Trucking Factoring
Trucking factoring helps you no matter what challenges you are facing financially. Never worry again about money for fuel, permits, payroll and other expenses because of slow and late paying invoices when you factor your invoices. You select which freight bills to finance, so you're always in complete control of your business. We offer the transportation industry both recourse and non-recourse factoring. Our factoring ranges from $2,500 a month, up to $12 million for invoices monthly. Invoices are paid within 24 hours of us receiving your invoices.
Offering non-recourse factoring, reduces risk with your clients invoices and eliminate bad debt. If you have a non-recourse agreement, your factor completely assumes the risk of non-payment by your customers, regardless of the reason instead of you. Non-recourse factoring insulates your business from the cost of potential bad debt. About 20% of the businesses that factor either go with non-recourse factor, or a hybrid known as modified recourse factoring. Have us take on the risk of non-payment, instead of you.
Factoring all different types of trucking companies
Automotive Transporters | Container Freight Companies |
Dump Truck Hauling | Freight Broker |
Local delivery, Long-Haul truck load or International | LTL Freight |
Owner Operators | Start-Up Trucking Company |
Small to Large Transportation Fleets | Transportation Industries, Not limited to the list here. |
Summing up trucking factoring benefits
2. Get your cash quickly - in most cases within 24 hours.
3. Low fee - factoring fees are very low, depending on volume and industry
4. New and non-bankable businesses welcome - factoring helps businesses with little or no credit history.
5. No added debt - factoring allows you to get cash with out incurring debt.
6. No cash use restriction - unlike a bank loan or line of credit, you can use cash funded to you for any reason.
7. No long term contracts - not locked in a contract for 6 months, 1 year, or longer.
8. No minimum - Pick and choose how many invoices you want to submit for factoring.
9. Reduce or eliminate debt - improve the ability to pay your bills down or pay them off.
of your quote request with no obligation.