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