Why Freight Factoring
is Necessary
"A sale is not a sale until you collect the money"
Are you a part -time banker
for your customers?Take a look at
your accounts receivable aging schedule and
count the number
of accounts over 30 days.Congratulations, you are extending
credit to those customers. You are not getting paid for delivering
your
end of the deal in a timely manner and as a result
you are providing the use
of your money to your customer for free.
Freight
Factoring
Receivable
Factoring
Freight
Bill factoring
Not exactly the truck business
you thought you were getting into, is it?
Ask yourself this question: If
those customers of yours went
to a bank, borrowed the same amount of time,
would they expect to pay a substantial
amount of interest for the
privilege?
Of course they would!
Freight factoring and Truck relationships
invoice factoring
account receivable factoring
(4) cargo, lading, freight,
load, loading, payload, shipment, consignment -- (goods carried by a large
vehicle)2. (1) freight, freightage -- (transporting goods commercially at rates
cheaper than express rates) 3. freight, freightage, freight rate -- (the charge
for transporting something by common carrier; "we pay the freight"; "the freight
rate is usually cheaper") The verb freight has 2 senses (no senses from tagged
texts) 1. freight -- (transport commercially as cargo) 2. freight -- (load with
goods for transportation) cargo, lading, freight, load, loading, payload,
shipment, consignment -- (goods carried by a large vehicle) => merchandise,
ware, product -- (commodities offered for sale; "good business depends on having
good merchandise"; "that store offers a variety of products") Sense 2 freight,
freightage -- (transporting goods commercially at rates cheaper than express
rates) => transportation, shipping, transport -- .
(the commercial
enterprise of moving goods and materials)1) hauling, trucking, truckage -- (the
activity of transporting goods by truck) The verb truck has 1 sense (first 1
from tagged texts) 1. (1) truck -- (convey (goods etc.) by truck; "truck fresh
vegetables across the mountains") hauling, trucking, truckage -- (the activity
of transporting goods by truck) => transportation, shipping, transport --
(the commercial enterprise of moving goods and materials) hauling, trucking,
truckage -- (the activity of transporting goods by truck) -> transportation,
shipping, transport -- (the commercial enterprise of moving goods and materials)
=> air transportation, air transport >
Our freight bill
factoring customers just submit their freight bills of lading to us and we
handle the rest. While many competing freight bill factoring companies hold back
a portion of the driver’s pay until they get paid, our freight bill factoring
program holds back nothing. It’s a fixed rate percentage and we pay drivers on
the day they submit the bill of lading to us. And unlike some other competing
freight bill factoring companies, we have no minimum monthly requirements,
either. Once we receive the invoice, our freight bill factoring experts load up
the driver’s card with the pay, less our percentage. Our freight bill
factoring rates are highly competitive and our drivers know precisely when
and how much they will be paid. With us handling their invoicing and collection
processes, our freight bill factoring customers have more time to work on
growing their businesses. And isn’t that what it’s all about? .
freight factoring
-- (transportation by air)
=> navigation -- (ship traffic; "the channel will be open to navigation as
soon as the ice melts") => hauling, trucking, truckage -- (the activity of
transporting goods by truck) => freight, freightage -- (transporting goods
commercially at rates cheaper than express rates) => express, expressage --
(rapid transport of goods) => ferry, ferrying -- (transport by boat or
aircraft) hauling, trucking, truckage -- (the activity of transporting goods by
truck) => transportation, shipping, transport -- (the commercial enterprise
of moving goods and materials) => commercial enterprise, business enterprise,
business -- .
(the activity of providing goods and services involving
financial and commercial and industrial aspects; "computers are now widely used
in business") => commerce, commercialism, mercantilism -- (transactions
(sales and purchases) having the objective of supplying commodities (goods and
services)) => transaction, dealing, dealings -- (the act of transacting
within or between groups (as carrying on commercial activities); "no
transactions are possible without him"; "he has always been honest is his
dealings with me")
We know trucking. We understand the difficulty of finding good paying freight. We know what it’s like to wait to be paid. Our Freight Factoring service is designed to take the pain out of running a Trucking Fleet. We know who has good freight. We know which Freight Brokers are paying on time. We can help you find those good loads and build your business.
Freight and Truck relationships
(4) cargo, lading, freight, load, loading, payload, shipment, consignment -- (goods carried by a large vehicle)2. (1) freight, freightage -- (transporting goods commercially at rates cheaper than express rates) 3. freight, freightage, freight rate -- (the charge for transporting something by common carrier; "we pay the freight"; "the freight rate is usually cheaper") The verb freight has 2 senses (no senses from tagged texts) 1. freight -- (transport commercially as cargo)
Truck Freight factoring-
Provides Alternative Source of Working Capital
Whether you are a machinist operating out of a garage
or a staffing company placing hundreds of workers in the largest firms,
you undoubtedly face cash flow dilemmas from time to time.
The uncomfortable ritual of making incoming cash receipts stretch
to cover short term obligations frustrates even the most seasoned business managers.
the lowest Truck Factoring rates and the highest cash advance rates in the country. We are proud of that distinction. One of the main reasons we have good rates is that we spend the time to customize a Truck Factoring deal that is right for you. You will get the cash you need to provide the excellent service your customers have come to expect from you.
In recent years, an
increasing number of truck freight businesses have discovered
that factoring
freight account receivables can combat the ups and downs of
unpredictable
cash flow cycles. More importantly, truck
factors are providing
the small business community with a viable source of
working capital
when conventional financing is not always an
option.
2. freight -- (load with goods for transportation) cargo, lading, freight, load, loading, payload, shipment, consignment -- (goods carried by a large vehicle) => merchandise, ware, product -- (commodities offered for sale; "good business depends on having good merchandise"; "that store offers a variety of products") Sense 2 freight, freightage -- (transporting goods commercially at rates cheaper than express rates) => transportation, shipping, transport --
.Providing truck factoring services nationwide
- Over 70 years of factoring
company experience
- Up to 97% Advance Rates
Tired of waiting for your paychecks to arrive? With freight bill factoring,
truckers “sell” their invoices to a freight bill factoring company which pays
the trucker immediately, then handles the collection of payments and accepts the
credit risk for a nominal portion of the trucker’s pay. Working with the freight
bill factoring experts has significant benefits; we pay our
truckers quickly and free them from worry about when and whether their customer
will pay. Our freight bill factoring customers just submit their freight bills
of lading to us and we handle the rest. While many competing freight bill
factoring companies hold back a portion of the driver’s pay until they get paid,
our freight bill factoring program holds back nothing. It’s a fixed rate
percentage and we pay drivers on the day they submit the bill of lading to us.
(the commercial
enterprise of moving goods and materials)1) hauling, trucking, truckage -- (the
activity of transporting goods by truck) The verb truck has 1 sense (first 1
from tagged texts) 1. (1) truck -- (convey (goods etc.) by truck; "truck fresh
vegetables across the mountains") hauling, trucking, truckage -- (the activity
of transporting goods by truck) => transportation, shipping, transport --
(the commercial enterprise of moving goods and materials) hauling, trucking,
truckage -- (the activity of transporting goods by truck) -> transportation,
shipping, transport -- (the commercial enterprise of moving goods and materials)
=> air transportation, air transport >
(the activity of providing goods and services involving
financial and commercial and industrial aspects; "computers are now widely used
in business") => commerce, commercialism, mercantilism -- (transactions
(sales and purchases) having the objective of supplying commodities (goods and
services)) => transaction, dealing, dealings -- (the act of transacting
within or between groups (as carrying on commercial activities); "no
transactions are possible without him"; "he has always been honest is his
dealings with me")
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Successful trucking companies don't wait to get paid. Your success depends on
reliable cash flow. How can you pay for fuel, trucking maintenance, repairs,
insurance if your invoices don't get paid for 30 to 60 days? Thousands of
trucking companies have used our freight factoring services. As a freight bill
factoring company, we give you immediate cash for your truck loads. In fact, we
advance you cash as fast as you can produce freight bills from credit-approved
customers.
-- (transportation by air) => navigation -- (ship traffic; "the channel will be open to navigation as soon as the ice melts") => hauling, trucking, truckage -- (the activity of transporting goods by truck) => freight, freightage -- (transporting goods commercially at rates cheaper than express rates) => express, expressage -- (rapid transport of goods) => ferry, ferrying -- (transport by boat or aircraft) hauling, trucking,
truckage --
(the activity of transporting goods by truck) => transportation, shipping, transport -- (the commercial enterprise of moving goods and materials) => commercial enterprise, business enterprise, business -- .
Our Freight Factoring Program includes the following features at no additional charge: • 24 hour funding on approved invoices • Highest advance rates in the factoring company industry • Credit analysis on new and existing customers • Continuous collection management and follow up on factored invoices • Invoice and statement mailing (postage included) • Account status inquiries anytime; 24/7 online account access. With our flexible company Security Agreement our client maintains control: • Clients select accounts they prefer to factor on an invoice by invoice basis. • Clients control total factoring costs by only factoring on an "as needed" basis. Advance Freight Factoring Rates up to 97%: Advance rates are based on overall risk associated with a particular industry as well as experience and company track record. We hold reserve accounts to accommodate industries which typically experience dilution and that we would otherwise not be able to service. Advance rates range from 80% to 97% of the gross invoice amount. Freight BIll Factoring Company Fee Structures: Factoring fees are determined based on your industry, the credit worthiness of your customers, how quickly your invoices turn, and monthly factoring volume. To find out how we might structure a truck factoring deal for you, please complete our online freight factoring company request form. To talk with a member of our sales team, please contact one of our |