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More information about Factoring Truckers
At Factoring Truckers 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 Truckers programs.
Factoring Truckers programs offer some of the highest advances and lowest Freight Factoring Rates in the industry. However, there is much more to a successful Factoring Truckers 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 Truckers 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 Truckers 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 Truckers 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 Truckers process
Factoring is a financial transaction whereby a business sells its accounts receivable (invoices) to a Factoring Company at a discount in exchange for immediate cash.
Factoring is different from a bank loan in two significant ways. First, the Factoring Truckers 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 Truckers 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 Truckers. The account debtor is then notified of the sale and then remits payment directly to the Factoring Truckers Lockbox.
There are three integral parts to a factoring transaction.
1. The Fee - This is the amount Factoring Truckers will charge you for the service. Most Factoring Truckers 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 Truckers refer to this service including, Truck Factoring, Freight Bill Factoring, Trucking Factoring, and Freight Invoice Factoring.
At Factoring Truckers we provide our Freight Factoring service to a wide variety of small to mid size companies. We have earned a reputation for providing world-class service to companies who need Factoring lines for their businesses. When searching for Factoring Truckers, look no further than Factoring Truckers.
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 Truckers?
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 Truckers 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 Truckers?
Call 800.280.3335 or Click here
Factoring Truckers provides its service to every type of trucking including:
| Factoring Truckers for Beverages Haulers |
Factoring Truckers for General Freight Carriers |
| Factoring Truckers for Building Materials Trucking |
Factoring Truckers for Heavy Haulers |
| Factoring Truckers for Cargo Tank Carriers |
Factoring Truckers for Heavy Machinery Haulers |
| Factoring Truckers for Chemicals Haulers |
Factoring Truckers for Hot Shot Trucking |
| Factoring Truckers for Coal Coke Trucking |
Factoring Truckers for Intermodal - Dryage Trucking |
| Factoring Truckers for Cold Food Carriers |
Factoring Truckers for Liquid Gas Carriers |
| Factoring Truckers for Concrete |
Factoring Truckers for Livestock Haulers |
| Factoring Truckers for Construction Hauling |
Factoring Truckers for Local Carriers |
| Factoring Truckers for Contract Hauling |
Factoring Truckers for Log Pole Trucking |
| Factoring Truckers for Dispatch Services |
Factoring Truckers for Lowboy Trucking |
| Factoring Truckers for Drop Deck Fleets |
Factoring Truckers for Meat Carriers |
| Factoring Truckers for Dry Bulk Carriers |
Factoring Truckers for Metal Sheet Haulers |
| Factoring Truckers for Dump - Trucking |
Factoring Truckers for Mobile Home Haulers |
| Factoring Truckers for Farm Supply Carriers |
Factoring Truckers for Oilfield Services Fleets |
| Factoring Truckers for Federal & State Contracts |
Factoring Truckers for Paper Products Carriers |
| Factoring Truckers for Flatbed Carriers |
Factoring Truckers for Produce Carriers |
| Factoring Truckers for Freight Agents |
Factoring Truckers for Refrigerated Haulers |
| Factoring Truckers Truckers |
Factoring Truckers for Utility Fleets |
| Factoring Truckers for Freight Forwarders |
Factoring Truckers for Van Fleets |
| Factoring Truckers for Grain Feed Haulers |
Factoring Truckers for Water Well Fleets |
Want to learn more about TranCentral? Call 800.280.3335 or, Click here
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