What Is Trucking Factoring?
Trucking factoring can offer a solution to cash flow problems caused by outstanding invoices
What is trucking factoring? Trucking factoring also referred to as freight bill factoring is a necessary funding option for truckers whose cash flow is stalled because of invoices they issued to their customers on credit terms of 30-to-90 days, simply, trucking factoring is the purchase of your account receivables and freight bills, it provides you with the cash typically within 24 hours after you have delivered the load and issued your invoice.
SIMPLE TRUCKING FACTORING 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
PROGRAM FEATURES
- From $20,000 up to millions (availability as you grow)
- High advances on freight bills
- Non-recourse option available
- Competitive rates (Our objective is to beat the competition)
- Flexible terms
- No more waiting up to 90 days for your customers to pay
- Grow your business by extending credit to your customers
- Fuel cards
- Free load board
- Free credit checks on your customers
- Free invoicing and collections
- Simple to use online account management
- Submit invoices online
- Track invoices, payments and collections
- Designated account manager
- And more