Factoring Company For Truckers
Freight factoring is a valuable financial tool and friend to truckers worldwide.
Factoring company for truckers. Fleets owner operators and other trucking companies can resolve cash flow issues by selling their unpaid invoices to one of these recommended factoring companies. Factoring for trucking allows your business to keep its wheels turning bid on new jobs and never miss out on new opportunities. We ve found the best factoring companies for trucking that can help you get the funds you need for your business. If you re currently factoring loads but not receiving the funds within 24 hours it s time to find a new factoring company that can make the process faster for you.
Apex capital corp is the leading full service factoring company for truckers. Serving world class customer service since 1995 apex began when friends david baker and dean tetirick pooled their resources to open a company that makes a difference. Mt except banking holidays. Fast get cash in as few as 48 hours or less in certain circumstances by selling your most current invoices to a freight factoring company.
The freight factoring company collects payment from your customers and sends you any reserve as final payment. Talk to one of our factoring experts at 888 777 5543. The freight factoring company purchases your freight bills and sends you cash for up to 100 of the invoice less factoring fees within 24 to 48 hours. Trucking factoring enables owner operators.
Truck factoring companies advance you cash to keep your trucks on the road but. Factoring allows trucking companies to turn their receivables into immediate cash for fuel payroll repairs and more. The best truck factoring companies will get the cash in your hand in as little as 24 hours. Freight bill factoring allows you to get paid immediately so you can use the capital to find new loads or improve your business instead of waiting for invoices to be paid in full.
Addresses for paperwork please send payment to. What truckers should look for in a freight factoring company fast cash. Business hours are monday through friday 6 a m 5 p m. Free load board access.
Box 561280 denver co 80256 1280. The factoring company then pays the carrier the full amount of the invoice minus a small percentage within as little as 24 hours. Many truck factoring companies have a minimum volume requirement in their contract which states how many dollars worth of freight bills you have to process with them in order to be their client often at least 25 000 to 50 000 per month. Factoring is an easy way to manage cash flow for your trucking company.