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