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More information about Invoices Factoring for Trucking Companies
At Invoices Factoring for Trucking 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 Invoices Factoring for Trucking Companies programs.
Invoices Factoring for Trucking Companies programs offer some of the highest advances and lowest Freight Factoring Rates in the industry. However, there is much more to a successful Invoices Factoring for Trucking 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.
Invoices Factoring for Trucking 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.
Invoices Factoring for Trucking 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, Invoices Factoring for Trucking 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
Invoices Factoring for Trucking Companies process
Invoice Factoring is a financial transaction whereby a business sells its accounts receivable (invoices) to a Invoice Factoring Company at a discount in exchange for immediate cash.
Invoice Factoring is different from a bank loan in two significant ways. First, the Invoices Factoring for Trucking 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 Invoices Factoring for Trucking 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 Invoices Factoring for Trucking Companies. The account debtor is then notified of the sale and then remits payment directly to the Invoices Factoring for Trucking Companies Lockbox.
There are three integral parts to a factoring transaction.
1. The Fee - This is the amount Invoices Factoring for Trucking Companies will charge you for the service. Most Invoices Factoring for Trucking 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 Invoices Factoring for Trucking Companies refer to this service including, Truck Factoring, Freight Bill Factoring, Trucking Factoring, and Freight Invoice Factoring.
At Invoices Factoring for Trucking 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 Invoices Factoring for Trucking Companies, look no further than Invoices Factoring for Trucking 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 Invoices Factoring for Trucking Companies?
Call today and talk to one of our factoring specialists. Our Invoice Factoring specialists will give a free consultation on how invoice factoring can help your business succeed. With Invoices Factoring for Trucking 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 Invoices Factoring for Trucking Companies?
Call 800.280.3335 or Click here
Invoices Factoring for Trucking Companies provides its service to every type of trucking including:
| Invoices Factoring for Trucking Companies for Beverages Haulers |
Invoices Factoring for Trucking Companies for General Freight Haul |
| Invoices Factoring for Trucking Companies for Building Materials |
Invoices Factoring for Trucking Companies for Heavy Haulers |
| Invoices Factoring for Trucking Companies for Cargo Tank Carriers |
Invoices Factoring for Trucking Companies for Heavy Machinery |
| Invoices Factoring for Trucking Companies for Chemicals Haulers |
Invoices Factoring for Trucking Companies for Hot Shot Trucking |
| Invoices Factoring for Trucking Companies for Coal Coke Trucking |
Invoices Factoring for Trucking Companies for Intermodal |
| Invoices Factoring for Trucking Companies for Cold Food Carriers |
Invoices Factoring for Trucking Companies for Liquid Gas Carriers |
| Invoices Factoring for Trucking Companies for Concrete |
Invoices Factoring for Trucking Companies for Livestock Haulers |
| Invoices Factoring for Trucking Companies for Construction Hauling |
Invoices Factoring for Trucking Companies for Local Carriers |
| Invoices Factoring for Trucking Companies for Contract Hauling |
Invoices Factoring for Trucking Companies for Log Pole Trucking |
| Invoices Factoring for Trucking Companies for Dispatch Services |
Invoices Factoring for Trucking Companies for Lowboy Trucking |
| Invoices Factoring for Trucking Companies for Drop Deck Fleets |
Invoices Factoring for Trucking Companies for Meat Carriers |
| Invoices Factoring for Trucking Companies for Dry Bulk Carriers |
Invoices Factoring for Trucking Companies for Metal Sheet Haulers |
| Invoices Factoring for Trucking Companies for Dump - Trucking |
Invoices Factoring for Trucking Companies for Mobile Home Haulers |
| Invoices Factoring for Trucking Companies for Farm Supply Carriers |
Invoices Factoring for Trucking Companies for Oilfield Services |
| Invoices Factoring for Trucking Companies for Federal & State |
Invoices Factoring for Trucking Companies for Paper Products |
| Invoices Factoring for Trucking Companies for Flatbed Carriers |
Invoices Factoring for Trucking Companies for Produce Carriers |
| Invoices Factoring for Trucking Companies for Freight Agents |
Invoices Factoring for Trucking Companies for Refrigerated Haulers |
| Invoices Factoring for Trucking Companies for Freight Invoices |
Invoices Factoring for Trucking Companies for Utility Fleets |
| Invoices Factoring for Trucking Companies for Freight Forwarders |
Invoices Factoring for Trucking Companies for Van Fleets |
| Invoices Factoring for Trucking Companies for Grain Feed Haulers |
Invoices Factoring for Trucking Companies for Water Well Fleets |
Want to learn more about TranCentral? Call 800.280.3335 or, Click here
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