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