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