Trucking Factoring Companies
At FactoringFast.com we make trucking factoring fast and easy. We provide factoring programs in which your freight bills are purchased and we advance you the cash within 24 hours. When you work with FactoringFast.com you know you’re getting advance rates up to 99% with factoring fee structures that are fair and reasonable. Our freight bill and bill of lading factoring rates start as low as 1% for our largest customers and top out at 4% for our one truck customers. Factoring clients can choose which freight bills they want to factor providing the flexibility that most factoring trucking companies need.
We can handle a wide range of freight bill factoring needs. Our factoring programs are competitive for one truck owner operators while we can also handle monthly trucking factoring needs in excess of $25 million for larger customers. Over 20 years factoring trucking companies so we understand the cash needs that are required when purchasing fuel and other expenses to get the loads delivered.
At FactoringFast.com we make trucking factoring easy. We provide factoring programs in which your freight bills are purchased and we advance you the cash within 24 hours. When you work with FactoringFast.com you know you’re getting advance rates up to 99% with factoring fee structures that are fair and reasonable. Our freight bill and bill of lading factoring rates start as low as 1% for our largest customers and top out at 5% for our one truck customers. We also allow our customers to choose which freight bills they want to factor providing the flexibility that most factoring trucking companies need.
We can handle a wide range of freight bill factoring needs. Whether you are a trucking broker or a hauler we have you covered. Flexible factoring programs for one truck owner operators and we can also handle monthly trucking factoring needs in excess of $25 million for larger customers. Over 20 years experience in transportation so we understand the cash needs that are required when purchasing fuel and other expenses to get the loads delivered.
Unlike traditional bank credit lines, our factoring financial service reviews your receivables and verifies your client’s credit worthiness, then we pay you cash for those receivables in as little as 24 hours. Just think what cash in 24 hours for your receivables could do for your business. Meet payroll, pay suppliers, take on new customers or get those much needed repairs to equipment. You decide where the money goes. Our factoring service is here to help you get the cash you need.
When you factor trucking freight bills with your factor you are generating immediate cash for your trucking operation. You can receive payments in minutes after the freight invoices are processed.
The kinds of trucking companies who factor is very numerous and includes just about all classes of trucking.
-Oil and Gas
-And many more
Factoring trucking companies focus on helping the cash flow needs of the transportation industry. All kinds of hauling business units need funds for payroll, fuel, and insurance. This is a big burden and often requires the help of a factor.
Another benefit that factor trucking companies provide is credit checks on brokers, shippers, and freight forwarders. This service is often included by your factor to protect your trucking business and the factor from risky or poor credit customers. The last thing you need is to haul and load, spend money for fuel, and then find out you are not going to get paid.
Factoring trucking companies can also help with collections if desired in addition to credit checking your customers in advance for you. Once your freight invoices are converted to cash you can have these funds sent electronically to your desired bank account or fuel card account so you can access the funds quickly. Finding the best factoring company for business is critical to getting the best service and benefits.
Spend some time researching factor trucking companies to avoid getting into business with the wrong factoring company. We take calls every day from small trucking companies that are stuck in long term contracts with a factor that is providing poor service. Avoid factoring trucking companies that request a twelve-month contract. If they are not willing to keep your business based on providing a quality service then they must feel they need to lock you into long term deal and force you to keep using them even if they fail to keep you happy. We recommend sticking with factor that offers a 6 month or shorter contract term. This shows they don’t need to force you to keep using them even if the service is poor.
Questions? Call us (Toll Free)
Take a look at some of reasons we are one of the best at factoring trucking companies:
- – No up front fees in most cases.
- – Advances made within 24 hours.
- – Free quick credit checks for your new customers.
- – No add on fees, your factoring fee is your total cost.
- – Factoring rates as low as 1%.
- – Advances on freight bills up to 99%.
- – Free electronic bank transfers and bank rate wires, believe it or not most factoring companies actually inflate the wire fee as an extra “hidden charge” to you.
- – Freight Brokers are welcome!
Are delayed payments putting a strain on your company? We can help with a trucking factoring program custom tailored for your needs.
How does the trucking factoring process work?
- – Apply for a freight bill factoring quote via our online application or by calling 1-888-897-5470.
- – After getting your approval on our terms we will overnight your final factoring documents.
- – You send your original invoices and freight bills with any other back up items that your customer may require for billing. We also offer fax and image scanning to reduce paper work in some cases.
- – Before funding occurs we will perform Due Diligence and confirm your company does not have any liens or legal issues.
- – We verify your freight bills and make the advance electronically to your existing checking account. The advance is normally 90% to 99% depending on the credit worthiness of your customers. Your customer then sends the payment directly to us. After receipt of payment we make the remaining amount in reserve available to you less the factoring fee.
GET STARTED WITH TRUCKING FACTORING NOW!
Give us a call at 1-888-897-5470 and we can start the trucking factoring process. You can also fill out our quick trucking factoring application form by clicking here. We respond to all online inquires within one business day.
We are currently offering factoring trucking companies nationwide including the following states: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.
Currently offering trucking factoring companies in Canada: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Quebec, Saskatchewan, and Yukon.