Is Your Trucking Company Coming Up Short On Cash?
Freight factoring is an essential financial tool for trucking and transportation companies to maintain good cash flow
Is your carrier running low on cash? In the ideal world carriers who need funding would receive a loan from a bank that would grow in line with their receivables. However, that is not how loans work, loans are limited to the credit amount and therefore cannot sustain the ongoing billing and new invoices being generated by the trucking company. Freight factoring is what creates a constant cash flow, an ongoing supply of cash based on outstanding invoices and new freight bills. Here are a few of the benefits of our freight factoring product:
SIMPLE FREIGHT BILL 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