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