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