WHAT IS FREIGHT BILL FACTORING?
Freight bill factoring is the purchase of accounts receivable for immediate cash.
Factoring gives businesses the power to ensure growth without incurring debt

WHAT ARE THE BENEFITS OF FACTORING?
Virtually all of the costs associated with operating a trucking fleet requires cash outlays
before being paid on your services. In fact, adding a single power unit to your fleet can
typically consume $15-25,000 in cash outlays. Factoring provides the capacity to grow
when other forms of financing may not be available. Additionally, a factor who specializes
in your industry can provide credit and collection services at a fraction of the costs available
to an individual carrier.

ISN'T FACTORING ONLY FOR "TROUBLED" CARRIERS?
No. Trucking companies require cash and lots of it. Consequently, banks and other traditional lenders will not provide the capacity to fund your business.

WHAT SIZE FLEETS DO WE SERVE?
Any size. However, we specialize in fleets from 1 to 100

HOW LONG DOES IT TAKE TO PROCESS MY APPLICATION?
Typically, within 24 hours - but we'll respond to you immediately.

HOW LONG MUST I BE IN BUSINESS?
No specific requirements. We're looking for carriers operating under their own authority. We look at the experience of our customers, not the longevity of their business. Start-ups no problem.

WHAT IF I'VE FILED BANKRUPTCY?
No problem. If the bankruptcy has been discharged and you've been securing other forms of credit, you can factor with Advance Business Capital.

DO I HAVE TO FACTOR ALL MY INVOICES?
No. However, we generally require you to factor all invoices for any given shipper. This eliminates unnecessary confusion with your customers.

HOW WILL I KNOW THE STATUS OF MY FACTORED INVOICES?
Our online account management provides a full array of client reporting and real-time information. We can also accommodate any special reporting requirements, by fax and email. Our goal is to keep you totally informed on the status of your customers and accounts

HOW DO MY CUSTOMERS KNOW WHERE TO SEND PAYMENTS?
Each invoice will be stamped with payment instructions. We'll even provide you with the stamp.

HOW AND WHEN DO I RECEIVE THE CASH?
Your choice as to how - wire transfer, ACH, check or Comcheck. We'll remit funds as soon as we process and verify the purchased invoices.

HOW DO I GET STARTED?
Call us, toll free - or click below for an online application

 

For a factoring arrangement to work well, the Factor has to become an extension of your company – an outsourced credit and collections department. But, as you well knowl, the administrative requirements of your business are changing daily. Your Factor needs to know as well, if not better, than you:

• Invoice documentation requirements by shipper
• Best practices for incorporating truck stop scanning and electronic invoicing
• Appropriate credit lines by shipper Strength and stability of freight brokers and 3rd Party intermediaries
• How to increase fuel card credit lines
• Ways to simplify fuel card disbursements
• How to maximize sources of credit for truck and trailer financing
• How best to integrate the full menu of TransCore offerings

Accounts Receivable Factoring may or may not make sense for you and your company. But whatever avenues of business credit you pursue, you’ll inevitably find that the most stable, flexible and plentiful sources of funds are those companies most dedicated to your own business.