Trucking Factoring
Freight factoring can eliminate cash flow shortages for carriers and trucking companies of all sizes
Trucking factoring. Our freight factoring program offers a full range of flexible funding options that include freight bill factoring and ledgered line of credit tailored specifically for trucking companies including owner-operator truckers and large fleet carriers.
THE PROCESS IS SIMPLE
- Complete the simple application process (online)
- Get approved (agreement is then signed)
- You submit invoices (invoices are verified)
- Funds are deposited into your bank account
OTHER ADVANTAGES
- High advances on freight bills
- Invoice factoring and line credit options
- Non-recourse option available
- Affiliate network with resources to help fund most situations
- A simple application process
- The program adapts to your needs
- Availability as you grow
- Increase your customer base
- Free credit reports on your customers
- Your carriers are paid quickly
- Fuel advances (carriers)
- Comdata fuel cards
- Funding for established brokers and startups
- Freight bill invoicing and collections
- Complete online access to your account
INTERESTED IN A LINE OF CREDIT?
A ledgered line of credit can be the right solution for trucking companies that are presently on a traditional line of credit but struggling with the stringent financial requirements and conditions of the credit line, which might be restricting the business and possibly limiting growth. A ledgered line can also be ideal for carriers under an existing factoring facility who are considering a line of credit but are concerned with the restrictive covenants of a traditional line.
The ledgered line of credit is tailored specifically for trucking and transportation companies, it's flexible, it works like a traditional line and it comes with an ABL pricing structure, but unlike a traditional line of credit, there are no restrictive covenants and requirements.
SIGNIFICANT ADVANTAGES:
- No audit requirements
- No restrictive financial requirements
- No restrictive covenants
- No financial ratio requirements
- No concentration restrictions