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