Trucking Factoring Companies| Take This One Minute Test| at longhaultrucking.org
Time 2021-11-09 07:06:01Web Name: Trucking Factoring Companies| Take This One Minute Test| at longhaultrucking.org
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Trucking Factoring Companies
All transportation factoring companies give you cash for your invoices for your business. Except, they are not all identical.
With hundreds of transportation factoring companies to choose from making one claim after another, so how do you go about selecting the right one for your business?
There are transportation factoring invoice factoring companies that will definitely give you more than just cash.
With some trucking factoring firms, your business also receives unequalled service and financing programs to further help your company grow.
Here's what you should know to pick the right transportation factoring business for your business. You're probably thinking, "I'm too busy for this!"
We'll give you a hand to help you make this choice effortlessly. And you'll learn why over 45% of our new business comes from Client Referrals. Easily the best referral rate in the factoring industry.
No other company comes close!
Call Now at 1-866-593-2195If you haven't heard of Invoice Factoring, it is basically a quick way to get cash from your accounts receivable.
Invoice Factoring is Not a LoanWhen you give your customers an invoice, they usually have 30 days to pay you back. Invoice Factoring companies will give you the bulk of the cash up front, sometimes within 24 hours, and collect the payments from your customers themselves. Once the invoices are paid in full, you’ll get the balance left over, minus a small fee.
Invoice Factoring Doesn't Require Debt
Sounds simple enough – fast cash for your business – no loans, no debt.
All claim they have the most affordable rates in the industry, no long-term contracts, fast- same day/same hour payments, no up-front fees, no monthly minimums or maximums etc..
We also provide all of these benefits, however we also DELIVER JAW-DROPPING SERVICE AND PROGRAMS that other factoring firms simply don't and can't.
How can you prove this? The proof is, over 40 percent of our new business comes from existing client referrals. As you probably know business clients don't give out referrals in a helter-skelter way. Especially since their reputation is at stake, no one wants to risk handing out a bad referral; it can come back to haunt you. They make referrals to help their business friends and it feels good to help.
Not even close,no other factoring business comes even close to our standard of A-list services and products.
FINANCIALLY SOLID AS A ROCK
We have been in the factoring business since 1979, are privately owned, and have a formidable track record of being FINANCIALLY SOLID AS A ROCK. We have survived many of the economy's booms and busts and having had these experiences, can help you get through any challenging times you might suffer. We won't fold up shop when the times get challenging, as a few factoring companies sadly have before.
ENTRANCE INTO A KING-SIZE NETWORK
All factoring companies have criteria for size, industry, and risk. It's pretty hard for you to determine which factoring business will work best for you. By reaching out to us, we can cut out a tremendous amount of time by helping you locate the right match for your company - it might be us or another factoring company.
We have a king-size network of factoring industry counterparts, these mutual relationships were built over 20+ years in the business. So, after you take the time to lay out your needs to us, you'll quickly learn that we can help you find exactly what you need.
No Minimum
Almost all factoring companies allow you pick and choose your customers to factor. Except a few of them usually have a minimum amount prior to doing business with you. With us you have the freedom to pick and choose what to factor on an invoice by invoice basis with no minimum.
Our factoring agreement is pretty much like carrying a credit card in your pocket. You have it to use when you want it but don’t sign an agreement which will make you use factoring when you don't want it.
NO HIDDEN FEES
Almost all factoring companies will not be upfront about their fees. You'll need to rent a metal detector to uncover those fees. You can be sure, We will not treat you this way. We are unconditionally upfront about our fees. When you apply, you are presented with an easy to understand, no obligation rate bid with the fee for your business. Good luck finding another factoring company, if any, that will be unconditionally upfront with their fees before they try and get your business.
HIGHER ADVANCE RATES
An "advance" rate is the percent of the invoice face value that you’ll receive upfront. Receivables Factoring industry averages for advance rates range from 70-90% of the face value of the invoice. As an example, if your customer owes you $1,000, you will get an advance payment of $700 to $900 to your account. Our usual advance rates are higher than average - at 85-97% depending on industry and your customer payment track record.
PERSONALIZED
Some factoring firms are financed by Wall Sreet investors. We are an independently owned company and don't take marching orders from investors and boards. Like you, we are like-minded business people and we have jumped many of the hurdles that a business deals with. We take the time to hear your story, go over your concerns. Based on that information we will put together a tailored solution for you. Almost all factoring firms especially the Silicon Valley ones usually look for the algorithm to determine your company's funding program. Who do you want to depend on as a cash flow partner to fund your business?
Dedicated Account Administrators
Almost all factoring companies have either a lot of employee turnover, a complex voice mail system that you get lost in or operate call centers where you talk with a new representative every time you call in. We operate differently, you get your own dedicated account administrator to be your point of contact – who knows your business intimately, and can help you in ways the others just can't or don't want to be disturbed.
Look After Your
Client Relationships
Don't neglect the fact that the factoring business will be communicating with your customers on your behalf. Our level of service, stability and longevity, and the caliber of our employees is beyond compare. We have been in business since 1979 and have veteran staff who who have seen it all. Choose us not only for your well-being but for the well-being of your relationship with your customer too. Not only will you benefit from our extraordinary service and real-world know-how, but so will your customers.
Our Business
is Your Business
Together, we establish a credit risk tolerance guideline to limit your customer write-offs. In addition, we watch each invoice and follow them as your own credit and collections department would. Once they hit the due date we place friendly reminder calls and/or emails on your behalf and keep notes as to when it is scheduled to be paid, and send copies if needed until payment is made.
Payment Trend Alerts
Our business credit monitoring systems allow us to spot recent negative trends so that we can protect you from dicey transactions. You have instant access to online aging reports and your dedicated account administrator is always in the loop and given advance notice of any collection concerns in order to correct them without delay.
THE LATEST CUSTOMER CREDIT HISTORY
You get instant direct online access to your customer’s business credit reports, or you can call and speak with your account administrator – your choice. Stay tuned to negative payment trends. This is crucial to run your business efficiently.
LEADING EDGE TECHNOLOGY
Our company adopts first-rate technology to smoothly run the funding process, such as electronic submission of invoices, online reports, online credit checking and other emerging methods to streamline the process and reduce overhead, which leads to better rates for you. Almost all other companies are not even in the same neighborhood.
FINANCIALLY SOLID AS A ROCKWe have been in the factoring business since 1979, are privately owned, and have a formidable track record of being FINANCIALLY SOLID AS A ROCK. We have survived many of the economy's booms and busts and having had these experiences, can help you get through any challenging times you might suffer. We won't fold up shop when the times get challenging, as a few factoring companies sadly have before.
ENTRANCE INTO A KING-SIZE NETWORKEvery factoring company has a preference for size, industry, and risk. It’s impossible for you to know which company is the best fit for you. By contacting us, we can save you a tremendous amount of time by helping you find the best match for your business - whether it’s with us or another company.
We have a vast network of industry colleagues that we’ve built over 20+ years in the business. So, when you take the time to explain your needs to us, we can be the “one stop shop” to help you find exactly what you’re looking for.
No MinimumAlmost all factoring companies allow you pick and choose your customers to factor. Except a few of them usually have a minimum amount prior to doing business with you. With us you have the freedom to pick and choose what to factor on an invoice by invoice basis with no minimum.
Our factoring agreement is pretty much like carrying a credit card in your pocket. You have it to use when you want it but don’t sign an agreement which will make you use factoring when you don't want it.
No Hidden Fees
Almost all factoring companies will not be upfront about their fees. You'll need to rent a metal detector to uncover those fees. You can be sure, We will not treat you this way. We are unconditionally upfront about our fees. When you apply, you are presented with an easy to understand, no obligation rate bid with the fee for your business. Good luck finding another factoring company, if any, that will be unconditionally upfront with their fees before they try and get your business.
Higher Advance RatesAn "advance" rate is the percent of the invoice face value that you’ll receive upfront. Receivables Factoring industry averages for advance rates range from 70-90% of the face value of the invoice. As an example, if your customer owes you $1,000, you will get an advance payment of $700 to $900 to your account. Our usual advance rates are higher than average - at 85-97% depending on industry and your customer payment track record.
Personalized SolutionsSome factoring firms are financed by Wall Sreet investors. We are an independently owned company and don't take marching orders from investors and boards. Like you, we are like-minded business people and we have jumped many of the hurdles that a business deals with. We take the time to hear your story, go over your concerns. Based on that information we will put together a tailored solution for you. Almost all factoring firms especially the Silicon Valley ones usually look for the algorithm to determine your company's funding program. Who do you want to depend on as a cash flow partner to fund your business?
Dedicated Account AdministratorsAlmost all factoring companies have either a lot of employee turnover, a complex voice mail system that you get lost in or operate call centers where you talk with a new representative every time you call in. We operate differently, you get your own dedicated account administrator to be your point of contact – who knows your business intimately, and can help you in ways the others just can't or don't want to be disturbed.
Industry VeteransDon't neglect the fact that the factoring business will be communicating with your customers on your behalf. Our level of service, stability and longevity, and the caliber of our employees is beyond compare. We have been in business since 1979 and have veteran staff who who have seen it all. Choose us not only for your well-being but for the well-being of your relationship with your customer too. Not only will you benefit from our extraordinary service and real-world know-how, but so will your customers.
Our Business is Your BusinessTogether, we establish a credit risk tolerance guideline to limit your customer write-offs. In addition, we watch each invoice and follow them as your own credit and collections department would. Once they hit the due date we place friendly reminder calls and/or emails on your behalf and keep notes as to when it is scheduled to be paid, and send copies if needed until payment is made.
Payment Trend AlertsOur business credit monitoring systems allow us to spot recent negative trends so that we can protect you from dicey transactions. You have instant access to online aging reports and your dedicated account administrator is always in the loop and given advance notice of any collection concerns in order to correct them without delay.
Customer
Credit History
You get instant direct online access to your customer’s business credit reports, or you can call and speak with your account administrator – your choice. Stay tuned to negative payment trends. This is crucial to run your business efficiently.
first-rate TECHNOLOGYOur company adopts first-rate technology to smoothly run the funding process, such as electronic submission of invoices, online reports, online credit checking and other emerging methods to streamline the process and reduce overhead, which leads to better rates for you. Almost all other companies are not even in the same neighborhood.
We have been providing the industry with fast cash for over 40 years. We keep your wheels in motion. Our freight bill factoring programs offer some of the highest advance rates with no minimum monthly requirements, completely transparent fees, dedicated account representatives, same day funding, electronic submission of invoices, real time account reporting and free access to up-to-date customer credit status. Through our partnership with a leading fuel card provider, clients have access to steep industry-wide savings available on virtually everything you need to run your trucking company. Areas of savings include: Get substantial fuel savings at over 1,900 locations, such as Loves, Pilot Flying J, TA, Petro, and more. Examples include: • Oil/Lubricants • PM/DOT • Parts • Fleet Maintenance Supplies • Breakdowns • Mud Flaps
transportation industry! We have the best deals for
the transportation industry! We have the best deals for the transportation industry!
on all your trucking needs.
As you can see, we just simply have more to offer you.
Other factoring companies don't even come close.
And Not Every Factoring Companies Can Claim This:
About half of our new business comes through client referrals.
Definitely ! Companies of all sizes, from small privately-owned companies to large multi-national corporations, use factoring to increase their cash flow. Factoring covers all industries, including trucking, transportation, manufacturing and distribution, textiles, oil and gas, staffing agencies and more.
Companies use the cash generated from factoring to pay for inventory, buy new equipment, add employees, expand operations—basically any expenses related to their business. Factoring allows a company to make quicker decisions and expand at a faster pace.
Unlike a bank loan, factoring has…No principle or interest to pay over timeNo debt to repayUnlimited funding potential – no capsFast funding – no waiting months like at a bankApproval is based on the strength of your clients, not your creditStartups are welcome in using funding services