As the owner of multiple trucks for transportation, I'm well aware of the many challenges we face in this industry. When customers take a long time to pay, it seriously hurts our cash flow, and that's just the beginning. We also have to deal with strong competition, fuel costs that keep changing, and the constant struggle to find and retain reliable drivers. Running a profitable trucking business feels like navigating through a field full of hidden dangers. On top of that, we have to cover the costs of maintaining our vehicles, manage how much we can transport, and make sure we provide exceptional customer service. It's evident that we need strong financial support to keep our business afloat.
That's why I'm currently searching for a reliable factoring company. A good factoring company can provide us with immediate cash to ensure our operations run smoothly, even when our customers delay payments. Finding the right factoring partner could completely transform our business, relieving many of the daily pressures we face.
However, the challenge lies in the vast number of factoring companies to choose from. It feels like searching for a small object in a large haystack. It's essential for us to find a company that understands the unique demands and limitations of the trucking industry. I'm looking for a factoring partner that offers fair rates, has a simple process, and, most importantly, can deliver funds promptly when we need them.
Despite the overwhelming range of options, I'm determined to find the perfect match for our needs. With the right factoring company on our side, we can alleviate many of the worries that come with running a trucking business. This will ensure that we can continue delivering excellent service to our customers, maintaining our fleet, and staying ahead in this highly competitive industry.
Each trucking factoring company strives to differentiate itself by claiming superior flexible rates, no long-term contracts required, fast payments on the same day or within the same hour, no up-front fees, and the freedom from monthly minimums or maximums.
Making the right choice among invoice factoring companies can be intimidating, but with our extensive experience, transparent fee policy, and exceptional customer care, the decision becomes clear and manageable.
Our 40 years of trucking factoring experience have given us a deep understanding of the financial industry and the ability to provide innovative solutions to meet your unique needs. The trust our clients place in us, reflected in their referrals, is a clear indication of our commitment to providing exceptional service. Our competitors cannot match our extensive trucking factoring experience and established success.
Why wait 30-60 days for freight bill payments when you can get paid now? Our factoring service offers up to 100% of the invoice amount upfront. We'll handle collecting from your customers, and once they've paid, you get the rest, less our fee. It's not a loan, it's immediate cash for your business.
When it comes to dealing with unexpected fuel price swings, this factoring company has been my reliable partner. Their up-to-100% advance gave me the financial stability to keep my trucks rolling, even during challenging times. If you're tired of being left high and dry by fuel price fluctuations, I highly recommend this factoring company. They are the support system every trucking business needs. - Michael.
You won't have to face any disruptions caused by sudden fuel price fluctuations. Our up-to-100% advance provides the necessary funds for your trucks to keep rolling, regardless of any cost changes. Our competitors lack this advantage.
Thwart the threat of upkeep expenses eating into your profits. Our high advance rates ensure that late-paying customers won't disrupt your fleet's maintenance. This edge in providing quick cash sets us apart from the competition.
We handle your customers in a professional manner, understanding the impact of their relationships on your business growth. Instead of being a collection agency, we function as your Credit and Collections Department for factored invoices. Our responsibilities include making calls on your behalf to stay updated on payment statuses, keep track of check dates, and facilitate smooth communication. This ensures that you and your team can focus on other essential tasks and objectives.
Choosing your factoring services was one of the best decisions we made for our business, as your efficient and professional collections team has truly set us apart and boosted our sales. - Jonathan.
Don't let a lack of skilled drivers curb your expansion. With our invoice factoring services, you'll maintain the financial strength needed to attract and retain top industry professionals. We surpass others by ensuring your financial stability, crucial for your continuous growth.
Our online platform is designed for ease of use and is equipped with a wide range of features, setting us apart from others in the industry. Our steadfast dedication to providing the highest level of service is evident in every aspect, including our use of innovative technology.
Your factoring services have been a game-changer for our business, equipping us with the right amount of resources to handle any workload and deliver exceptional results. - Timothy.
What exactly is trucking factoring and how can it help my Dearborn business? Is it like a loan? Will I incur any debt?
Find Out HereWhat makes your company any better than any other trucking factoring company?
Find Out HereWhat other advantages do you offer me?
Find Out HereHow do I know if you’re the right company for my Dearborn business?
Find Out HereI only have one truck or I’m a start-up. Am I too small for your company?
Find Out HereI have been turned down by banks, will I qualify for factoring?
Find Out HereI have tax liens. Can you help me?
Find Out HereI have a UCC Filing against my company. Can you help me?
Find Out HereCan I know what your fees and rates are up front?
Find Out HereAre there any monthly minimums? What kind of agreement do I need to sign?
Find Out HereI don’t want to factor all my loads. Do I have to give all my invoices to your company?
Find Out Here
“When it comes to dealing with unexpected fuel price swings, this factoring company has been my reliable partner. Their up-to-100% advance gave me the financial stability to keep my trucks rolling, even during challenging times. If you're tired of being left high and dry by fuel price fluctuations, I highly recommend this factoring company. They are the support system every trucking business needs. - Michael.”
What do I need to submit for approval and how long does the process take?
Find Out HereHow am I evaluated in the approval process?
Find Out HereOnce approved, how do I get my money from your company?
Find Out HereHow much of my load will I receive up front, and how soon will I get the money?
Find Out HereThis is all new to me. Are you easy to work with?
Find Out HereI don’t like talking to robots or call centers. Can I talk to a real person when I need to?
Find Out HereHow will you work with my customers to collect their money?
Find Out HereWill I be able to keep track of collections from my end?
Find Out HereI’m not familiar with your company. How do I know you’ll be in business when I need it?
Find Out HereCan my company use factoring?
Find Out HereImagine if you could receive immediate payment for the freight bills you send to your customers, rather than waiting for 30-60 days or more. Well, with our trucking factoring company, you don't have to imagine anymore! We provide you with the opportunity to access up to 100% of the payment upfront, without any reserve. We handle the task of collecting the payment from your customers, allowing you to focus on managing other important aspects of your trucking business. Once your customer pays the bill, we refund the remaining 3-15% reserve balance to you, minus the factoring fee. Keep in mind that this is not a loan, so there's no need to worry about accumulating any debt. You can put that money to work immediately and drive the growth of your trucking business.
Back to the TopWith a history stretching back to 1979, we have been operating our business for a considerable period. We are privately owned and have a stable financial footing, which has allowed us to endure economic downturns that have spelled doom for many other companies. We understand the challenges that arise during tough times. Our mission is to assist you in making the right financial choices, whether times are favorable or challenging. You can depend on us to be there, ensuring the seamless functioning and unwavering strength of your trucking business.
Back to the TopWith a history stretching back to 1979, we have been operating our business for a considerable period. We are privately owned and have a stable financial footing, which has allowed us to endure economic downturns that have spelled doom for many other companies. We understand the challenges that arise during tough times. Our mission is to assist you in making the right financial choices, whether times are favorable or challenging. You can depend on us to be there, ensuring the seamless functioning and unwavering strength of your trucking business.
You can breathe easy knowing you're making a judicious decision when selecting a factoring company. We have a history dating back to 1979 of funding businesses across diverse sectors and sizes. If your requirements exceed our purview, we've established an extensive network of resources to help you find the best fit for your business without delay. You'll appreciate our flexibility and our ability to match your specific requirements with the ideal financial resource. Our company excels because of our vast network and our ability to tailor our services to your needs.
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We collaborate with trucking companies, no matter their scale or how long they've been in business. Small businesses are the fundamental element that holds our economy in place.
Back to the TopIf you haul loads for trustworthy businesses and don't want to wait for your money, factoring can provide a solution. If your customers consistently honor your payment terms, factoring is a beneficial avenue.
Back to the TopNo worries! If you and the IRS have made an arrangement to make payments, we may be able to assist you.
Absolutely, if the UCC is using your outstanding bills as security, we'll need the lender to agree to make it less important or end it to enable factoring. Factoring necessitates having the first-place standing with the UCC for your outstanding bills. We can help you through that process.
Back to the TopSure thing! Unlike most companies, we're completely upfront about our fees and rates right from the beginning. Our factoring rates are highly competitive in the industry and depend on factors like the number of trucks you operate, the volume you want to factor, the type of loads, and any risks involved with your customers. We provide funding through ACH, wire transfer, and electronic invoice submission. Each of these options has a small fee, which we'll clearly communicate upfront when we present our factoring proposal. We don't charge any setup fees like the others do. You won't encounter any monthly minimum fees or any other additional charges from us.
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No need to meet any minimum requirements! You have complete flexibility in choosing the invoices you want us to assist you with. Plus, our agreements can start from as short as 90 days. Our factoring program is like having a credit card in your wallet, available for use whenever necessary. Give us a call now and let's start the process today!
Back to the TopNo problem, you have the authority to pick the accounts you want to factor. You can choose the specific invoices you want to submit for funding whenever you need.
Back to the TopFill out a hassle-free online form and submit the necessary paperwork, such as proof of insurance, a scanned copy of your driver's license, official documents like Articles of Incorporation or Fictitious Business Name Statement (DBA filing), a copy of your W-form, and possibly one or two additional documents depending on the scale of your business. Generally, you'll receive a proposal within 2hours, and the entire process, from start to receiving the funds, typically takes around to days.
Back to the TopEnsure that your business is officially organized (Corporation, LLC, sole proprietor) with the appropriate credentials (DOT or MC) and insurance. Additionally, assess the financial reliability of your customers.
Back to the TopYou share your invoice, bill of lading, load confirmation, and any related supporting paperwork with us.
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Sure! As a private company, we are entrepreneurs who have experienced your current situation. We understand your challenges and are committed to guiding you at each step. We take the time to understand your specific circumstances and devise a unique plan for your business. Contact us today for a no-obligation discussion!
Back to the TopDefinitely! Once you sign up with us, we'll assign you a dedicated Account Executive who will invest the time to learn the ins and outs of your business. This individualized approach allows us to provide you with unique support that others simply cannot match.
Back to the TopOur approach to customer interactions is always professional and courteous, acknowledging the importance of these relationships to the growth of your business. It's crucial to highlight that we are not a collection agency. Instead, we serve as your dedicated Credit and Collections Department for factored invoices. This means we make phone calls on your behalf to check payment statuses, keep track of check dates that we can provide you with, and pass along any relevant messages. Our objective is to streamline the process, giving you the freedom to concentrate on more pressing matters.
Back to the TopAbsolutely! You'll have convenient online access to aging reports, and we'll keep you up to date on any collection matters so that you won't encounter any surprises.
Our team has extensive knowledge and resources in credit management. We offer real-time credit checks on brokers' creditworthiness, giving you valuable insights to make informed decisions about which loads to take. This information empowers you to stay ahead of payment trends and avoid potential bad debt write-offs, ensuring the smooth operation of your business.
Back to the TopIf you're in the transportation business, our factoring service can help increase your cash flow and enhance your financial outlook. Starting is simple—just give us a call, and we'll share all the details.
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Dearborn, Michigan
