Factoring For Large Trucking Companies
HIGH-VOLUME FREIGHT FACTORING | GREAT RATES | COMPETITIVE TERMS
Freight factoring for large carriers trucking and transportation companies and freight brokers. 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 large carriers and brokerages providing an ongoing supply of capital based on outstanding receivables and new sales.FREIGHT FACTORING - BASIC PROGRAM FEATURES
- MINIMUM MONTHLY FACTORING VOLUME: FROM $500,000 (If smaller - click here)
- MAXIMUM MONTHLY FACTORING VOLUME: UP TO $35,000,000
- ADVANCES (Trucking and Transportation - Up to 95%-97%)
- ADVANCES (Freight Brokerage - Up to 90%-95%)
- LOW RATES - ASK ABOUT OUR "ALL IN OUT THE DOOR FLAT RATE"
- DEAL DIRECTLY WITH DECISION-MAKERS
- HASSLE-FREE APPLICATION TO FUNDING PROCESS
- FREE CREDIT REPORTS ON YOUR CUSTOMERS
- FREE LOAD BOARD
- FREE INVOICING AND COLLECTIONS
- SIMPLE TO USE ONLINE ACCOUNT MANAGEMENT
- TRACK PAYMENTS AND COLLECTIONS
- DESIGNATED ACCOUNT MANAGER
- NON-RECOURSE: (Ask about option)
- NON-NOTIFICATION FREIGHT FACTORING: (Ask about option)
For the larger trucking and transportation companies and freight brokers who are present with a traditional bank line of credit and are considering getting away from the strict bank and FDIC requirements but maintaining competitive pricing, we offer the ledgered line of credit, which is a receivables based facility for the larger carriers and brokerages seeking $1 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 submits their invoices, which creates a pool/borrowing base, then, depending on the advance rate draws up to 80%-95%. 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.