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