Trucking Factoring Companies
A Breakthrough Freight Bill Factoring Company
Offering Factoring Programs Tailored
to Make You More Money
We Can Offer to You What other can't
Unlike other factoring companies ,our program includes the following features at no additional charge:
24 hour funding on approved invoices
- Highest advance rates in the industry
- Credit analysis on new and existing customers
- Continuous collection management and follow up on factored invoices
- Invoice and statement mailing (postage included)
- Account status inquiries anytime ;
- 24/7 online account access.
- We allow you to electronically submit invoices
- Free credit checking on new customers at no additional cost
- Personalized Service - you have one dedicated person and his or her assistant who handle your account. You don't have to start over each time you call
with a new person
- We are seasoned professionals with an average of 10 years factoring industry experience per account executive (Well above the factoring industry norm)
Our flexibility allows you to maintain control:
- You select accounts you prefer to factor on an invoice by invoice basis.
-You control total receivable factoring costs by only factoring on an ; as needed basis.
Up to 97% Advance Rates:
Advance rates are based on overall risk associated with a particular industry as well as experience and track record. We hold reserve accounts to accommodate industries which typically experience dilution and that we would otherwise not be able to service. Advance rates range from 80% to 97% of the gross invoice amount.
Fees are determined based on your industry, the credit worthiness of your customers, how quickly your invoices turn, and monthly factoring volume.
GET YOUR CASH TODAY
Call our factoring specialists at
1 - 866 - 593 - 2195
TruckingFactoringCompanies.COM trucking factoring companies
Trucking Factoring Companies In
What is freight bill factoring ?
Receivable financing, also known as freight bill factoring is a method used by businesses to convert sales on credit terms for immediate cash flow. Financing accounts receivable has become the preferred financial tool in obtaining flexible working capital for businesses of all sizes. The receivable credit line is determined by the financial strength of the customer (Buyer), not the client (The seller of the receivables).
Fast and Easy Setup , Set up your
We specialize in evaluating and financing accounts receivable and can make a prompt decision within a day. This financial solution involves very little underwriting. The approval process is simple and we can expedite initial funding
in 3 to 5 working days. Our clients can enjoy the benefits of our prompt service and begin to use their funds within days of completing an application
Advance / Reserve.
This type of freight bill factoring is by far the
most widely practiced. Upon taking title to invoices, the freight bill factoring companies immediately pays to the client a percentage of their total face value. This payment (called the
advance ) typically falls between 70% and 85%, but may go as low as 50% or less (for example, in the case of construction or third - party medical invoices), or as high as 90%. After successful collection of payment from the account debtors, the factor company subsequently remits the balance of the invoice amount (s) (usually called the reserve ) to the client, minus the factor earned fees.
There service provides the freight bill factoring companies with available funds from which to draw its fees, and furnishes a buffer against defaults by clients and / or account debtors.
Some factors do not hold back a reserve balance, but rather advance the entire invoice face value, less maximum freight bill factoringfees, at the time of purchase. This practice is not widespread, however, since most factors of this type prefer to retain the protection that reserves offer.
Advance / reserve factors generally structure their fees as an initial discount rate (typically ranging between 1. 5% and 5% of invoice face value), followed by subsequent increases scheduled over the length of the actual collection period.
The collection period begins on the day that the factor advances funds to the client (which is not always the same as the invoice date), and is normally divided into windows or time bands of equal duration. Windows most typically occur in 15 - day increments, although 7 -, 10 - or 30 - day increments are not unheard of. The
normally increases by one or two percentage points at each new window.
Freight Bill Factoring Companies in helping in their first years of business, as well as companies that are having tremendous growth and need more cash. freight bill factoring
TruckingFactoringCompanies.COM is a Freight Bill Factoring Companies that Provides a wide range financial services
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"Your factoring has always provided service above and beyond any other company I have dealt with. Our account manager gives us 100% and this is only ONE of the reasons we have chosen to stay with them. "
- L.P., President- security services company
TruckingFactoringCompanies.COM Provides freight bill factoring to all states:
Unlike other Freight Bill Factoring Companies, TruckingFactoringCompanies.COM makes receivable financing easy to obtain with minimal paperwork.
LTL | Brokerage | Warehousing | Livestock | Household Goods | Heavy Haul | Van | Tanker | Refrigerated | Parcel | | Marine | Flatbed
Subhaulers - A subhauler is an owner - operator of a single tractor or may have a fleet of tractors which are leased to prime carriers. A subhauler with a fleet of vehicles may be liable for employment taxes on the drivers of thosevehicles. Income earned is a percentage of the freight bill prepared by the prime carrier.
Porthaulers - An owner - operator whose primary route is to pick up freight from the harbor and to transport the full, sealed container to the terminal of the prime carrier or break - bulk agent. Porthaulers are usually paid a flat rate for each container hauled.
Freight Broker | Freight Forwarder | Shipper's Agent | The shipper's agent is a bonafide agent of the shipper who performs the shipper's transportation function. The shipper's agent arranges for and routes the transportation of goods from one point to another. Other duties may include the settlement of claims and payment of the carrier s freight invoices. Ultimate paymentof freight bills, however, is the responsibility of the shipper.
Freight forwarders usually specialize in the type of freight transported and the type of transportation carriers used. This provides them with expertise in handling the paperwork involved with certain types of transactions.
NO ANNUAL TERM TRUCK FACTORING CONTRACT REQUIRED
Why Trucking Companies
TruckingFactoringCompanies.COM Provides freight bill factoring to all industries:
Trucking Factoring Companies
freight bill 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. More Info.
The impact of a loan is much different than that of the freight bill 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 freight bill factoring discount will be less than the current loan interest rate.
Loans are largely dependent on the borrower financial soundness, whereas freight bill factoring is more interested in the soundness of the client customers and not the client business itself. This is a real plus for new businesses without established track records.
There are many situations where freight bill 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 freight bill factoring as part of its overall operating philosophy.
Every good businessperson must understand the concept and benefits of freight bill factoring in
order to operate as profitably as possible. The following chart can help you understand the differences between freight bill factoring and other sources of funding
companies that use freight bill factoring companies
Oilfield Services That Use freight bill factoring companies in :
Oilfield Trucking Services freight bill factoring companies in :
We are currently providing Freight Bill Factoring Companies services nationwide including the following states: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut,
Delaware, Florida, Georgia, Hawaii, Idaho State, Illinois, Indiana, Iowa,
Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan,
Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New
Jersey, New Mexico, , North Carolina, North Dakota, Ohio, Oklahoma,
Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee,
Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and
Fuel / Debit Card Program Details
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Are We Crazy ?