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More information about Factoring for Trucking Companies
Factoring for Trucking Companies is a leading Freight Factoring Company serving the region. Factoring for Trucking Companies provides Factoring and Accounts Receivable Financing options for Trucking Fleets that haul a wide variety of cargo.
At Factoring for Trucking Companies 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 Trucking Companies programs.
Factoring for Trucking Companies 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 Trucking Companies 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 Trucking Companies 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 Trucking Companies 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 Trucking Companies 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
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Fuel Discounts at major Fuel Stops, Truck Stops and Travel Centers
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Cash Advance Capability at all major Truck Stops, Travel Centers and Fuel Stops
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Daily Reporting
Factoring for Trucking Companies 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 Trucking Companies 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 Trucking Companies 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 Trucking Companies. The account debtor is then notified of the sale and then remits payment directly to the Factoring for Trucking Companies Lockbox.
There are three integral parts to a factoring transaction.
1. The Fee - This is the amount Factoring for Trucking Companies will charge you for the service. Most Factoring for Trucking Companies 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 Trucking Companies refer to this service including, Truck Factoring, Freight Bill Factoring, Trucking Factoring, and Freight Invoice Factoring.
At Factoring for Trucking Companies we provide our Freight Factoring service to a wide variety of small to mid-sized 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 Trucking Companies, look no further than Factoring for Trucking Companies.
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 Trucking Companies?
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 Trucking Companies 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 Trucking Companies? Call 800.280.3335 or Click here
Factoring for Trucking Companies provides its service to every type of trucking company including:
| Factoring for Trucking Companies for Beverages Haulers |
Factoring for Trucking Companies for General Freight Carriers |
| Factoring for Trucking Companies for Building Materials Trucking |
Factoring for Trucking Companies for Heavy Haul Trucking |
| Factoring for Trucking Companies for Cargo Tank Carriers |
Factoring for Trucking Companies for Heavy Machinery Trucking |
| Factoring for Trucking Companies for Chemicals Haulers |
Factoring for Trucking Companies for Hot Shot Carriers |
| Factoring for Trucking Companies for Coal Coke Fleets |
Factoring for Trucking Companies for Intermodal - Dryage |
| Factoring for Trucking Companies for Cold Food Haulers |
Factoring for Trucking Companies for Liquid Gas Carriers |
| Factoring for Trucking Companies for Concrete |
Factoring for Trucking Companies for Livestock Carriers |
| Factoring for Trucking Companies for Construction Delivery |
Factoring for Trucking Companies for Local Trucking |
| Factoring for Trucking Companies for Contract Hauling |
Factoring for Trucking Companies for Log Pole Trucking |
| Factoring for Trucking Companies for Dispatch Services |
Factoring for Trucking Companies for Lowboy Fleets |
| Factoring for Trucking Companies for Drop Deck Carriers |
Factoring for Trucking Companies for Meat Haulers |
| Factoring for Trucking Companies for Dry Bulk Fleets |
Factoring for Trucking Companies for Metal Sheet Carriers |
| Factoring for Trucking Companies for Dump - Trucking |
Factoring for Trucking Companies for Mobile Home Haulers |
| Factoring for Trucking Companies for Farm Supply Delivery |
Factoring for Trucking Companies for Oilfield Services |
| Factoring for Trucking Companies for Federal & State Contracts |
Factoring for Trucking Companies for Paper Products Carriers |
| Factoring for Trucking Companies for Flatbed Carriers |
Factoring for Trucking Companies for Produce Carriers |
| Factoring for Trucking Companies for Freight Agents |
Factoring for Trucking Companies for Refrigerated Haulers |
| Factoring for Trucking Companies for Freight Brokers |
Factoring for Trucking Companies for Utility Fleets |
| Factoring for Trucking Companies for Freight Forwarder |
Factoring for Trucking Companies for Van Carriers |
| Factoring for Trucking Companies for Grain Feed Delivery |
Factoring for Trucking Companies for Water Well Trucking |
Want to learn more about TranCentral?
Call 800.280.3335 or,
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