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