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