Why You
Will Benefit By Using Our Trucking Factoring Company Services

HIGHEST CASH
ADVANCES (up to 97%)
We offer the highest advances in the truck factoring company  industry. 
How?
Because we use our own money. The others are
restricted by their banks

LOWEST TRUCKING
FACTORING RATES
Truck Factoring leader;
We have the lowest
factoring rates in
the industry  
How? Because we use
our own  money.
The others are restricted
by their banks.

100 YEARS
COMBINED EXPERIENCE
With over 100 years combined experience in factoring for the trucking industry.Our knowledge and experience enables us to
have a working
understanding of the unique demands
you face each day.

NO ANNUAL TERM TRUCKING FACTORING COMPANY CONTRACT REQUIRED
Other truck factoring companies require you to sign a restrictive contract that ranges from 6 months to 1 year or longer.
And they require you factor with them during that entire time.

NO MINIMUM DOLLAR AMOUNT FOR EACH INVOICE.
You may factor all of your accounts or you may choose to factor only a few. In other words, you can customize your own account!

24/7 Online account management tools
Our online services let you view your reports and collection activity updated daily.

Startup companies
are welcome. 
Startups Are Our Specialty!
Did you just get your authority? Going out on your own after being leased on?  If your trucking company is just
getting started, you've come to the right place. We can help you identify quality customers, strengthen your credit with positive cashflow, and have our account managers professionally represent your company."I've been doing business with
you for close to a year.
I've received professional, courteous service.
Being a  transportation company,
a steady cash flow  is very important
to stay in business today.
You help keep my business trucking."
-J.P., Owner

Our customers tell us that our combination
of low rates and exceptional service makes
us the best choice in the trucking industry
for factoring services.

One of the biggest advantages of factoring
your accounts receivable is that you are
able to take on more work and
better paying loads. 
Have you had to settle for low paying
loads in order to get paid within a
couple of weeks?  Factoring allows
you to take better paying accounts
without having to worry about
how fast they pay.

Factoring your freight bills through us 
will provide immediate cash flow for
your freight invoices, giving your company
cash for operating expenses.
Once established as a client you
will receive payment within 12-24 hours! 
We serve Owner/Operators and small
to medium sized fleets.

With over 100 years combined experience
in factoring for the trucking industry,
we understand that you must pay fuel,
payroll and other expenses on a daily
or weekly basis while waiting 30 to 60
for payment from their customers.

We also provide personalized service; you have one dedicated person and his or her assistant
who handle your account.  
Unlike the others, you don't have to start
over each time you call with a new person.
We are seasoned professionals with an average of 11 years industry experience per account executive   
(Well above the factoring industry norm!)

We have no minimum dollar
amount for each invoice.  You may
factor all of your accounts or you may
choose to factor only a few.  In other
words, you can customize your own account!

Full Truck Factoring administrative support - including credit management, invoicing, collections, account reporting, expense reporting, fuel card management and much more!

Get Your Cash Today

Call our trucking specialists at

1-866-593-2195 or


or complete the

OnLine Truck Factoring Request Form

2007 NAICS Definition

484110 General Freight Trucking, Local

This industry comprises establishments primarily engaged in providing local general freight trucking. General freight establishments handle a wide variety of commodities, generally palletized and transported in a container or van trailer. Local general freight trucking establishments usually provide trucking within a metropolitan area which may cross state lines. Generally the trips are same-day return.

Cross-References. Establishments primarily engaged in--

Operating independent trucking terminals--are classified in Industry 488490, Other Support Activities for Road Transportation; and

Providing general freight long-distance trucking including all North American international travel--are classified in Industry 48412, General Freight Trucking, Long-Distance.

 2007

NAICS   2002

NAICS   1997

NAICS   Corresponding Index

Entries

484110   484110   484110   Bulk mail truck transportation, contract, local

484110   484110   484110   Container trucking services, local

484110   484110   484110   General freight trucking, local

484110   484110   484110   Motor freight carrier, general, local

484110   484110   484110   Transfer (trucking) services, general freight, local

484110   484110   484110   Trucking, general freight, local

2007 NAICS Definition

Sector 48-49--Transportation and Warehousing

48412 General Freight Trucking, Long-Distance

This industry comprises establishments primarily engaged in providing long-distance general freight trucking. General freight establishments handle a wide variety of commodities, generally palletized and transported in a container or van trailer. Long-distance general freight trucking establishments usually provide trucking between metropolitan areas which may cross North American country borders. Included in this industry are establishments operating as truckload (TL) or less than truckload (LTL) carriers.

Cross-References. Establishments primarily engaged in--

Providing courier services--are classified in Industry 49211, Couriers and Express Delivery Services;

Providing warehousing services of general freight--are classified in Industry 49311, General Warehousing and Storage;

Providing specialized freight trucking--are classified in Industry Group 4842, Specialized Freight Trucking;

Operating independent trucking terminals--are classified in Industry 48849, Other Support Activities for Road Transportation; and

Providing local general freight trucking services--are classified in Industry 48411, General Freight Trucking, Local.  
 

Additional Truck factoring Company Information
How It works

Depending on the agreement, businesses can pick and choose which receivables they wish to sell to the freight factoring company , who immediately advances 80 percent or more of the face value of the invoices. The balance of the funds; less the discount fee, is released once collec-tions are made.In addition to providing immediate cash on invoices, the factor tracks commercial invoices, performs valuable credit analysis on new and existing customers and conducts professional, routine follow-up on invoices as they become due.

The cost of doing business with a freight factoring company is the discount taken on the invoices submitted for funding. Fees range from 1 to percent, depending on volume,credit-worthiness of customers sold and overall risk. The discount taken is best compared to a merchant accepting a Visa or MasterCard transaction and receiving immediate pay-ment, less a percentage of discount, before the actual cardholder has paid his or her monthly statement.

Businesses choosing to maintain momentum, despite a lack of conventional financ-ing options, find the cost of factoring is often offset by the increased revenue created.

They also look to a future of managed growth and profitable performance that will bridge the gap to qualifying for bank financing.

Freight  Factoring can provide alternative source of working capital.  Meet obligations on time.Paying vendors on time helps to establish a solid credit track record and allows for increased future credit limits from vendors as well as financial institutions. 

  Offer credit terms to customers. Offering credit terms to customers is a common way to increase sales by making it easier for customers to buy.    Having financial backing to carry accounts receivable is essential if a business wants to be able to follow through on its commitments.     Reputable truck factoring companies encourage managed growth by consulting with clients regarding exposures . and other risks when taking on new credit accounts.

Setting up a trucking factoring company relationship is quick and easy in comparison to other forms of financing.  Applications simply call for basic company information and a customer list.  Years of profitability are not required which makes factoring an option for startups generating receivables.  It is possible that funding can occur in as little as a couple of days after the receipt of the application and invoices.

Every trucking factoring company  operates slightly different.  It is important to understand which programs  provide the greatest benefits and at the least cost. Several criteria should be addressed  when searching for a reputable factor.   Are there setup fees, maintenance fees or penalty fees? Is there a long term contract? Are there monthly minimums? Does the factor provide credit and collection services at no additional charge? What accounting reports will the factor supply?  What value-added services does it provide? 

invoice factoring
freight factoring
account receivable factoring  

Most business bankers are a good referral source for reputable  .  Bankers refer to factors because they realize that although the customer may not be bankable at the time of the referral, in a short time it could be a viable candidate for conventional financing. As a short term financing solution, factoring relationships generally run from 6 months to a couple of years.   

invoice factoring
freight factoring
account receivable factoring
 

Businesses choosing to maintain momentum, despite a lack of conventional trucking financing options, find that factoring not only offers cash but also a stable foundation on which to build. Companies look to a future of managed growth and profitable performance that will bridge the gap to qualifying for bank financing.  

Traditionally, trucking factoring companies had access only to factoring programs, a process that involved pledging their accounts receivable as collateral in exchange for cash.
i
Exercising this option also depended on the trucking companies customer  creditworthiness.Trucking factoring companies as a source of capital.