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More information about Factoring for Freight Brokers
At Factoring for Freight Brokers we understand the Trucking business. We have helped thousands of trucking companies over the years. Our success comes from the fact that we understand that every trucking company has different needs and we customize those needs accordingly through our Factoring for Freight Brokers programs.
Factoring for Freight Brokers programs offer some of the highest advances and lowest Freight Factoring Rates in the industry. However, there is much more to a successful Factoring for Freight Brokers relationship then high advances and low rates. All of our Freight Factoring programs are complemented by our best in class services including Risk Assessment, AR Management, Billing, Collection, Treasury, and 24/7 web reporting.
Factoring for Freight Brokers customers receive a free online subscription to FreebrokerCredit.com, America’s leading Freight broker credit reporting service. This service allows dispatchers the ability to check Freight Broker Credit real time 24 hours a day 7 days a week.
Factoring for Freight Brokers customers can also sign up for the 24-7 Fuel Card. The 24-7 Fuel Card is a NO Hassle service-oriented fuel card accepted at over 10,000 truck stops in United States and Canada. The 24-7 Fuel Card is easy to use, simple to manage, and accepted at Truck stops, Fuel Stops and Travel Centers nationwide.
If you are running 2 trucks or 1000 trucks, Factoring for Freight Brokers customers can take advantage of the all the options the 24-7 fuel card has to offer, including where you can purchase your fuel. The 24-7 Fuel Card is accepted at the leading Truck Stops, Fuel Stops and Travel Centers Nationwide including Flying J, Petro Truck Stops, Pilot Travel Centers, Travel Centers of America, Wilco Hess Travel Plazas, and other fine Truck Stops.
The 24-7 Fuel Card Offers
- Fuel Discounts at major Fuel Stops, Truck Stops and Travel Centers
- Cash Advance Capability at all major Truck Stops, Travel Centers and Fuel Stops
- Daily Reporting
Factoring for Freight Brokers process
Freight Factoring is a financial transaction whereby a business sells its accounts receivable (invoices) to a Freight Factoring Company at a discount in exchange for immediate cash.
Freight Factoring is different from a bank loan in two significant ways. First, the Factoring for Freight Brokers place the emphasis on the value of the receivables, not necessarily the firm’s credit worthiness or fixed assets. Second, factoring is not a loan – it is the purchase of a financial asset (the receivable). The receivable is a financial asset associated with the debtor’s liability to pay money owed to the seller for work performed or goods sold. The seller sells its invoices (the receivables) at a discount to the Factoring for Freight Brokers to obtain the cash needed for day-to-day operations.
The sale of the receivables (or invoice) transfers ownership of the receivables to the Factoring for Freight Brokers. The account debtor is then notified of the sale and then remits payment directly to the Factoring for Freight Brokers Lockbox.
There are three integral parts to a factoring transaction.
1. The Fee - This is the amount Factoring for Freight Brokers will charge you for the service. Most Factoring for Freight Brokers will charge you a Factoring Fee also known as a service charge as well as interest based on how long it takes the debtor to pay.
2. The Advance - This is the percentage of the Face value of the invoice you will be paid upon submission of that invoice.
3. The Reserve - This is the remainder of the total invoice amount held until the payment by the account debtor is made in full.
There are many different ways Factoring for Freight Brokers refer to this service including, Truck Factoring, Freight Bill Factoring, Trucking Factoring, and Freight Invoice Factoring.
At Factoring for Freight Brokers we provide our Freight Factoring service to a wide variety of small to mid size companies. We have earned a reputation for providing world-class service to companies who need Factoring lines for their businesses. When searching for Factoring for Freight Brokers, look no further than Factoring for Freight Brokers.
Banks often call their factoring programs Factoring Loans. Don’t be confused with this statement because factoring your accounts receivables is not a loan. Factoring is simply the sale of your Invoice at a discount to a Freight Factoring Company.
Are you interested in learning more about Factoring for Freight Brokers?
Call today and talk to one of our factoring specialists. Our factoring specialists will give a free consultation on how invoice factoring can help your business succeed. With Factoring for Freight Brokers there is no red tape to cut through or bureaucratic maze to navigate. We make the factoring application process simple and straightforward, and we’ll get you approved in just 5 minutes.
Want to learn more about Factoring for Freight Brokers?
Call 800.280.3335 or Click here
Factoring for Freight Brokers provides its service to every type of trucking including:
| Factoring for Freight Brokers for Beverages Haulers |
Factoring for Freight Brokers for General Freight Carriers |
| Factoring for Freight Brokers for Building Materials Trucking |
Factoring for Freight Brokers for Heavy Haulers |
| Factoring for Freight Brokers for Cargo Tank Carriers |
Factoring for Freight Brokers for Heavy Machinery Haulers |
| Factoring for Freight Brokers for Chemicals Haulers |
Factoring for Freight Brokers for Hot Shot Trucking |
| Factoring for Freight Brokers for Coal Coke Trucking |
Factoring for Freight Brokers for Intermodal - Dryage Trucking |
| Factoring for Freight Brokers for Cold Food Carriers |
Factoring for Freight Brokers for Liquid Gas Carriers |
| Factoring for Freight Brokers for Concrete - Pumping and Delivery |
Factoring for Freight Brokers for Livestock Haulers |
| Factoring for Freight Brokers for Construction Hauling |
Factoring for Freight Brokers for Local Carriers |
| Factoring for Freight Brokers for Contract Hauling |
Factoring for Freight Brokers for Log Pole Trucking |
| Factoring for Freight Brokers for Dispatch Services |
Factoring for Freight Brokers for Lowboy Trucking |
| Factoring for Freight Brokers for Drop Deck Fleets |
Factoring for Freight Brokers for Meat Carriers |
| Factoring for Freight Brokers for Dry Bulk Carriers |
Factoring for Freight Brokers for Metal Sheet Haulers |
| Factoring for Freight Brokers for Dump - Trucking |
Factoring for Freight Brokers for Mobile Home Haulers |
| Factoring for Freight Brokers for Farm Supply Carriers |
Factoring for Freight Brokers for Oilfield Services Fleets |
| Factoring for Freight Brokers for Federal & State Contracts |
Factoring for Freight Brokers for Paper Products Carriers |
| Factoring for Freight Brokers for Flatbed Carriers |
Factoring for Freight Brokers for Produce Carriers |
| Factoring for Freight Brokers for Freight Agents |
Factoring for Freight Brokers for Refrigerated Haulers |
| Factoring for Freight Brokers for Freight Brokers |
Factoring for Freight Brokers for Utility Fleets |
| Factoring for Freight Brokers for Freight Forwarders |
Factoring for Freight Brokers for Van Fleets |
| Factoring for Freight Brokers for Grain Feed Haulers |
Factoring for Freight Brokers for Water Well Fleets |
Want to learn more about TranCentral? Call 800.280.3335 or, Click here
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