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