Our customers say we provide
upfront and excellent service. 

"I tried several factoring companies, but none of them were able to help. Too many restrictions and confusing documents.
You walked me through the steps clearly, no mumbo-jumbo,and within a week you funded us. We have been with you for about two years and you have made it easy for our company to increase its sales by 50%. Thank you so much!"
Erwin-Owner

Factoring Process

You begin by filling out a simple client profile,
which we will provide you.
This profile will cover basics such as your company's
name and address, the nature of your
business, and information about your customers.

You may need to supply an accounts
receivable aging report, existing customers'
credit limits, or other related documents.
Remember the factor will attempt to determine the creditworthiness of your customers
independent of their credit history with
your business. We want a broader view of their
overall credit status.

During this initial stage you will also cover
basic financial arrangements with the factor.
For instance, what will be the monthly
volume of invoices you want to factor
(i.e. how liquid do you need to be)?
What will the advance rate and
the discount rate be? How quickly will
the factor issue the advance to you?

In most cases, the answers to these
questions will vary depending on the
financial strength of your customer(s)
and the anticipated monthly sales
volume to be factored. Variations
between industries, length of time in operation,
and general reputation of how risky a
customer of yours may be. For instance,
a long list of high-risk clients will cost
you more in factoring fees than a
short list of government agencies
with a slow-pay history.

In the factoring business, volume is all important. The higher your volume(the dollar amount of invoices you factor), the more favorable your rates will be.

The factor will use the client profile you submit to determine if your business is suitable for factoring. This process is simply the factor analyzing the risks versus the rewards, using the information you provided.

Once approved, you can expect to negotiate terms and conditions. The negotiation process takes several aspects of the deal into consideration. For instance, if you want to factor $10,000, you can't expect as good a deal as a company that wants to factor $500,000.

During the negotiation process, you will become well aware of what it costs to factor your accounts receivable. After you reach an agreement with the factor, the funding wheels begin to roll. The factor conducts due diligence by researching your customers' credit and any liens placed against your company. The factor also confirms the legitimacy of your invoice before buying your receivables and advancing cash to you





Here Are Just Some Of The Reasons You Will Benefit By Allowing Us To Help You:

HIGHEST CASH
ADVANCES (up to 97%)
We offer the highest advances in the
trucking factoring industry. 
How can we offer such advance rates? 
By using our own money in tandem with our
stellar banking relationship.

NO ANNUAL TERM FACTORING
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. With us, factor only
what you choose

LOWEST TRUCKING FACTORING RATES
Factoring trucking leader;
We have the lowest trucking factoring
rates in the industry  

70 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.

24/7 Online account management tools
Our online services let you view
your reports and collection activity updated daily.

Call our
Trucking
Factoring Specialists at

Toll Free:  800-986-1859

On-Line Factoring
Request Form

Email Us

 

No Catches and
No Gimmicks.
We have been providing factoring services for decades: creatively, dependably, and with the
utmost professionalism.

Beware of firms advertising "no risk" contracts and teaser rates. This is what happens: the factoring company offers a teaser rate of something very low for the first 30
days such as 1/2% for 30 days from the date of invoice and then it goes up from there.

What happens is that rate is never realized because their mail room becomes slow (delaying collections), payment postings are delayed to ensure NO invoices are paid within the initial 30 day period and the rate always ends up being higher than what you anticipated due to the delays.  

Chances are you won't be able to identify these tricks as early as 30 days into the contract and now you are stuck in a long-term contract with penalizing exit fees.

Don't Fall For This!