have to start over each time you call 
   with a new person

circle03_skyblue.gif Please contact us today
   and our seasoned factoring
   specialists will help you
   get the cash you need TODAY

1-800-986-1854

Email Us

or complete the
On-Line Factoring Request Form

 

 

Freight Bill Factoring Home Page

Accounts Receivable Factoring Home Page
Accounts Receivable Factoring Benefits
Accounts Receivable Factoring Testimonials
Accounts Receivable Factoring Process
Accounts Receivable Factoring Examples
TruckFactoring Home Page

More Truck Factoring Information


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  • Why
    Trucking Companies
    Choose Us
     

    HIGHEST CASH
    ADVANCES (up to 97%)

    We offer the highest
    advances in the
    trucking factoring industry. 
    How?

    Because of our unique
    financing capabilities

    NO ANNUAL TERM
    CONTRACT REQUIRED

    Other trucking factoring
    companies
    require you to
    sign a restrictive contract
    that ranges from 6 months
    to 1 year or longer.
    And they require you factor
    with them during that
    entire time.


    LOWEST TRUCKING
    FACTORING RATES

    Factoring trucking leader;
    We have the lowest
    trucking factoring rates
    in the industry
     
    How?

    Because of our unique
    financing capabilities


    100 YEARS
    COMBINED EXPERIENCE

    With over 100 years
    combined experience in
    factoring for the trucking industry.
    Our knowledge and experience enables us to
    have a working
    understanding of the unique demands you face each day.

     


    NO MINIMUM DOLLAR
    AMOUNT FOR EACH INVOICE.

    You may factor all of your
    accounts or you may choose to factor only a few. In other
    words, you can customize
    your own account!


    24/7 Online account
    management tools

    Our online services let
    you view your reports and
    collection activity updated daily.


    Startup companies
    are welcome. 

    Startups Are Our Specialty!
    Did you just get your
    authority? Going out on
    your own after being
    leased on?  If your trucking
    company is just getting started, you've come to the right place.
    We can help you identify quality customers, strengthen your
    credit with positive cashflow,
    and have our account managers professionally represent your company.

    Fuel Cards
    You can continue using your established Fuel Card account or we are happy to provide you Fuel Card resources.

    Here is our progam.
    Fuel/Debit Card Program Details

    circle03_skyblue.gif The fuel card is accepted as cash at all locations.

    circle03_skyblue.gif 40,000 available locations, including Flying J, Petro, Pilot, Travel Centers, Wilco, and Loves.

    circle03_skyblue.gif Special Negotiated fuel rebates with Petro and Pilot ($.01 per gallon).

    circle03_skyblue.gif The capabilities of the program are endless. The card(s) may be used for fuel purchases, cash, oil / additives, tire purchases and repairs, minor truck repairs, truck washes, oil changes, etc. The program is customized to fit your special needs.

    circle03_skyblue.gif Low transaction fee that remains the same no matter the product being purchased, the dollar amount of the transaction or the location of purchase.

    circle03_skyblue.gif Detailed daily or weekly reports for expense and driver tracking & web access upon request.

    circle03_skyblue.gif Your account is assigned a Personal Identification Number (PIN), which allows 24-hour access to your account.

    circle03_skyblue.gif Superior personalized customer service directly from our experienced staff

     

     


    Additional Factoring Information For  Trucking Companies
    The difference between factoring and other sources of financing is that the factor actually purchases and tracks commercial invoices.  In addition to providing immediate cash on invoices, the factor performs valuable credit analysis on new and existing customers and conducts professional, routine follow up on invoices as they become due.  

     freight factoring
    truck factoring
    freight factoring company
    freight bill factoring

    For the business manager who spends a good portion of the day collecting, bookkeeping and searching for capital, the entire factoring package offers peace of mind.  The manager can actually focus on important aspects of the business that are often pushed aside, such as marketing and production.

     

    Depending on the agreement, businesses can pick and choose which invoices they wish to sell to the factor, who immediately advances eighty percent or more of the face value of the invoices.  The balance of the funds, less the discount fee, is released once the invoice is collected.  

     

    The cost of doing business with a freight factoring company is the discount taken on the invoices submitted for funding.  Fees range from 3 to 9 percent, depending on volume, credit-worthiness of the customers sold and overall risk.  The discount taken is best compared to a merchant accepting a Visa or MasterCard transaction and receiving immediate payment, less a percentage or discount, before the actual cardholder has paid his or her monthly statement. 

     

    Setting up a factoring relationship is quick and easy in comparison to other forms of financing.  Applications simply call for basic company information and a customer list.  Years of profitability are not required which makes factoring an option for startups generating receivables.  It is possible that funding can occur in as little as a couple of days after the receipt of the application and invoices.

     

    Each factor operates slightly different.  It is important to understand which programs  provide the greatest benefits and at the least cost. Several criteria should be addressed  when searching for a reputable factor.   Are there setup fees, maintenance fees or penalty fees? Is there a long term contract? Are there monthly minimums? Does the factor provide credit and collection services at no additional charge? What accounting reports will the factor supply?  What value-added services does it provide?