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Turn Your Freight Bills Into Cash in 3 Easy
Steps
-1-
Contact Us -2- Send Us Your Freight
Bills -3-
Take Your Cash
Call our Freight Factoring Specialists
at 1-866-593-2195 or Email Us or complete the OnLine Freight Factoring Company Request
Form
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 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.
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 freight 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 freight bill factoring 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 Freight 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 freight factoring 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 Company 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 FREIGHT FACTORING COMPANY 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 FREIGHT 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
More Factoring Information
Factoring
has an ironic distinction: It is the financial backbone of many ofAmerica's most
successful businesses. Why is this ironic? Because factoring is not taught in
business colleges, is seldom mentioned in business plans and is relatively
unknown to the majority of American business people. Yet it is a financial
process that frees up billions of dollars every year, enabling thousands of
businesses to grow and prosper.Factoring
has been around for thousands of years. Factors are investors who pay cash for
the right to receive the future payments on your invoices.
An
unpaid receivable or invoice has value. It is a debt your customer has agreed
to pay in the near future.
Factoring
Principals
Although
account receivable factoring deals exclusively with business-to-business transactions, a large
percentage of the retail business uses a factoring principal. MasterCard, Visa,
and American Express all use a form of factoring in their retail transactions.
Using the purest definition of the word, these large consumer finance companies
are really just large factors of consumer paper.
Think
about it: You make a purchase at Sears and charge it to your MasterCard. The
store gets paid almost immediately, even though you do not make payment until
you are ready. For this service, the credit card company charges Sears a fee
(typical fees range from two to four percent of the sale).
The
Benefits
Freight Factoring
can offer many benefits to cash-hungry companies. Rather than wait 30, 60, 90
days or longer for payment on a product or service that has already been
delivered, a business can factor (sell) its receivables for cash at a small
discount off the amount of the invoice.
Payroll,
marketing efforts, and working capital are just a few of the business needs
that can be met with this instant cash.
Factoring
provides the means for a manufacturer to replenish inventory and make more
products to sell: There is no longer a need to wait for earlier sales to be
paid. Factoring is not just a cash management tool for manufacturers: Almost
any type of business can benefit from factoring.
Generally,
a business that extends credit will have 10 to 20 percent of its annual sales
tied up in accounts receivable at any given time. Think for a moment about how
much money is tied up in 60 days’ worth of invoices: You cannot pay the power
bill or this week's payroll with a customer's invoice, but you can sell that
invoice for the cash to meet those obligations.
Factoring
is a fast and easy process. The factor buys the invoice at a discount, usually
a few percentage points less than the face value of the invoice.
More Freight Factoring Information
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