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More information about Factoring for Truck Fleets
At Factoring for Truck Fleets 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 Truck Fleets programs.
Factoring for Truck Fleets 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 Truck Fleets 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 Truck Fleets 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 Truck Fleets 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 Truck Fleets 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 Truck Fleets process
Factoring is a financial transaction whereby a business sells its accounts receivable (invoices) to a Factoring Company at a discount in exchange for immediate cash.
Factoring is different from a bank loan in two significant ways. First, the Factoring for Truck Fleets 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 Truck Fleets 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 Truck Fleets. The account debtor is then notified of the sale and then remits payment directly to the Factoring for Truck Fleets Lockbox.
There are three integral parts to a factoring transaction.
1. The Fee - This is the amount Factoring for Truck Fleets will charge you for the service. Most Factoring for Truck Fleets 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 Truck Fleets refer to this service including, Truck Factoring, Freight Bill Factoring, Trucking Factoring, and Freight Invoice Factoring.
At Factoring for Truck Fleets 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 Truck Fleets, look no further than Factoring for Truck Fleets.
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 Truck Fleets?
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 Truck Fleets 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 Truck Fleets?
Call 800.280.3335 or Click here
Factoring for Truck Fleets provides its service to every type of trucking including:
| Factoring for Truck Fleets for Beverages Haulers |
Factoring for Truck Fleets for General Freight Carriers |
| Factoring for Truck Fleets for Building Materials Trucking |
Factoring for Truck Fleets for Heavy Haulers |
| Factoring for Truck Fleets for Cargo Tank Carriers |
Factoring for Truck Fleets for Heavy Machinery Haulers |
| Factoring for Truck Fleets for Chemicals Haulers |
Factoring for Truck Fleets for Hot Shot Trucking |
| Factoring for Truck Fleets for Coal Coke Trucking |
Factoring for Truck Fleets for Intermodal - Dryage Trucking |
| Factoring for Truck Fleets for Cold Food Carriers |
Factoring for Truck Fleets for Liquid Gas Carriers |
| Factoring for Truck Fleets for Concrete |
Factoring for Truck Fleets for Livestock Haulers |
| Factoring for Truck Fleets for Construction Hauling |
Factoring for Truck Fleets for Local Carriers |
| Factoring for Truck Fleets for Contract Hauling |
Factoring for Truck Fleets for Log Pole Trucking |
| Factoring for Truck Fleets for Dispatch Services |
Factoring for Truck Fleets for Lowboy Trucking |
| Factoring for Truck Fleets for Drop Deck Fleets |
Factoring for Truck Fleets for Meat Carriers |
| Factoring for Truck Fleets for Dry Bulk Carriers |
Factoring for Truck Fleets for Metal Sheet Haulers |
| Factoring for Truck Fleets for Dump - Trucking |
Factoring for Truck Fleets for Mobile Home Haulers |
| Factoring for Truck Fleets for Farm Supply Carriers |
Factoring for Truck Fleets for Oilfield Services Fleets |
| Factoring for Truck Fleets for Federal & State Contracts |
Factoring for Truck Fleets for Paper Products Carriers |
| Factoring for Truck Fleets for Flatbed Carriers |
Factoring for Truck Fleets for Produce Carriers |
| Factoring for Truck Fleets for Freight Agents |
Factoring for Truck Fleets for Refrigerated Haulers |
| Factoring for Truck Fleets for Truck Fleets |
Factoring for Truck Fleets for Utility Fleets |
| Factoring for Truck Fleets for Freight Forwarders |
Factoring for Truck Fleets for Van Fleets |
| Factoring for Truck Fleets for Grain Feed Haulers |
Factoring for Truck Fleets for Water Well Fleets |
Want to learn more about TranCentral? Call 800.280.3335 or, Click here
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