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