Trucking Factoring Definition
What is trucking factoring? Freight factoring can solve cash flow problems for trucking companies
Trucking factoring definition. Trucking factoring is a freight funding product specifically tailored to fit the funding needs of trucking companies including startup truckers. It offers many cash flow advantages to carriers, it is actually a necessary funding option that can solve a trucker's cash flow problems quickly when invoicing customers on credit terms of up to 90 days. It eliminates the strains of cash flow caused by aged freight bills and invoices.
SIMPLE FREIGHT 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