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 Freight Factoring Specialists at
1-866-593-2195
or
Email Us
or complete the
OnLine
Truck Factoring Request Form


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"I've been doing business with
you for close to a year.

I've received professional, courteous service.
Being a  transportation company,
a steady cash flow  is very important
to stay in business today.
You help keep my business trucking."

-J.P., Owner


Our customers tell us
that our combination
of low rates and exceptional service makes
us the best choice in the trucking industry
for factoring services.


Is Factoring For You?

The key to knowing if factoring is for you is to not
to look only at the bottom-line factoring fee, but also to
consider how your company may increase it's profits through factoring.

Here is additional information on factoring
to help you with your decision.

How are fees and advance rates determined?
It is based on several factors:
The creditworthiness of your clients
Your monthly billing volume
Average invoice size
Average days to payment
Fees can range from 2-5 % of the invoice's face value.
For example if the invoice's value is $1,000; a fee of 3% equals $30.

What is an advance?
The amount of money you receive immediately when we
buy your invoice. The balance is returned to you when
your customer pays the invoice.
Advances range from 60-95% of the invoice's face value.
For example if the invoice's value is $1,000 an advance
rate of 80% equals $800. The balance of $200 less the
factoring fee is returned to you when your customer pays the invoice.

Comparing Bank Lending Rates to Factoring?
When compared to bank lending rates, factoring
initially appears to be very expensive. Here are five typical
questions/concerns that are raised by potential factoring clients

  1. Wow! 3 points per month! That's 36 percent year!
    It is tempting to annualize the numbers, but that is an "apples and oranges" comparison.Banks loan money at an annualized interest rate, 12 percent per year for example. We purchase your receivables at a discount. The products are different and there are other inconsistencies to this inappropriate comparison

    The bank provides the money only one time, the day that you receive the loan; we provide money continuously. As an example, consider a bank loan for $100,000 at 12 percent. You receive the $100,000 just one time and then pay $1,000 interest per month interest and you still owe the $100,000. Or the bank could provide you with a line of credit that you use only when you need the money but the bank is charging you for that privilege and if you need to increase your line you need to go through the qualifying process all over again.

    When you factor $100,000 each month for a year you have the use of $1.2 million (12 x $100,000) over the year. Unlike a bank loan where you have just $100,000 one time. Assuming a 3 point discount, the fees over the year will be 12 x $3,000 or $36,000, which is still 3 percent of $1.2 million. And at the end of the year you have no debt!

  2. I'm only making 3% profit, how can I pay you 3 points?
    A company making only 3% net profit can do more business volume as a result of factoring, and the larger volume will result in a higher profit margin because fixed costs do not increase with volume. The added business at a higher marginal profit leads to an increased overall profit margin. As the volume increases, the cost of production decreases, so that profits increase. Fixed costs i.e., rent, electric, insurance, etc., increase very little or not at all with volume. An increase in business will not affect rent. Electric bills may rise slightly. Workers compensation insurance may rise slightly. These costs do not increase as do direct production costs.

    Let's graphically do the math assuming you can double your sales
    Without Factoring
    Monthly Gross Sales $50,000
    Cost of Goods Sold $30,000 60% of Gross Sales
    Monthly Gross Profit $20,000 40% of Gross Sales
    Fixed Expenses $10,000
    Variable Expenses $8,500 17% of Gross sales
    Factoring Fee N/A
    Total Expenses $18,500 37% of Gross Sales
    Monthly Net Profit $1,500 3% of Gross Sales

    With Factoring
    Monthly Gross Sales $100,000
    Cost of Goods Sold $60,000 60% of Gross Sales
    Monthly Gross Profit $40,000 40% of Gross Sales
    Fixed Expenses $10,000
    Variable Expenses $17,000 17% of Gross Sales
    Factoring Fee $3,000 3% Fee
    Total Expenses $30,000 30% of Gross Sales
    Monthly Net Profit $10,000 10% of Gross Sales

  3. But I only get 80% of my money upfront!
    Let's assume an advance rate of 80%. Let's also assume that you begin factoring in January. You have factored $100,000, we pay you $80,000 of that money upfront, with the remaining money making up the fee (3%) of $3,000 and the reserve (17%) of $17,000.
    Now in February, you once again factor $100,000 and receive $80,000. However. you also receive your January reserve of $17,000(assuming your customer pay in 30 days). So for February, you actually receive 97% of your money, instead of 80%.
    In the second month and going forward you are basically receiving 97% of your cash flow.

  4. But what if my customers take longer than 30 days to pay?
    You have several options, Assume your client takes 60 days to pay you bill your client in the normal fashion and simply allow 30 days to go by prior to factoring that invoice. That way you pay the 30 day fee.
    Another way is to factor your faster customers first for the cash you need.

Get Your Cash Today

Call our trucking specialists at

1-866-593-2195 or

Email Us

or complete the

OnLine Truck Factoring Request Form

Why You
Will Benefit By Using Our Freight Factoring Services


HIGHEST CASH
ADVANCES (up to 97%)

We offer the highest advances in the truck factoring industry. 
How?

Because we use our own money. The others are
restricted by their banks

LOWEST TRUCK
FACTORING RATES

Truck Factoring leader;
We have the lowest
factoring rates in
the industry
 
How?
Because we use
our own  money.
The others are restricted
by their banks.


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.


NO ANNUAL TERM FACTORING CONTRACT REQUIRED
Other truck 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.


NO MINIMUM DOLLAR AMOUNT FOR EACH INVOICE.
You may factor all of your accounts or you may choose to factor only a few. In other words, you can customize your own account!

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.

Why Factoring
is Necessary

"A sale is not a sale until you collect the money"
Are you a part -time banker for your customers?
Take a look at your accounts receivable aging....

Please click here to continue 

Factoring Benefits
Receive money in as few days as two to four days.

Maintain complete control of your business.

Remove or lessen the business costs
associated with the collection process.

Please click here to continue