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