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.
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.
Given the ever increasing operating costs,
many truckers find themselves without
enough cash to fund growth opportunities.
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.
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.
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!
To talk with a member of our sales team,
please contact one of our regional offices at:
Toll Free: 888-266-0197
r
or complete the
On-Line Factoring
Request Form
Additional Freight Factoring Information
Truck Freight factoring-
Provides Alternative Source of Working Capital
Whether you are a machinist operating out of a garage
or a staffing company placing hundreds of workers in the largest firms,
you undoubtedly face cash flow dilemmas from time to time.
The uncomfortable
ritual of making incoming cash receipts stretch
to cover short term obligations frustrates even the most seasoned business managers.
the lowest Freight Factoring rates and the
highest cash advance rates in the country. We are proud of that distinction. One
of the main reasons we have good rates is that we spend the time to customize a
freightFactoring deal that is right for you. You will get the cash you need to
provide the excellent service your customers have come to expect from you.
Having to wait 30 to 60 days to get paid for your freight bills can
be very difficult. If you are working with reputable clients and freight
brokers, we can help you get paid quickly, usually in 24 hours. We work with
trucking companies and freight brokers in the USA and in Canada.
Our
freight bill factoring financing program allows you to turn your slow paying
freight bills into immediate cash - eliminating the wait. We provide you
with the money to make critical payments to drivers and suppliers, while we wait
to get paid by your customer. Freight factoring is very easy to qualify for,
quick to set up and inexpensive to use.
We know trucking. We understand the difficulty of finding good paying freight. We know what it’s like to wait to be paid. Our Freight Factoring service is designed to take the pain out of running a Trucking Fleet. We know who has good freight. We know which Freight Brokers are paying on time. We can help you find those good loads and build your business.
Freight and Truck relationships
(4) cargo, lading, freight, load, loading, payload, shipment, consignment -- (goods carried by a large vehicle)2. (1) freight, freightage -- (transporting goods commercially at rates cheaper than express rates) 3. freight, freightage, freight rate -- (the charge for transporting something by common carrier; "we pay the freight"; "the freight rate is usually cheaper") The verb freight has 2 senses (no senses from tagged texts) 1. freight -- (transport commercially as cargo)
2. freight -- (load with goods for transportation) cargo, lading, freight, load, loading, payload, shipment, consignment -- (goods carried by a large vehicle) => merchandise, ware, product -- (commodities offered for sale; "good business depends on having good merchandise"; "that store offers a variety of products") Sense 2 freight, freightage -- (transporting goods commercially at rates cheaper than express rates) => transportation, shipping, transport --
-- (transportation by air) => navigation -- (ship traffic; "the channel will be open to navigation as soon as the ice melts") => hauling, trucking, truckage -- (the activity of transporting goods by truck) => freight, freightage -- (transporting goods commercially at rates cheaper than express rates) => express, expressage -- (rapid transport of goods) => ferry, ferrying -- (transport by boat or aircraft) hauling, trucking, truckage -- (the activity of transporting goods by truck) => transportation, shipping, transport -- (the commercial enterprise of moving goods and materials) => commercial enterprise, business enterprise, business -- .
In recent years, an
increasing number of truck freight businesses have discovered
that factoring
freight account receivables can combat the ups and downs of
unpredictable
cash flow cycles. More importantly, truck
factors are providing
the small business community with a viable source of
working capital
when conventional financing is not always an
option.
.Providing truck factoring services nationwide
- Over 70 years of factoring
company experience
- Up to 97% Advance Rates
Tired of waiting for your paychecks to arrive? With freight bill factoring,
truckers “sell” their invoices to a freight bill factoring company which pays
the trucker immediately, then handles the collection of payments and accepts the
credit risk for a nominal portion of the trucker’s pay. Working with the freight
bill factoring experts has significant benefits; we pay our
truckers quickly and free them from worry about when and whether their customer
will pay. Our freight bill factoring customers just submit their freight bills
of lading to us and we handle the rest. While many competing freight bill
factoring companies hold back a portion of the driver’s pay until they get paid,
our freight bill factoring program holds back nothing. It’s a fixed rate
percentage and we pay drivers on the day they submit the bill of lading to us.
(the commercial
enterprise of moving goods and materials)1) hauling, trucking, truckage -- (the
activity of transporting goods by truck) The verb truck has 1 sense (first 1
from tagged texts) 1. (1) truck -- (convey (goods etc.) by truck; "truck fresh
vegetables across the mountains") hauling, trucking, truckage -- (the activity
of transporting goods by truck) => transportation, shipping, transport --
(the commercial enterprise of moving goods and materials) hauling, trucking,
truckage -- (the activity of transporting goods by truck) -> transportation,
shipping, transport -- (the commercial enterprise of moving goods and materials)
=> air transportation, air transport >
(the activity of providing goods and services involving
financial and commercial and industrial aspects; "computers are now widely used
in business") => commerce, commercialism, mercantilism -- (transactions
(sales and purchases) having the objective of supplying commodities (goods and
services)) => transaction, dealing, dealings -- (the act of transacting
within or between groups (as carrying on commercial activities); "no
transactions are possible without him"; "he has always been honest is his
dealings with me")
Why Truck Factoring is
Necessary
"A sale is not a sale until you collect the money"
Are you a part -time banker
for your customers?Take a look at
your accounts receivable aging schedule and
count the number
of accounts over 30 days.Congratulations, you are extending
credit to those customers. You are not getting paid for delivering
your
end of the deal in a timely manner and as a result
you are providing the use
of your money to your customer for free.
Not exactly the truck business
you thought you were getting into, is it?
Ask yourself this question: If
those customers of yours went
to a bank, borrowed the same amount of time,
would they expect to pay a substantial
amount of interest for the
privilege?
Of course they would!
Freight bill factoring is easy to use and widely accepted in the transportation industry. Here is how it works: