As a trucking fleet owner, I'm no stranger to the multitude of challenges this industry presents. From customers who delay payments, intense competition, fluctuating fuel costs, to the ceaseless quest for dependable drivers, managing a successful trucking business can be a complex undertaking. Add to this the expenses of fleet maintenance, capacity management, and the necessity to deliver stellar customer service, it becomes clear that solid financial support is crucial for survival.
Given these circumstances, I'm in pursuit of a trustworthy factoring company. The right factoring company could offer the instant cash flow needed to keep operations running smoothly, even when customer payments are lagging. Partnering with a suitable factoring company could alleviate numerous pressures we face regularly.
However, the challenge lies in the vast number of factoring companies out there, making the perfect pick akin to finding a needle in a haystack. It's critical to identify a company that comprehends the distinct challenges and limitations of the trucking industry. The ideal factoring partner would offer competitive rates, a transparent process, and most importantly, provide funds swiftly when required.
Despite the overwhelming number of choices, I'm committed to finding the ideal fit for our needs. With the right factoring company by our side, we can mitigate many of the concerns intrinsic to running a trucking business, ensuring we continue delivering exceptional service to our customers, maintaining our fleet, and remaining competitive in this demanding industry.
With so many trucking factoring companies claiming to offer the best flexible rates in the industry, no long-term contracts, speedy same day or same hour payments, no up-front fees, and no monthly minimums or maximums, it can be overwhelming to choose the right one.
Opting for the ideal invoice trucking factoring company may appear daunting, but our extensive experience, transparent fees, and unwavering commitment to customer satisfaction make it a no-brainer.
Having amassed 40 years of trucking factoring experience, we boast an unmatched depth of knowledge and expertise that enables us to adapt and thrive in the constantly shifting financial landscape. The trust our clients express through referrals serves as evidence of our dedication to providing unparalleled service and innovative solutions customized to meet your needs. Our competitors simply cannot compete with our wealth of trucking factoring experience and history of success.
Say goodbye to 30-60 day waits for freight bill payments. With our factoring service, you receive up to 100% of your invoice value immediately. We manage customer collections, and after payment, you get the remaining balance, less our fee. It's not a debt, but a quick cash injection to expand your business.
This factoring company has been a game-changer for my trucking business, especially when it comes to fuel price swings. Their up-to-100% advance ensures that my trucks never come to a halt due to financial challenges. If you're tired of the financial rollercoaster, choose this factoring company. They'll provide the financial support you need to keep your business thriving. - Benjamin.
When fuel prices unexpectedly go up, you won't be left in a tough spot. Our up-to-100% advance ensures that your trucks will keep moving, regardless of fluctuating costs. Our competitors fall short in providing this level of assurance.
Don’t allow costs of servicing to sap your earnings. Our outstanding advance rates ensure you can address your fleet's maintenance needs, regardless of slow-paying customers. We're better than our competition due to our swift cash release.
We interact professionally with your customers, understanding that their relationships are the foundation of your business. Instead of being a collection agency, we function as your Credit and Collections Department for factored invoices. Our role involves making calls on your behalf to stay updated on payment statuses, monitor check dates, and relay messages efficiently. This enables you and your team to focus on more pressing matters at hand.
Thank you for surpassing our expectations with your skilled collections team; their commitment to excellence has not only enhanced our business's image but also generated new sales opportunities. - Kevin.
A shortage of skilled drivers shouldn't stifle your growth. With our invoice factoring services, you'll gain the financial security necessary to recruit and retain the best in the field. Our superiority is evident in our commitment to financial stability, an advantage over our competition.
Discover the ease of managing your factoring services with our user-friendly and transparent online platform.
Thank you for recognizing our potential and offering the financial help we needed to unleash it; your factoring services have been a game-changer for us. - James.
What exactly is trucking factoring and how can it help my Lubbock 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 Lubbock 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
“This factoring company has been a game-changer for my trucking business, especially when it comes to fuel price swings. Their up-to-100% advance ensures that my trucks never come to a halt due to financial challenges. If you're tired of the financial rollercoaster, choose this factoring company. They'll provide the financial support you need to keep your business thriving. - Benjamin.”
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 HereWhat if you could receive instant payment for the freight bills you send to your customers, bypassing the usual 30-60 day waiting period? It would certainly make a difference, right? Our trucking factoring company offers you the opportunity to access up to 100% of the payment right when you need it, without any reserve. We take care of collecting the payment from your customers, allowing you to focus on managing other essential 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. Rest assured, 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 TopSince our inception in 1979, we have been in the business for a long time. Unlike publicly traded companies, we are privately owned and have a solid financial foundation. We have successfully navigated through economic downturns that have forced other companies to shut down. We understand the difficulties that come with challenging times. Our goal is to provide you with the right financial advice, whether the times are good or bad. Count on us to be here for you, ensuring the smooth operation and strength of your trucking business.
Back to the TopSince our inception in 1979, we have been in the business for a long time. Unlike publicly traded companies, we are privately owned and have a solid financial foundation. We have successfully navigated through economic downturns that have forced other companies to shut down. We understand the difficulties that come with challenging times. Our goal is to provide you with the right financial advice, whether the times are good or bad. Count on us to be here for you, ensuring the smooth operation and strength of your trucking business.
Feel at ease knowing you're making a sound decision by choosing our factoring company. Since 1979, we've been supporting businesses of all types and sizes. If your requirements go beyond our capabilities, our wide resource network can help you find the perfect match from the outset. You'll value our adaptability and our ability to pair your unique needs with the ideal funding resource. Our company stands out for its custom-fit services and large resource network.
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We work with trucking companies, regardless of their size or years of operation. Small businesses are like the adhesive that keeps our economy running smoothly.
Back to the TopIf you deliver goods for creditworthy companies and prefer not to wait for payment, factoring is a practical consideration. If your customers consistently adhere to your payment terms, factoring is worth considering.
Back to the TopSure thing! If you've made an agreement with the IRS to make payments, we can likely assist you.
Absolutely, if the UCC is using your outstanding invoices as security, we'll need the lender to agree to make it less important or terminate it to facilitate factoring. Factoring necessitates having the first-place standing with the UCC for your outstanding invoices. We can help you through that process.
Back to the TopDefinitely! Unlike most companies, we're fully transparent 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 tied to your customers. We provide funding through ACH, wire transfer, and electronic invoice submission. Each of these options involves a small fee, which we'll clearly outline upfront when we present our factoring proposal. We don't charge any setup fees like the others do. Moreover, there are no monthly minimum fees or any other additional charges either.
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No worries about meeting any minimum requirements! You have the flexibility to choose the invoices you want us to assist you with. Plus, our agreements can start from as short as 90 days. Our factoring program is comparable to having a credit card in your pocket, ready to be used whenever necessary. Contact us today and let's get started without any hesitation!
Back to the TopNo issue, you can select the accounts you want to factor. You have the option to choose the specific invoices you want to submit for funding whenever you want.
Back to the TopFill in a brief online form and provide: proof of insurance; a photocopy 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 maybe one or two other papers depending on the scale of your business. Normally, it takes around 2hours to receive a proposal, and the entire process, from initiation to funding, generally takes about to days.
Back to the TopEnsure that your business is officially organized (Corporation, LLC, sole proprietor) with the proper authorization (DOT or MC) and insurance. Additionally, evaluate the financial reliability of your customers.
Back to the TopYou submit your invoice, bill of lading, load confirmation, and any other necessary supporting materials to us.
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Of course! As a privately-held company of entrepreneurs, we know your struggles first-hand. We've been there and are here to support you throughout. We take the time to understand your unique situation and create a tailor-made plan for your business. Don't hesitate to reach out to us today for a no-pressure conversation!
Back to the TopFor sure! Once you join us, we'll assign you a dedicated Account Executive who will invest the time to learn the ins and outs of your business. This way, we can provide you with unique assistance that goes beyond what others can deliver.
Back to the TopWe engage with your customers in a professional and courteous manner, understanding the importance of these connections to the growth of your business. It's crucial to highlight that we are not a collection agency. Instead, we act as your designated Credit and Collections Department for factored invoices. This entails reaching out to your customers to check payment statuses, recording check dates that we can provide you with, and relaying any relevant messages. Our goal is to simplify the process and give you the freedom to focus on more critical tasks.
Back to the TopOf course! You'll have convenient online access to aging reports, and we'll keep you well-informed about any collection matters so that there won't be any surprises catching you off guard.
With our team's comprehensive credit expertise and resources, you can make informed decisions about working with brokers. We provide real-time credit checks on brokers' creditworthiness, allowing you to choose the right loads and avoid potential payment issues. This critical information helps you maintain a smooth operation and prevents bad debt write-offs.
Back to the TopWhen it comes to increasing cash flow and improving profitability, our factoring service is the go-to choice for transportation companies. Starting is simple—just give us a call, and we'll provide you with all the necessary information.
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Lubbock, Texas
