We are a nationwide company offering
Freight Bill factoring programs the others can't
because of our unique funding capabilities.
The others are restricted by their banks on
what kind of factoring programs they can offer.
We are not restricted!
 
We have been providing factoring services
nationwide for decades and have clients
in hundreds of industries
HIGHEST CASH ADVANCES
(up to 97%)


What Sets

Us Apart
From The Others

LOWEST FREIGHT BILL 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.

HIGHEST CASH ADVANCES (up to 97%)
We offer the highest advances in the truck factoring 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 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!

NO ANNUAL TERM FREIGHT BILL FACTORING 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.

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.

 

Books On Trucking and Factoring

 Factoring companies provide finance against a business's With invoice factoring, the factor
undertakes to collect amounts due from the business's debtors and ...

Debt factoring and invoice discounting We saw on page 542 in Chapter 15 that
trade debts can, in effect, be turned into cash by either factoring them or

WHAT'S THE DIFFERENCE BETWEEN FACTORING AND INVOICE DISCOUNTING? The main difference
is who collects the money from the sales ledger. ...

Trucking A most important element in the distribution and collection
of freight at the Port of New York is the street truckA large trucking area is also to be found in the Gulf States, especially in ...
Trucking is also developing considerable importance in the Western States, ...

Table: actual cost to several rr cos. of freight transportation, rate charges,
earnings, profits, and average yrly. rates on all r.rs. of Ohio.

dedicated to own-account road freight services, increasingly finds itself ...
marketing, transportation — to one in which strong co-operation is ...

Table: actual cost to several rr cos. of freight transportation, rate charges,
earnings, profits, and average yrly. rates on all r.rs. of Ohio. In fact, the invoice factoring industry has grown noticeably in recent years, in part as
a means of ... of the value of the invoice up-front, less a discount

... a dialogue with the freight industry, since there is considerable need for
better public sector understanding of freight and its needs. ...

We offer the highest advances in the factoring company industry. 
How?
Because we use our own money.
The others are restricted by their banks

Call our veteran factoring team at
1-888-239-9162 or
Email Us  or complete our

ONLINE REQUEST FORM

FACTORING COMPANY HOME PAGE

More Freight Bill Factoring Insight

 Each Freight bill 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 factoring company provide credit and collection services at no additional charge? What accounting reports will the factor supply?  What value-added services does it provide? 

Cash flow is one of the main reasons trucking businesses fail. At one time or another, every business, even successful ones, have experienced poor cash flow. Cash flow does not have to be a problem any more. Do not be fooled -- banks are not the only places you can get funding. Other solutions are available and you do not have to borrow.

What is Factoring?

Factoring is the process of selling accounts receivable to an investor rather than waiting to collect the money from the customer.In addition to providing immediate cash on freight bills, the factor performs valuable credit analysis on new and existing customers and conducts professional, routine follow-up on freight bills as they become due. Business consultation and monthly updates also help round out the factoring package.

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Factoring helps place the owner or business manager, who spends a good portion of the day collecting, bookkeeping and searching for capital, at peace. It also frees up some of their time to devote to other important aspects of business, such as sales, dispatching and driving
 

"An invoice is a promise to pay, and any promise to pay has a cash value," . "The thing small businesses don't realize is that they can use the same techniques that corporations have used successfully for decades now. It's the same process, just on a smaller scale."

An investor who buys invoices, called a factoring company, pays slightly less than the face value of the invoice for the right to collect the payment on the invoice on the regular due date. The business selling the invoice gets cash in hand, and no longer has to worry about collecting on the invoice.

The discount at which they sell the invoice is no different than giving their customer a discount for paying cash, or discounting merchandise to generate sales. Corporations have long looked at the discount involved with factoring as part of the cost of doing business.Small businesses should consider how much money they have tied up in accounts receivables,and consider what they could do with that money if they had it months ahead of when it comes due. They can't use an invoice to pay their debts, but they can sell that invoice and use the cash to pay their debts, or meet payroll, or buy more raw materials to step up production.

Freight Factoring is a solution for any kind of business, from small, struggling operations to large, established ones. It can be used as a tool for growth, shortening the business cycle and allowing

for more production without having to wait for invoices to come due. Even with the discount,businesses usually net more profit with freight bill factoring than without.

In recent years, businesses have discovered that factoring accounts receivable can combat the ups and owns of unpredictable cash-flow cycles and provide a viable source of working capital when conventional financing is not always an option.

Freight bill factoring is the practice of purchasing unpaid invoices from a company for a small, face-value discount. Factors-these buyer-give instant cash for what they expect to receive later, and the sellers can increase their cash flow without the usual 15-,30- or 60-day wait for payment.