FACTORING FOR TRUCKING COMPANIES

With several trucking factoring companies to pick from, how do you pick the best one for your company?

Many say they have the most flexible rates in the industry, no long-term contracts, fast- same day/same hour payments, no up-front fees, no monthly minimums or maximums and so on so on.

You should know what crucial questions to ask.

We have . Here are the most frequently asked questions we get before companies decide to choose us.

TRUCKING FACTORING


The Most Frequently Asked



What exactly is trucking factoring and how can it help my business? Is it like a loan? Will I incur any debt?

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What makes your company any better than any other trucking factoring company?

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What other advantages do you offer me?

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How do I know if you're the right trucking factoring company for my business?

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I only have one truck or I don't want to factor all my loads. Am I too small for your trucking factoring programs?

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I have been turned down by banks, will I qualify for trucking factoring?

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I have tax liens. Can you help me?

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I have a UCC Filing against my company. Can you help me?

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Are there any minimums? What kind of agreement do I need to sign?

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TRUCKING FACTORING

“ From the initial contact and interaction with Ted in Sales, our experience has been genuine and honest. Ted was true to his word. What he sold is what came to fruition. It was like nothing we had ever experienced before. Theyprovide us with peace of mind in knowing that we have daily cash flow for our business.

We submit invoices daily using the scanning program, which we find to be very quick and easy to use, and know with confidence when we submit invoices that we get the funding that same day. Everyone in Operations has been fantastic to work with. I know when I call, they are going to answer and address my needs immediately. They customized their process to fit our needs, and that's so valuable to us.

They are truly a godsend to our business. I am tickled to be able to brag about them and highly recommend them to anyone looking for an honest factoring partner they can rely on. ”

—Jaime, trucking company.

Can I know what your fees and rates are up front?

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How much of my load will I receive up front, and how soon will I get the money?

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This is all new to me. Are you easy to work with?

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I don't like talking to robots or call centers. Can I talk to a real person when I need to?

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How will you work with my customers to collect their money?

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Will I be able to keep track of collections from my end?

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I'm not familiar with your trucking factoring company. How do I know you'll be in business when I need it?

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Can my company use trucking factoring?

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ANSWERS



What exactly is trucking factoring and how can it help my business? Is it like a loan? Will I incur any debt?

If you give your customers 30-60 days or more to pay their freight bills, wouldn't it be great if you could get that money right away? Well, you can! When you use the services of our trucking factoring company, you get 90% up to a full advance/no reserve, when you need it. We take care of collecting the money from your customers so you can focus on running the other areas of your business. After your customer pays the invoice, the 3-15% reserve balance is refunded to you less the factoring fee. It is not a loan. There is no debt. You can put that cash to work right away to grow your business.

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What makes your trucking factoring company any better than any other trucking factoring company?

Almost all factoring companies claim to offer simple fees, 24-hour funding, no up-front fees, no monthly minimums, etc. We do, too. But we don't stop there. We go the extra mile for you that other trucking factoring companies just can't or won't. Trucking Factoring has been our primary focus since 1979, and we're committed to offering the most effective and versatile programs in the industry. Give us a call now to find out how we can better help your business.

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TRUCKING FACTORING

I'm not familiar with your trucking factoring company. How do I know you'll be in business when I need it?

We've been in business since 1979. We're privately owned, financially strong, and have survived economic downturns that have put other companies out of business. We know what it's like to go through tough times. We'll help you make the right financial decisions in good times and bad. We'll be here when you need us to help keep your business running smoothly and staying strong.

Experience our superior offerings and service. Call us today.
1-888-239-9162
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How do I know if you're the right trucking factoring company for my business?

You need peace-of-mind knowing that you'll be making the right decision when it comes to selecting a trucking factoring company. Since 1979 we have been funding companies in a wide range of industries and sizes. Should your needs fall outside our parameters, we've built a vast network of resources and can save you a tremendous amount of time by helping you find the best match for your business from the very beginning. You will love our flexibility and ability to match your particular needs and industry to the perfect funding resource.

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I only have one truck or I don't want to factor all my loads. Am I too small for your trucking factoring programs?

We work with trucking companies of all sizes. Afterall, small businesses are the glue that hold our economy together.

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I have been turned down by banks, will I qualify for trucking factoring?

If you haul loads for creditworthy business(es), and you would prefer not to wait to get paid, you are a candidate for trucking factoring. If your customers utilize your payment terms, but have a good pay history, you will want to take advantage of trucking factoring.

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TRUCKING FACTORING

I have tax liens. Can you help me?

Yes, if you and the IRS have a payment agreement in place there is a good chance we can help you.

Give us a shout and speak with one of our veteran factoring experts.
1-888-239-9162
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I have a UCC Filing against my company. Can you help me?

Yes, if the UCC holds your accounts receivable as collateral we will need the lender to subordinate or terminate to allow for trucking factoring since factoring requires a first position UCC on your accounts receivable. We can help you navigate that process.

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Are there any minimums? What kind of agreement do I need to sign?

We have no minimums. As a matter of fact, you can pick and choose which invoices you want us to help you with. And, we offer agreements starting as short as 90 days. You select which invoices you would like to submit for funding as frequently as you need. Our trucking factoring program is like carrying a credit card in your pocket. You carry it to use when you need it. Call us now and let's get started today.

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Can I know what your fees and rates are up front?

Sure! Unlike most trucking factoring companies out there, we are totally transparent about our fees and rates up front. Our trucking factoring rates are among the most competitive in the industry and vary depending on how many trucks you are running, volume to factor, type of loads and any risk associated with your customer base. Our services include funding by ACH, wire transfer and electronic submission of invoices. Each of these options have nominal transaction charges associated and are always clearly stated up front in the trucking factoring proposal. Unlike the other trucking factoring companies we do not charge you any set up costs. Nor do we charge you a monthly minimum fee or any other types of fees that the others charge.

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TRUCKING FACTORING

How much of my load will I receive up front, and how soon will I get the money?

Most trucking factoring companies have advance rates that run from 70% to 90%. Our advanced rates are much higher—from 90% up to a full advance with no reserve held back. Once your customer pays the invoice, any reserve portion if applicable is refunded to you less the trucking factoring fee. Your funds are deposited directly into your business checking account. It's simple. It's easy. It's fast.

Speak to one of our account representatives and we'll give you all the information that fits your particular business.
1-888-239-9162

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This is all new to me. Are you easy to work with?

Of course! We are a privately held trucking factoring company made up of like-minded entrepreneurs just like you. We know what you're going through—we've been there—and we'll be helping you every step of the way. We take the time to listen to your situation and put together a personalized plan just for your business. Contact us today and let's talk—no obligation!

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I don't like talking to robots or call centers. Can I talk to a real person when I need to?

Definitely! Once you sign up with us, you'll be assigned your own dedicated Account Executive who will learn your business intimately. This way we can help you in ways the others just can't.

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How will you work with my customers to collect on the invoices?

We interact professionally at all times with your customers as we know your customer relationships are the lifeblood of your company. We should not be confused with a collection agency. We place calls on your behalf to check on payment status, we make note of check dates which we can share with you as well as pass along any messages to you. Essentially, we become your Credit and Collections Department for factored invoices which frees up your time and your staff's time to do other more productive things.

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Will I be able to keep track of collections from my end?

Yes! You'll have online access to aging reports, and are kept abreast of any collection issues so there are no surprises.

find out more about how you can benefit from trucking factoring with us. call us today.
1-888-239-9162
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TRUCKING FACTORING

What other advantages do you offer me?

Well, to start, we have in-depth credit expertise and resources including business credit reports to check your customers' creditworthiness. This can help you stay ahead of any possible negative payment trends. This is critical information you need to run your TRUCKING FACTORING company smoothly and avoid bad debt write offs.

We're committed to offering leading edge technology to expedite the funding process, such as electronic submission of invoices, online reports, online credit checking, and other emerging methods in order to streamline the process and reduce overhead, which means lower rates for you. Most other trucking factoring companies don't even come close to our level of technology and efficiency.

Boost Revenues For Your Trucking Company

  • Are you stuck taking loads with routes that your drivers don't like because you don't have cash?
  • Have you ever missed or avoided a good load your driver would have preferred but you were forced to take a less desirable route because of the payment terms?
  • Are you uncomfortable with taking on new customers and the risk of not getting paid?

If your answer is yes then our unique trucking factoring programs definitely can help you take these loads.

By trucking factoring with us we will not only credit clear customers for you, we will also pay you right away. Your options for new customers, loads and routes, will open exponentially. By having so many more load options you have a better chance of keeping your drivers happy too.

With our trucking factoring company services, you can now confidently ask your customers for more business. Knowing you have a source of reliable cash flow, you may never have to turn away a good new load.

With a dependable source of funding you now have the time and cash to redirect your efforts to other crucial business areas that can help your business grow. Cash on hand can help you with:

  • Driver's Retention:
    A good driver will make money for you and with a bad one you end up spinning your wheels. When you find good drivers, trucking factoring can help you have what it takes to keep them--such as offer better routes, benefits and bonuses.
  • Purchase fuel and tires in bulk for greater savings.
  • When it comes to unexpected repairs and maintenance, you can get back on the road more quickly.  An idle truck can be more expensive than the costs of its repair.

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Can my company use trucking factoring?

Transportation companies of all sizes rely on our trucking factoring to increase their cash flow to boost their bottom line. It's easy to get started—just give us a call and we'll tell you all about it.

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 More Trucking Factoring Company Information 

Types of Companies That Use Trucking Factoring
General Freight Intermodal Trucking
Flatbed Step-deck Trucks
Refrigerated Freight Water Hauling
Sand Hauling Oil & Gas
Large Equipment Auto and Car Hauling
Tanker Hot Shot
Expedite Oversize
Dump Trucks LTL and TL
Dry Bulk Liquids
Hazmat Door to Door Delivery
And Many More...
All States Served
Alabama Alaska Arizona
Arkansas California Colorado
Connecticut Delaware Arizona
Georgia Hawaii Idaho
Illinois Indiana Iowa
Kansas Kentucky Louisiana
Maine Maryland Massachusetts
Michigan Minnesota Mississippi
Missouri Montana Nebraska
Nevada New Hampshire New Jersey
New Mexico New York North Carolina
North Dakota Ohio Oklahoma
Oregon Pennsylvania Rhode Island
South Carolina South Dakota Tennessee
Texas Utah Vermont
Virginia Washington West Virginia
Wisconsin Wyoming
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Best Trucking Factoring Companies

Best Trucking Factoring Companies