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