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