Factoring Services Designed for Freight and Trucking Companies
Your business is always on the move, but the dynamics of operations make cash flow management challenging. Working Capital of America is here to bridge the gap between Accounts Payable and Accounts Receivable with factoring services for freight and trucking companies. You will receive the money your clients own you more quickly, giving you the opportunity to cover your costs timely, achieve higher efficiency and expand your business without the need to go through the cumbersome bank loan application process.
How Factoring for Cash Flow Management Works
This financial solution is comparable to PO financing. You practically sell your invoices to us in exchange for up to 95% of their face value. You decide how much to receive in advance to finance your operations. The funds will be wired to you on the same day or on the next business day if you opt for ACH payment. It’s like an unsecured business line of credit, with the key advantages being that it’s easier and faster.
Our account managers will process the invoices on your behalf, collecting the payments from your customers. While we take care of your invoice management, you can focus on what you do best – transporting goods safely and securely within the set timeframe. The terms for your customers remain the same, enabling you to keep and grow your relationships.
Upon receipt of the funds, our specialists will the remainder of the invoice face value, 5% or more, minus the service fee. At Working Capital of America, we have some of the most competitive rates in the market. Coupled with our experience and excellent understanding of the freight and trucking companies’ business, you will get outstanding receivables financing products and services.
Who Can Use Factoring?
Freight and trucking is a competitive industry where you need to be up to various challenges and this is where invoice loans come in. They are an effective solution for companies of all sizes, regardless of their specialization. If you are facing any of the following, our factoring firm can help:
No credit or bad credit – Whether you are just starting out or you’ve had some credit issues in the past, we’re ready to provide the financing that you require to keep your operations going.
Extended invoice terms and pressing costs – You have to pay fuel bills daily plus wages, insurance and maintenance bills, while your customers sometimes take between 30 and 90 days to pay you. With our invoice factoring solutions, you can have the funds your customers owe you today.
Looking to expand your operations – You enjoy growing demand for your freight and trucking services, but you don’t have the capacity to meet it? Use our cash advance solution as a business line of credit to invest in more trucks and equipment and hire more people.
How to Get Started
Fill out our online form, which takes just half a minute, and send your initial application now. We don’t require your financial statements and tax records to make a decision, but focus on your customer’s ability to pay. Processing takes just 48 to 72 hours.
Let’s start our partnership. Take advantage of factoring for your freight and trucking business now.