As the person who oversees a trucking fleet, I currently find myself delving deeply into the online realm. I am meticulously sifting through numerous factoring company websites, driven by a specific objective.
Our industry is not without its hurdles. We often grapple with challenges like slow-paying customers, intense competition, unpredictable fuel costs, and the ever-present quest to onboard reliable drivers. Such obstacles have instigated this quest for a dependable factoring company.
I am acutely cognizant of the indispensable role that immediate cash flow plays in our business. It's pivotal for ensuring our operations glide seamlessly, more so during times when customers are tardy with their payments. In this context, partnering with the right factoring firm could very well pivot our business dynamics. It holds the promise of mitigating the daily stresses we face, while also infusing the much-needed financial impetus to steer through the competitive waters of our industry.
Given the vast array of choices at my disposal, my resolve remains firm. I am on the lookout for a company that not only resonates with the distinct challenges and requirements of the trucking industry but also offers competitive rates. Furthermore, timely fund disbursement is a non-negotiable criterion for me. This online expedition is not just another search. It's a pivotal stride towards identifying that perfect ally, one that empowers us to consistently uphold our service quality, ensures our fleet's prime condition, and fortifies our leadership stance in this demanding industry.
It's hard to ignore the fact that each trucking factoring company out there boasts about their outstanding flexible rates, no long-term contracts, swift same day or same hour payments, absence of up-front fees, and the freedom from monthly minimums or maximums.
Selecting the perfect invoice trucking factoring company can be daunting, yet our extensive expertise, transparent fee policy, and exceptional commitment to customer satisfaction make it a well-informed and stress-free decision.
Our 40 years of trucking factoring experience have given us a deep understanding of the financial industry and the ability to provide innovative solutions to meet your unique needs. The trust our clients place in us, reflected in their referrals, is a clear indication of our commitment to providing exceptional service. Our competitors cannot match our extensive trucking factoring experience and established success.
Imagine a world where you don't have to wait for customers to pay their freight bills. With our factoring service, you can get up to 100% of the invoice amount upfront, while we handle the rest. Once they've paid, you'll get the rest, less our small fee. This isn't a loan, there's no debt, just an immediate cash injection for your business.
When fuel price swings threatened the survival of my trucking business, this factoring company came to my rescue with their up-to-100% advance. Their unwavering support and financial stability helped me overcome the toughest of times. If you're tired of being left high and dry during fuel price fluctuations, I highly recommend this factoring company. They will be your trusted partner in keeping your trucks on the road. - Alexander.
When fuel prices unexpectedly rise, you won't be left in a difficult situation. Our up-to-100% advance ensures that your trucks will continue operating smoothly, irrespective of fluctuating costs. Unlike our competitors, we prioritize your financial stability.
Thwart the threat of upkeep expenses eating into your profits. Our high advance rates ensure that late-paying customers won't disrupt your fleet's maintenance. This edge in providing quick cash sets us apart from the competition.
We handle your customers professionally, understanding that their relationships are the foundation of your business. Our role is not that of a collection agency but rather your Credit and Collections Department for factored invoices. Through our services, we make calls on your behalf to stay informed about payment statuses, monitor check dates, and convey messages. This ensures that you and your team can focus on more immediate concerns.
Your factoring company's commitment to efficiency and professionalism is unmatched; our customers have enjoyed a trouble-free journey, and our business has thrived as a result. - Andrew.
The shortfall of qualified drivers won't impede your progress. With our factoring services, we provide the financial backbone necessary to attract and keep the best drivers. We outshine our competitors by ensuring your financial strength for sustained growth.
Say goodbye to the stress of managing your factoring services with our cutting-edge online platform. Enjoy convenience and transparency at every turn.
Your factoring services have been a game-changer for our business, offering the perfect blend of financial support and resources to optimize our operations. - Christopher.
What exactly is trucking factoring and how can it help my Midland business? Is it like a loan? Will I incur any debt?
Find Out HereWhat makes your company any better than any other trucking factoring company?
Find Out HereWhat other advantages do you offer me?
Find Out HereHow do I know if you’re the right company for my Midland business?
Find Out HereI only have one truck or I’m a start-up. Am I too small for your company?
Find Out HereI have been turned down by banks, will I qualify for factoring?
Find Out HereI have tax liens. Can you help me?
Find Out HereI have a UCC Filing against my company. Can you help me?
Find Out HereCan I know what your fees and rates are up front?
Find Out HereAre there any monthly minimums? What kind of agreement do I need to sign?
Find Out HereI don’t want to factor all my loads. Do I have to give all my invoices to your company?
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“When fuel price swings threatened the survival of my trucking business, this factoring company came to my rescue with their up-to-100% advance. Their unwavering support and financial stability helped me overcome the toughest of times. If you're tired of being left high and dry during fuel price fluctuations, I highly recommend this factoring company. They will be your trusted partner in keeping your trucks on the road. - Alexander.”
What do I need to submit for approval and how long does the process take?
Find Out HereHow am I evaluated in the approval process?
Find Out HereOnce approved, how do I get my money from your company?
Find Out HereHow much of my load will I receive up front, and how soon will I get the money?
Find Out HereThis is all new to me. Are you easy to work with?
Find Out HereI don’t like talking to robots or call centers. Can I talk to a real person when I need to?
Find Out HereHow will you work with my customers to collect their money?
Find Out HereWill I be able to keep track of collections from my end?
Find Out HereI’m not familiar with your company. How do I know you’ll be in business when I need it?
Find Out HereCan my company use factoring?
Find Out HereImagine if you could receive immediate payment for the freight bills you send to your customers, without waiting for 30-60 days or more. With our trucking factoring company, that's exactly what you can do! We offer you the opportunity to access up to 100% of the payment right when you need it, with no reserve involved. We take care of collecting the payment from your customers, allowing you to focus on managing other key areas of your trucking business. Once your customer pays the bill, we refund the remaining 3-15% reserve balance to you, after deducting the factoring fee. Keep in mind that this is not a loan, so there's no debt to worry about. You can put that money to immediate use and fuel the growth of your trucking business.
Back to the TopWith a legacy that spans over four decades, we have been in business since 1979. As a privately owned company, we have built a solid financial foundation that has helped us navigate economic downturns that have caused other businesses to falter. We understand the challenges that arise during tough times. Our commitment is to provide you with expert financial advice, whether the times are favorable or challenging. Count on us to be there, supporting your trucking business and ensuring its continuous smooth operation and strength.
Back to the TopWith a legacy that spans over four decades, we have been in business since 1979. As a privately owned company, we have built a solid financial foundation that has helped us navigate economic downturns that have caused other businesses to falter. We understand the challenges that arise during tough times. Our commitment is to provide you with expert financial advice, whether the times are favorable or challenging. Count on us to be there, supporting your trucking business and ensuring its continuous smooth operation and strength.
You can be sure you're making a wise choice with our factoring company. We've been funding companies from various industries since 1979. If your needs go beyond our service range, our extensive resource network can help you find the best match for your business. You'll appreciate our ability to adjust to your specific needs. Our company is superior to others due to our vast resources and custom-fit solutions.
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We work alongside trucking companies, no matter their size or longevity. Small businesses are like the heartbeat that keeps our economy alive and flourishing.
Back to the TopIf you haul loads for trustworthy companies and don't want to deal with delayed payments, factoring can be a beneficial option. If your customers have a solid payment history, factoring is worth exploring.
Back to the TopOf course! If you and the IRS have a payment agreement in place, there's a good chance we can lend a hand.
Indeed, if the UCC is holding your unpaid bills as collateral, we'll need the lender to agree to lower its priority or end it to enable factoring. Factoring requires having the top spot with the UCC for your unpaid bills. We can assist you in managing that process.
Back to the TopDefinitely! Unlike most companies, we're upfront about our fees and rates right from the beginning. Our factoring rates are highly competitive in the industry and depend on factors such as the number of trucks you have, the amount of business you want to factor, the type of loads, and any risks associated with your customers. We provide funding through various methods like ACH, wire transfer, and electronic invoice submission. Each of these options may have a small fee, which we'll clearly explain when we present our factoring proposal. You won't encounter any setup fees like with other companies, and there are no monthly minimum fees or any extra charges either.
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No commitments or minimum requirements! In fact, you can personally choose which invoices you'd like us to assist you with. Moreover, we offer agreements starting from just 90 days. Our factoring program is comparable to having a credit card in your wallet, readily available for use whenever necessary. Contact us now and let's get started today!
Back to the TopNo issue, you can select the accounts you want to factor. You have the option to choose the specific invoices you want to submit for funding whenever you want.
Back to the TopFill out a quick online form and provide: evidence of insurance; a photocopy of your driver's license; official documents like Articles of Incorporation or Fictitious Business Name Statement (DBA filing); a duplicate of your W-form; and maybe a couple more papers depending on how big your business is. Usually, it takes about a day to get a proposal, and from the beginning to the time you receive the funds, it usually takes around to days.
Back to the TopSet up your business as a legitimate entity (Corporation, LLC, sole proprietor) with the necessary authorization (DOT or MC) and insurance. Additionally, make sure your customers have a good financial standing.
Back to the TopYou share your invoice, bill of lading, load confirmation, and any related backup documents with us.
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You bet! We're a privately held company, made up of entrepreneurs who understand your predicaments. We've been there and we're ready to guide you throughout your journey. We make sure we comprehend your situation to provide a personalized plan for your business. Contact us today for an obligation-free discussion!
Back to the TopYou bet! When you come on board with us, we'll connect you with your very own Account Executive. They'll take the time to understand your business on a deep level, which enables us to offer you unique assistance that goes above and beyond what others can offer.
Back to the TopOur interactions with your customers are handled professionally and respectfully, as we recognize their significance to your company's success. It's worth noting that we are not a collection agency. Rather, we function as your dedicated Credit and Collections Department for factored invoices. This involves reaching out to your customers to inquire about payment statuses, noting check dates that we can provide you with, and passing along any relevant messages. In essence, our goal is to streamline the process and give you the freedom to concentrate on more important matters.
Back to the TopSure thing! You'll have online access to aging reports, and we'll keep you in the loop regarding any collection issues to ensure there are no surprises popping up.
We prioritize the use of advanced technology to simplify the funding process. This includes electronic invoice submission, online reporting, credit checks, and other emerging methods that enhance efficiency and lower costs. By leveraging technology, we can offer you more competitive rates compared to other companies. Reach out to us today, and we'll showcase the unique advantages we provide that distinguish us from the competition.
Back to the TopTransportation companies rely on our factoring solution to optimize their cash flow and improve their financial outlook. Initiating the process is straightforward—simply give us a call, and we'll be happy to assist you.
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