Ledgered Line Of Credit
For Trucking and Transportation Companies
A ledgered line can be an ideal option for trucking and transportation companies that are considering a traditional line of credit or are presently with a bank line and would like to get away from the strict requirements but maintain competitive pricing and flexibility. And unlike a traditional bank line, there are no audit requirements or restrictive covenants with respect to financial ratios, concentration, etc.
The ledgered line can also be ideal for a trucking company that is presently factoring or seeking a line of credit option but concern with the restrictive covenants of a traditional line.
The ledgered line of credit is tailored specifically for trucking and transportation companies, its flexible, it works like a traditional line and it comes with ABL pricing structure, but unlike a traditional line of credit, there are no restrictive covenants.
The advantages are many, which includes:
- No audit requirements
- No restrictive financial
requirements
- No restrictive covenants
- No financial ratio
requirements
- No concentration restrictions
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For more information on a Ledgered Line Of Credit, kindly complete this SHORT FORM.
FREIGHT FACTORING
If you are interested in just freight factoring, our advantages are significant:
SIMPLE PROCESS
- Complete the simple application process (via email)
- Get approved (agreement is then signed)
- You submit invoices (invoices are verified)
- Funds are deposited into your bank account
OTHER ADVANTAGES
- Up to 97% advances for carriers
- Simple application to funding process
- Deal directly with decision makers
- Non-recourse (option available)
- Fuel Card for added convenience and savings at the pump
- Free load board to help you have full loads on each trip
- Manage your account online
- Submit invoices online
- Track payments and collections
- Perform free credit checks on your customers 24/7
- And more
For more information on Freight Factoring, kindly complete this SHORT FORM.