Factoring For Large Trucking Companies

HIGH-VOLUME FREIGHT FACTORING | GREAT RATES | COMPETITIVE TERMS

1 (888) 331-3839

We are pleased to offer the larger trucking and transportation companies and freight brokers a flexible high-volume freight factoring product that comes with very competitive pricing and terms. The freight factoring facility is tailored to meet the individual working capital requirements of carriers and brokerages providing an ongoing supply of capital based on new sales.

Our clients can focus on the operation of the business with confidence knowing that they will have the readily available cash to meet payroll and other operating expenses, plus capital for their continued growth.

FREIGHT FACTORING - BASIC PROGRAM FEATURES

  • MINIMUM MONTHLY FACTORING VOLUME: $5,000,000 (If smaller - click here)
  • MAXIMUM MONTHLY FACTORING VOLUME: $35,000,000 (higher volume available)
  • 90-DAY RATE: As low as 0.75%
  • ADVANCES (Trucking and Transportation): Up to 90%
  • ADVANCES (Freight Brokerage): Up to 85%
  • NON-NOTIFICATION FREIGHT FACTORING: Option available

ASSET BASED LENDING (Ledgered Line of Credit)

For the larger trucking and transportation companies and freight brokers who are presently 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 an asset-based lending product for the larger carriers and brokerages seeking $5 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% or 85%. 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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