Factoring Large Trucking / Multi-Fleet Carriers

HIGH-VOLUME FREIGHT FACTORING | GREAT RATES | COMPETITIVE TERMS

1 (888) 331-3839

Freight factoring for large trucking companies and multi fleet carriers. We are pleased to offer a flexible freight factoring program to those carriers requiring high-volume freight funding which comes with very competitive rates and terms. The freight factoring facility is tailored to meet the individual working capital requirements of carriers and brokerages, a facility that provides an ongoing supply of capital based on new sales, readily available cash for continued growth.

FREIGHT FACTORING - BASIC PROGRAM FEATURES

  • MINIMUM MONTHLY FACTORING VOLUME: $500,000 (If smaller - click here)
  • MAXIMUM MONTHLY FACTORING VOLUME: $35,000,000 (higher volume available)
  • ADVANCES (Trucking and Transportation): Up to 95%
  • ADVANCES (Freight Brokerage): Up to 90%
  • DEAL DIRECTLY WITH DECISION MAKERS
  • HASSLE-FREE APPLICATION TO FUNDING PROCESS
  • FREE CREDIT REPORTS ON YOUR CUSTOMERS
  • FREE LOADBOARD
  • FREE INVOICING AND COLLECTIONS
  • SIMPLE TO USE ONLINE ACCOUNT MANAGEMENT
  • TRACK PAYMENTS AND COLLECTIONS
  • DESIGNATED ACCOUNT MANAGER
  • NON-RECOURSE: (Ask about option)
  • NON-NOTIFICATION FREIGHT FACTORING: (Ask about option)

LINE OF CREDIT (Ledgered Line of Credit)

For larger fleet carriers with a traditional bank line of credit and are considering getting away from the strict bank and FDIC requirements but maintain competitive pricing, we offer the ledgered line of credit, which is a receivables based facility for the larger carriers and brokerages seeking $1 million or more in funding.

HOW DOES IT WORK?

Unlike a traditional bank credit line, our product does not require constant audits or requirements with respect to ratios, concentration, etc.

Pricing is very competitive which is similar to the pricing of a bank line. The price structure is typically prime + %, plus a monthly service fee on the gross amount of invoices, interest is charged on the amount of funds actually drawn, thus controlling the cost of funding.

It's a simple process, the carrier or brokerage submit their invoices, which creates a pool / borrowing base, then, depending on the advance rate draw up to 80%-95%. The client can access funding, daily, weekly, bi-weekly, or monthly based on the value of their receivables, which provides a constant flow of cash based on sales.

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