Truck Factoring

Welcome to Truck Factoring. We specialize in providing innovative Freight Factoring solutions to meet the needs of small to mid-sized Trucking Companies all across the United States.

Truck Factoring provides Freight Factoring lines of Credit to trucking companies with fleet sizes ranging from 2 trucks all the way up to 1000 trucks. Our Carriers come from virtually every trucking segment imaginable.

At Truck Factoring, we distinguish ourselves from other Truck Factoring with our “Get it Done” culture.  We challenge our staff to find innovative solutions to meet our customer’s factoring needs. We understand Trucking!

Freight Factoring programs are custom tailored for you by our highly trained Truck Factoring advisors using our exclusive “Fast Track” approval system. In most cases we can provide you with one or more Freight Factoring solutions and a rate quotes in just 5 Minutes. 

Want to learn more? Please Call 800.280.3335

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More information about Truck Factoring

Truck Factoring is a leading Freight Factoring Company serving the region.  Truck Factoring provides Factoring and Accounts Receivable Financing options for Trucking Fleets that haul a wide variety of cargo.

At Truck Factoring we understand the Trucking business. We have helped thousands of trucking companies over the years. Our success comes from in part the fact that we understand that every trucking company has different needs and we customize those needs accordingly through our Truck Factoring programs.    

Truck Factoring programs offer some of the highest advances and lowest Freight Factoring Rates in the industry. However, there is much more to a successful Truck Factoring 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.

Truck Factoring 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.

Truck Factoring 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, Truck Factoring 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

Truck Factoring 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 Truck Factoring 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 Truck Factoring to obtain the cash needed for day-to-day operations.

The sale of the receivables (or invoice) transfers ownership of the receivables to the Truck Factoring. The account debtor is then notified of the sale and then remits payment directly to the Truck Factoring Lockbox.

There are three integral parts to a factoring transaction.
1. The Fee - This is the amount Truck Factoring will charge you for the service. Most Truck Factoring 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 Truck Factoring refer to this service including, Truck Factoring, Freight Bill Factoring, Trucking Factoring, and Freight Invoice Factoring.

At Truck Factoring 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 Truck Factoring, look no further than Truck Factoring.

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 Truck Factoring?

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 Truck Factoring 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 Truck Factoring? Call 800.280.3335 or Click here

Truck Factoring provides service to every type of trucking company including:

Truck Factoring for Beverage Haulers	Truck Factoring for General Freight Carriers
Truck Factoring for Building Materials Trucking	Truck Factoring for Heavy Haulers
Truck Factoring for Cargo Tank Carriers	Truck Factoring for Heavy Machinery Haulers
Truck Factoring for Chemicals Haulers	Truck Factoring for Hot Shot Trucking
Truck Factoring for Coal Coke Trucking	Truck Factoring for Intermodal - Dryage Trucking
Truck Factoring for Cold Food Carriers	Truck Factoring for Liquid Gas Carriers
Truck Factoring for Concrete - Pumping and Delivery	Truck Factoring for Livestock Haulers
Truck Factoring for Construction Hauling	Truck Factoring for Local Carriers
Truck Factoring for Contract Hauling	Truck Factoring for Log Pole Trucking
Truck Factoring for Dispatch Services	Truck Factoring for Lowboy Trucking
Truck Factoring for Drop Deck Fleets	Truck Factoring for Meat Carriers
Truck Factoring for Dry Bulk Carriers	Truck Factoring for Metal Sheet Haulers
Truck Factoring for Dump - Trucking	Truck Factoring for Mobile Home Haulers
Truck Factoring for Farm Supply Carriers	Truck Factoring for Oilfield Services Fleets
Truck Factoring for Federal & State Contracts	Truck Factoring for Paper Products Carriers
Truck Factoring for Flatbed Carriers	Truck Factoring for Produce Carriers
Truck Factoring for Freight Agents	Truck Factoring for Refrigerated Haulers
Truck Factoring for Freight Brokers	Truck Factoring for Utility Fleets
Truck Factoring for Freight Forwarders	Truck Factoring for Van Fleets
Truck Factoring for Grain Feed Haulers	Truck Factoring for Water Well Fleets

Want to learn more about TranCentral? Call 800.280.3335 or, Click here

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