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