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.

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")

freight bill factoring

Truck Factoring

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")