Turn Your Freight Bills Into Cash in
3 Easy Steps

-1-  Contact Us
-2-  Send Us Your
        Freight Bills
-3-  Take Your Cash

Call our
Trucking

Factoring Specialists at

1-888-266-0197
or
Email Us
or complete the
OnLine
Trucking Factoring Request Form



Warning!
Do Not Sign A Long-Term Contract


Six To Twelve Months in the trucking world can be very volatile.


The danger with a
long-term contract is that you pay a  "stiff fee" to keep or
escape it.

You will still have to
pay the full rate and fees if you experience
a decrease in the number of trucks that you are running.

Our terms flucuate with your business cycles.

Why Should You Choose Us.

NO ANNUAL TERM FACTORING
CONTRACT REQUIRED

Other trucking factoring  companies require
you to sign a restrictive contract that
ranges from 6 months to 1 year or longer.
And they require you factor with them
during that entire time. With us, factor only
what you choose

 

 

 

 

 

 

 

 

 

 

Call our
Trucking

Factoring Specialists at

1-888-266-0197

 or
Email Us
or complete the
OnLine
Trucking Factoring Request Form








 

HIGHEST CASH
ADVANCES (up to 97%)

We offer the highest advances in the
trucking factoring industry. 
How can we offer such advance rates? 
By using our own money in tandem with our stellar banking relationship.
 
LOWEST TRUCKING FACTORING RATES
Factoring trucking leader;
We have the lowest trucking factoring rates in the industry  


100 YEARS
COMBINED EXPERIENCE

With over 100 years combined experience in factoring for the
trucking industry.
Our knowledge and experience enables us to have a working understanding of the unique demands you face each day.

24/7 Online account management tools
Our online services let you view your reports and collection activity updated daily.

Startup companies
are welcome. 

Startups Are Our Specialty!
Did you just get your authority?
Going out on your own after being leased on? 
If your trucking company is just getting started, you've come to the right place.
We can help you identify quality customers,
strengthen your credit with positive cashflow,
and have our account managers professionally represent your company.

Call our
Trucking

Factoring Specialists at

1-888-266-0197

 or
Email Us
or complete the
OnLine
Trucking Factoring Request Form

 

 

 

 

 

 

 

 

 

 

 

 

  Hired of the ups and downs

of your unpredictable cash

flow cycle? Is the

uncomfortable ritual of

making incoming cash

receipts stretch to cover short-term

obligations leaving you drained at the

end of the day?

 

It's time to find a way to fill up the

empty cash flow tank. One way to

replenish and watch your gauges

change is to work with a factoring

company.

 

With your cash flow gauge on full,

you can make payroll, keep your

trucks fueled, handle routine

maintenance and surprise repairs all

in the same cash flow tank.

 

In recent years, an increasing number

of businesses, especially trucking

companies, have discovered that

factoring accounts receivable can

combat the ups and downs of unpre-

dictable cash flow cycles. More

importantly, factoring companies are

providing the transportation industry

with a viable source of working

capital when conventional financing

is not an option.

 

Factoring is the purchase of

creditworthy accounts receivable in

exchange for immediate cash. Put

 

simply, you can sell a current freight

bill and Viola - instant cash flow.

 

Freight bills are great assets because

the driving is either already done or

the service has already been delivered,

and you are just waiting for the check

to come in the next 15-35 days.

Usually, businesses need the money

owed them well before their

customers pay - even if the customers

are paying in a timely manner.

 

Factoring companies can do the

waiting for you. Depending on the

agreement, businesses can pick and

choose which freight bills they wish

to sell to the factor, who advances 90

percent or more of the face value of

the invoice in the first 12-24 hours in

which it was generated. The balance

of the funds, less the discount fee, is

released once the invoice is collected

by the factor.

 

The cost of doing business with a

factoring company is the discount

taken on the freight bills submitted

for funding. Fees range from 1 to 3

percent, depending on volume,

creditworthiness of the customer

being invoiced and the overall risk.

 

' Although the fees sound steep,

factoring companies have found that

most of their clients increase their

 

revenues by much more than the cost

of the factoring services because they

have the cash they need for operating

costs and market growth.

 

Anticipated profits cannot be used to

pay for short-term obligations such as

taxes and general overhead costs.

Most factoring clients absorb the

costs into their pricing and take a tax

deduction for the business expense

incurred for the factor's services.

 

In addition to providing immediate

cash on freight bills, the factor

performs valuable credit analysis on

new and existing customers and

conducts professional, routine

follow-up on freight bills as they

become due. Business consultation

and monthly updates also help round

out the factoring package.

 

Factoring helps place the owner or

business manager, who spends a

good portion of the day collecting,

bookkeeping and searching for

capital, at peace. It also frees up

some of their time to devote to

other important aspects of business,

such as sales, dispatching and driving.


http://usloadsource.com/truck-factoring-how-to.html

http://usloadsource.com/truck-factoring-factoring-information.html

http://usloadsource.com/truck-factoring-more-financing.html

http://usloadsource.com/truck-factoring-getting-started.html

http://usloadsource.com/truck-factoring-cash-flow-cycle.html

 

 

 

 


More trucking factoring information at USloadsource.com http://usloadsource.com

The federal government has been regulating prices and competition in interstate transportation ever since Congress created the Interstate Commerce Commission (ICC) to oversee the railroad industry in 1887. Truckers were brought under the control of the ICC in 1935 after persistent lobbying by state regulators, the ICC itself, and especially, the railroads, which had been losing business to trucking companies.

The Motor Carrier Act of 1935 required new truckers to seek a "certificate of public convenience and necessity" from the ICC. Truckers already operating in 1935 could automatically get certificates, but only if they documented their prior service, and the ICC was quite restrictive in interpreting proof of service. New trucking companies, on the other hand, found it extremely difficult to get certificates.

The law required motor carriers to file all rates—also called tariffs—with the ICC thirty days before they became effective. Anyone, including a competitor, was allowed to inspect the filed tariffs. If the proposed tariffs were protested by another carrier (such as a trucker, a regulated water carrier, or a railroad), the ICC normally suspended the rates pending an investigation of their legality. In 1948 Congress authorized truckers to fix rates in concert with one another when it enacted, over President Truman's veto, the Reed-Bulwinkle Act, which exempted carriers from the antitrust laws.

From 1940 to 1980, new or expanded authority to transport goods was almost impossible to secure unless no one opposed an application. Even if the proposed service was not being offered by existing carriers, the ICC held that a certificated trucker who expressed a desire to carry the goods should be given the opportunity to do so; the new applicant was denied. The effect was to stifle competition from new carriers.

Purchasing the rights of an existing trucker became the only practical approach to entering a particular market. By the seventies the authority to carry certain goods on certain routes was selling for hundreds of thousands of dollars. Because the commission disapproved of "trafficking" in rights, it was hostile to mergers and purchases and attempted to restrict authority as much as possible. The result was often bizarre. For example, a motor carrier with authority to travel from Cleveland to Buffalo that purchased another carrier or the carrier's rights to go from Buffalo to Pittsburgh was required to carry goods destined for Pittsburgh through Buffalo, even though the direct route was considerably shorter. In some cases carriers had to go hundreds of miles out of their way, adding many hours or even days to the transport.
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