Factoring Truck Companies

Welcome to Factoring Truck Companies. We specialize in providing innovative Freight Factoring solutions to meet the needs of small to mid-sized Trucking Companies all across the United States.

Factoring Truck Companies provides Freight Factoring lines of Credit to trucking companies with fleet sizes ranging from 2 trucks all the way up to 1000 trucks. Our Carriers come from virtually every trucking segment imaginable.

At Factoring Truck Companies, we distinguish ourselves from other Factoring Truck Companies with our “Get it Done” culture.  We challenge our staff to find innovative solutions to meet our customer’s factoring needs. We understand Trucking!

Freight Factoring programs are custom tailored for you by our highly trained Factoring Truck Companies advisors using our exclusive “Fast Track” approval system. In most cases we can provide you with one or more Freight Factoring solutions and a rate quotes in just 5 Minutes. 

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More information about Factoring Truck Companies

Factoring Truck Companies is a leading Freight Factoring Company serving the region.  Factoring Truck Companies provides Factoring and Accounts Receivable Financing options for Trucking Fleets that haul a wide variety of cargo.

At Factoring Truck 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 Truck Companies programs.

Factoring Truck 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 Truck 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 Truck 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 Truck 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 Truck 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

• 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 Truck 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 Truck 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 Truck 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 Truck Companies. The account debtor is then notified of the sale and then remits payment directly to the Factoring Truck Companies Lockbox.

There are three integral parts to a factoring transaction.
1. The Fee - This is the amount Factoring Truck Companies will charge you for the service. Most Factoring Truck 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 Truck Companies refer to this service including, Truck Factoring, Freight Bill Factoring, Trucking Factoring, and Freight Invoice Factoring.

At Factoring Truck 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 Truck Companies, look no further than Factoring Truck 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 Truck 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 Truck 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 Truck Companies? Call 800.280.3335 or Click here

Factoring Truck Companies provides service to every type of trucking company including:

Factoring Truck Companies for Beverage Haulers	Factoring Truck Companies for General Freight Carriers
Factoring Truck Companies for Building Materials Trucking	Factoring Truck Companies for Heavy Haulers
Factoring Truck Companies for Cargo Tank Carriers	Factoring Truck Companies for Heavy Machinery Haulers
Factoring Truck Companies for Chemicals Haulers	Factoring Truck Companies for Hot Shot Trucking
Factoring Truck Companies for Coal Coke Trucking	Factoring Truck Companies for Intermodal - Dryage Trucking
Factoring Truck Companies for Cold Food Carriers	Factoring Truck Companies for Liquid Gas Carriers
Factoring Truck Companies for Concrete - Pumping and Delivery	Factoring Truck Companies for Livestock Haulers
Factoring Truck Companies for Construction Hauling	Factoring Truck Companies for Local Carriers
Factoring Truck Companies for Contract Hauling	Factoring Truck Companies for Log Pole Trucking
Factoring Truck Companies for Dispatch Services	Factoring Truck Companies for Lowboy Trucking
Factoring Truck Companies for Drop Deck Fleets	Factoring Truck Companies for Meat Carriers
Factoring Truck Companies for Dry Bulk Carriers	Factoring Truck Companies for Metal Sheet Haulers
Factoring Truck Companies for Dump - Trucking	Factoring Truck Companies for Mobile Home Haulers
Factoring Truck Companies for Farm Supply Carriers	Factoring Truck Companies for Oilfield Services Fleets
Factoring Truck Companies for Federal & State Contracts	Factoring Truck Companies for Paper Products Carriers
Factoring Truck Companies for Flatbed Carriers	Factoring Truck Companies for Produce Carriers
Factoring Truck Companies for Freight Agents	Factoring Truck Companies for Refrigerated Haulers
Factoring Truck Companies for Freight Brokers	Factoring Truck Companies for Utility Fleets
Factoring Truck Companies for Freight Forwarders	Factoring Truck Companies for Van Fleets
Factoring Truck Companies for Grain Feed Haulers	Factoring Truck Companies for Water Well Fleets

Want to learn more about TranCentral? Call 800.280.3335 or, Click here

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