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