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