Trucking Factoring Information

Factoring Principals

Although factoring deals exclusively with business-to-business transactions, a large percentage of the retail business uses a factoring principal. MasterCard, Visa, and American Express all use a form of factoring in their retail transactions. Using the purest definition of the word, these large consumer finance companies are really just large factors of consumer paper.

Think about it: You make a purchase at Sears and charge it to your MasterCard. The store gets paid almost immediately, even though you do not make payment until you are ready. For this service, the credit card company charges Sears a fee (typical fees range from two to four percent of the sale).

The Benefits

Factoring can offer many benefits to cash-hungry companies. Rather than wait 30, 60, 90 days or longer for payment on a product or service that has already been delivered, a business can factor (sell) its receivables for cash at a small discount off the amount of the invoice.

Payroll, marketing efforts, and working capital are just a few of the business needs that can be met with this instant cash from receivable financing.

Factoring account receivables provides the means for a manufacturer to replenish inventory and make more products to sell: There is no longer a need to wait for earlier sales to be paid. Factoring is not just a cash management tool for manufacturers: Almost any type of business can benefit from factoring.

Generally, a business that extends credit will have 10 to 20 percent of its annual sales tied up in accounts receivable at any given time. Think for a moment about how much money is tied up in 60 days’ worth of invoices: You cannot pay the power bill or this week's payroll with a customer's invoice, but you can sell that invoice for the cash to meet those obligations.

Factoring is a fast and easy process. The factor buys the invoice at a discount, usually a few percentage points less than the face value of the invoice.

More Truck Factoring Information
 

Truckers Choose Us
Again and Again

We have been providing trucking 
factoring services nationwide for decades
and have clients in hundreds of industries.
We understand that to be successful
in Trucking, you need cash.

Cash for  payroll,  overhead expenses,
taxes or simply relieve the financial burden
experienced during rapid growth periods

As a client you are assigned one
account administrator who will personally
handle all of your account activity
and inquiries.
This gives us the ability to buy
your receivables and get the
money to you within 12 to 24 hours.

Having one person look after
your account also makes it easy
for you to decide which invoices
you are going to sell and when
you want to sell those invoices.

More Reasons Why
Trucking Companies
Choose Our Factoring Services

Same Day Funding

Advance Rates that Exceed
  Industry Norms by 20%
   We offer cash advance rates up to 97%
   The typical maximum in the industry
   is 80%.
   We can offer you higher advances because
   of our unique financing capabilities

Flexible Contracts-
   We provide you with contracts
   that meet your cash flow needs,not ours.
   
   Unlike the others, we do not make
   you sign long-term contracts and we don't
   charge you fees when you are inactive.

Invoice Processing
   Not only can we offer you the most
   advanced technolgy but we also maintain
   the old-fashioned systems because
   every client has different needs.

   Unlike the Others, our objective here
   is not to force you to conform to us,
   but to get you the cash you need
   in the quickest and most
   efficient manner.

Credit Management Services
  at No Extra Cost
   We provide credit analysis on both
   new and existing accounts. 
   We actually pull credit reports
   from various reporting services that
   we contract with and report back
   to you as to whether or not
   they are creditworthy

Experienced Account Managers
   We are seasoned professionals with
   an average of 11years industry
   experience per account executive.   
   (Well above the factoring industry
   norm of 2 years)

Personalized Service
   You have one dedicated person and his
   or her assistant who handle your account.
 
   Unlike the others, with us you don't
   have to start over each time you call 
   with a new person

Please contact us today
   and our seasoned factoring
   specialists will help you
   get the cash you need TODAY

1-800-986-1854

Email Us
or complete the
On-Line Factoring Request Form

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