Freight Factors. Advice To Trucking Companies Who Want To..

We are a nationwide company offering
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%)

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 freight factors team at
1-888-239-9162 or
Email Us or complete our

ONLINE REQUEST FORM

FACTORING COMPANY HOME PAGE

How the Freight factors Discount Is Determined

The freight factors company is more concerned with your customers’ ability
to pay than with your own business’s credit rating. In this sense, the quality
of your receivables is what counts for a freight factors company, and will probably
influence the amount of the discount.

This discount varies considerably, and will depend on the freight factors company,
and probably particularly on the age of the freight receivables.

Advantages of Freight Factors Factoring

Freight Factoring accounts receivable can be beneficial in various different
freight business situations. The following are some of its comparative advantages:

By using freight factors, your accounts receivable you can have almost immediate access to cash.
Freight Factors can improve your cash flow by providing an ongoing source of cash. If you continue using freight factors, new invoices will replace those that are paid. As long as your freight business generates sales and accounts receivable, you can factor them and receive cash.

Is Freight Factors Right For My Business?

There are several variables that should be weighed in your decision about
whether to use freight factors for your accounts receivable.

Aspects to Consider

Your cash flow will be a primary consideration, as will the availability of other
forms of financing, such as bank loans. The amount of working capital you have
tied up in accounts receivable with payment terms of 30, 60 or 90 days, will influence your decision.
The credit-worthiness of your customers will affect the advance rate
and the discount rate that factors are willing to offer.

The application for getting started with a freight factors company is normally
a relatively short process that could take just a few working days. Your receivables
should be properly documented, supported by the invoices to be factored, and your
product must have been delivered and accepted by the customer, or your service completed,
before the freight factors company will purchase the receivables.