Factoring For Trucking
Express Freight Finance offers factoring for trucking industry professionals. From independent drivers on up to large fleets, we offer factoring for trucking which goes above and beyond other working capital solutions. Our factoring program features:
- Cash delivered to your account in 24 hours
- Easy online account tools available 24/7/365
- Non-recourse financing
- Improved cash flow
- Financing that grows with your business
- No debt
- No payment schedules
- Free credit checks on your customers
Factoring For Trucking From Express Freight Finance
Factoring for trucking is the easiest way to speed up business transactions and get access to revenue. If your invoices have an aging period of 30 days or longer, a strain on cash flow can become a common problem. Staggered payment schedules mean you are getting revenue a little bit at a time, instead of all at once. Factoring for trucking from Express Freight Finance get rid of payment schedules by converting your invoices to cash within 24 hours. No waiting. No sending out friendly reminders to customers, or tracking multiple client accounts.
Factoring For Trucking: How It Works
The trucking industry has its roots in very traditional business practices. The speed of commerce and technology allows truckers and fleet owners to handle logistics and deliveries much more efficiently than in previous years. Why should payments be any different? Factoring for trucking gives drivers the ability to submit BOLs for immediate factoring, via fax or email. We then place a quick call to confirm delivery and transfer funds to you account. Instead of waiting 30, 60, 90 days or longer, drivers and fleet owners receive funding within 24 hours. You make long hauls – why wait even longer just to see money for all your hard work?
No More Collections
The trucking industry is no stranger to collection services. Customer invoices age out on a regular basis, leaving drivers and fleets to resort to collections. Unfortunately, while collection services often guarantee payments from delinquent accounts, their own internal schedules can add up to 45 days on top of the staggered payment schedule. This results in an even bigger strain on cash flow. Factoring for trucking give a fast turnaround. Factoring for trucking from Express Freight Finance help to streamline the entire accounting process, convert unsettled customer accounts to working capital within 24 hours, and keep finances on track and moving forward.
Factoring For Trucking Is Not a Loan
Factoring for trucking is a debt-free working capital solution, designed to prevent a strain on finances. There is not debt placed on the balance sheets. Business credit ratings are not compromised. Factoring for trucking is based on receivables, so you can grow your business without being hindered by monthly payments and unnecessary debt.
Factoring For Trucking Is Nationwide
Express Freight Finance is the leader in factoring for trucking. We provide factoring services to owner operators and fleets of all sizes throughout the country. Whether you have a backlog of unpaid customer invoices, or you want to maintain a steady and healthy cash flow, contact our offices today.