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Our customers tell us that our combination of low rates and exceptional
service makes us the best choice in the trucking industry for factoring
services.
One of the biggest advantages of freight factoring
your accounts receivable is that you are able to take on more work
and better paying loads. Have you had to settle for low paying loads
in order to get paid within a couple of weeks? Factoring allows you to take better paying
accounts without having to worry about how fast they pay.
Freight Factoring your freight bills through us will provide immediate
cash flow for your freight invoices, giving your company cash for
operating expenses. Once established as a client you will receive
payment within 12-24 hours! We serve Owner/Operators and small to
medium sized fleets.
With over 100 years combined
experience in factoring for the trucking industry, we understand that
you must pay fuel, payroll and other expenses on a daily or weekly basis
while waiting 30 to 60 for payment from their customers.
We also
provide personalized service; you have one dedicated person and his or her
assistant who handle your account. Unlike the others, you don't have to
start over each time you call with a new person. We are seasoned
professionals with an average of 11 years industry experience per
account executive (Well above the factoring industry
norm!)
We have 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!
Fast and Easy Setup. Set up your account in 3 to 5
working days
More Benefits -Advances are made via wire or
direct deposit into your bank or fuel account -Funding within 12-24 hours -Free & Quick credit
checks for prospective customers -No minimum invoice fees. -No Long
Term Contracts -No Check Clearance Days -Low factoring fees -High
advances 90% to 97% -You select the accounts to factor -24/7 Online
account management tools You have access to your account
information around the clock. Our online services let you view your
reports and collection activity updated daily. You can even printout an
entire customer list on our online system. These are just some of the
ways we are committed to helping your trucking company run smoothly.
Credit Expertise With our truck factoring company you have
access to trucking industry credit experts at your fingertips. We share
our expertise with you at no cost to minimize your chances of hauling
for a poor or uncollectable customer.
We understand timing is everything
when it comes to securing new loads. You may chose to call, fax or email
our office with a credit request and you will receive a timely
response. We approve all types of customers including brokers, shippers,
haulers and manufacturing companies nationwide.
Some Factoring
Companies require your customers to be on their approved list. If the
customer is not on the list the factor or doesn't have published credit the
customer is denied. We will research new customers by checking both bank
& trade references.
Full Truck Factoring administrative
support -
including credit management, invoicing, collections, account reporting, expense
reporting, fuel card management and much more!
Get Your Cash Today
Call
our trucking specialists at
1-866-593-2195 or
Email Us
or complete the
OnLine Truck
Factoring Request Form
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Why You
Will Benefit By Using Our Freight Factoring Services
HIGHEST CASH
ADVANCES (up to 97%) We offer the highest advances in the truck factoring
industry. How? Because we use our own money.
The others are restricted by their banks
LOWEST TRUCK FACTORING RATES Truck Factoring leader; We have the lowest
factoring rates in the industry How? Because we use our
own money. The others are restricted by their banks.
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 ANNUAL TERM FACTORING CONTRACT
REQUIRED Other truck 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.
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
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More Freight Factoring Information For The Trucking Industry
Factoring
is especially appealing to young and rapidly growing companies. Since the
process shortens their business cycle, these businesses can grow faster. The
ability to make more products to sell while waiting for invoices to be paid is
largely eliminated. Such businesses usually net much more profit with factoring
than without, even when the discount is considered.
Factoring
vs. Bank Loans
So,
why not simply go over to the friendly banker for a loan to alleviate cash flow
problems? A loan can be difficult if not impossible to receive, especially for
a young, high-growth operation, because bankers are not expected to decrease
lending restrictions soon. The relationships between businesses and their
bankers are not as strong or as dependable as they used to be.
The
impact of a loan is much different than that of the factoring process on a
business. A loan places a debt on your business balance sheet, which costs you
interest. By contrast, factoring puts money in the bank without the creation of
any obligation. Frequently, the factoring discount will be less than the
current loan interest rate.
Loans
are largely dependent on the borrower's financial soundness, whereas factoring
is more interested in the soundness of the client's customers and not the client's
business itself. This is a real plus for new businesses without established
track records.
There
are many situations where factoring can help a business meet its cash flow
needs. It provides a continuing source of operating capital without incurring
debt, which can result in growth opportunities that dramatically increase the
bottom line. Virtually any business can benefit from factoring as part of its
overall operating philosophy.
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