Our customers say we provide
upfront and excellent service. 

"I tried several factoring companies, but none of them were able to help. Too many restrictions and confusing documents.
You walked me through the steps clearly, no mumbo-jumbo,and within a week you funded us. We have been with you for about two years and you have made it easy for our company to increase its sales by 50%. Thank you so much!"
Erwin-Owner

Here Are Just Some Of The Reasons You Will Benefit By Allowing Us To Help You:

HIGHEST CASH
ADVANCES (up to 97%)
We offer the highest advances in the
trucking factoring industry. 
How can we offer such advance rates? 
By using our own money in tandem with our
stellar banking relationship.

NO ANNUAL TERM FACTORING
CONTRACT REQUIRED
Other trucking factoring  companies require
you to sign a restrictive contract that
ranges from 6 months to 1 year or longer.
And they require you factor with them
during that entire time. With us, factor only
what you choose

LOWEST TRUCKING FACTORING RATES
Factoring trucking leader;
We have the lowest trucking factoring
rates in the industry  

70 YEARS
COMBINED EXPERIENCE
With over 100 years combined
experience in factoring for the
trucking industry.Our knowledge
and experience enables us to
have a working understanding of
the unique demands
you face each day.

24/7 Online account management tools
Our online services let you view
your reports and collection activity updated daily.

Call our
Trucking
Factoring Specialists at

Toll Free:  800-986-1859

On-Line Factoring
Request Form

Email Us

Some Background On Freight Factoring

Historically, the bulk of factoring was predominately in the textile, furniture and apparel industries.  Today, factoring firms are working with all types of industries, including: manufacturers, service providers, transportation companies and high technology firms.  Locally, as growing Puget Sound firms continue to prosper, suppliers and contractors are looking for additional sources of working capital to accommodate increased sales volume. 

The overall increase in account receivable factoring volume is mainly attributed to the credit crunch in the late 80s.  As the availability of bank commercial credit tightens, more businesses look towards alternative sources of financing to achieve growth.   

Factors can help those firms that banks often find difficult to approve such as start-up companies whose growth outstrips cash.  The primary focus in a factoring relationship is the credit-worthiness of the customers being invoiced and the client’s ability to produce a quality product or service.   Simply put, if the business has an acceptable product or service that it provides to a creditworthy customer then the business is a candidate for factoring. 

The fact is that most companies share a common dilemma during periods of rapid growth of incoming orders draining cash flow.  Factoring not only provides immediate cash but, efficient businesses also use it as a tool to increase profit margins:
1.    Take Advantage of Early Payment  Discounts - Having access to cash enables businesses to save on average 2% by taking advantage of early payment terms offered by suppliers.  The points saved by reducing raw materials costs helps to offset the factoring fee. 

2.    Take Advantage of Volume Discounts - Having cash also enables businesses to buy raw materials in greater volume.  This saves money and directly impacts the bottom line.

3.    Reduce Late Payment Penalties and Interest Charges - Having immediate cash on hand to pay current obligations as they become due eliminates late charges from suppliers and other creditors. 

4.    Meet Obligations on Time - Paying vendors on time helps to establish a solid credit track record and allows for increased future credit limits from vendors as well as financial institutions.

5.    Offer Credit Terms to Customers - Offering credit terms to customers is a common way to increase sales by making it “easier” for customers to buy.  Having financial backing to carry accounts receivable is essential if a business wants to be able to follow through on its commitments.  Reputable factors encourage “managed” growth by consulting with clients regarding exposures and other risks when taking on new credit accounts.

Books On Trucking and Factoring

 Factoring companies provide finance against a business's With invoice factoring, the factor
undertakes to collect amounts due from the business's debtors and ...

Debt factoring and invoice discounting We saw on page 542 in Chapter 15 that
trade debts can, in effect, be turned into cash by either factoring them or

WHAT'S THE DIFFERENCE BETWEEN FACTORING AND INVOICE DISCOUNTING? The main difference
is who collects the money from the sales ledger. ...

Trucking A most important element in the distribution and collection
of freight at the Port of New York is the street truckA large trucking area is also to be found in the Gulf States, especially in ...
Trucking is also developing considerable importance in the Western States, ...

Table: actual cost to several rr cos. of freight transportation, rate charges,
earnings, profits, and average yrly. rates on all r.rs. of Ohio.

dedicated to own-account road freight services, increasingly finds itself ...
marketing, transportation — to one in which strong co-operation is ...

Table: actual cost to several rr cos. of freight transportation, rate charges,
earnings, profits, and average yrly. rates on all r.rs. of Ohio. In fact, the invoice factoring industry has grown noticeably in recent years, in part as
a means of ... of the value of the invoice up-front, less a discount

... a dialogue with the freight industry, since there is considerable need for
better public sector understanding of freight and its needs. ...

Freight moving in carloads is delivered at team tracks, at freight sheds, or at
industry spurs. At team tracks and freight sheds no charge is imposed for ...
 

More Freight Factoring Information

Freight Factors. Advice To Trucking Companies Who Want To..
Freight Factors can be a very gainful way of financing your business. The freight factors fee is based on three factors, which include the monthly volume, the credit of the customer, and the time that is taken by the customers to pay the freight invoices. The monthly fee of freight factors programs can go up to 1% to 3% every month based on the criteria that have been discussed. In case your company has a lot of factoring that is held up in customers that are paying their invoices leisurely then you can go in for freight receivables.
... Factors. Advice To Trucking Companies Who Want To.. Freight ...
... Who Want To.. Freight Factors How the Freight factors Discount Is ...
... Factors How the Freight factors Discount Is Determined The freight ...
... Is Determined The freight factors company is more concerned with your ...
... discount. Freight factoring factoring company business factoring ...
... company business factoring account receivable factoring factoring ...
... account receivable factoring factoring account receivables invoice ...

More Information On Freight Factoring

Freight Factoring accounts canprovide alternative source of working capital.  Meet obligations on time.Paying vendors on time helps to establish a solid credit track record and allows for increased future credit limits from vendors as well as financial institutions. 

  Offer credit terms to customers. Offering credit terms to customers is a common way to increase sales by making it easier for customers to buy.    Having financial backing to carry accounts receivable is essential if a business wants to be able to follow through on its commitments.     Reputable freight factoring companies encourage managed growth by consulting with clients regarding exposures . and other risks when taking on new credit accounts.

Setting up a freight factoring accounts relationship is quick and easy compared to other forms of financing.    Applications simply call for basic company information and a customer list. Years of profitability are not required, which makes freight bill factoring an option for startups generating receivables. It is possible for funding to occur in as little as a couple of days after receipt of the application and invoices. 

Each freight bill factoring company operates a little differently, so there are different benefits and costs.   Several criteria should be addressed when searching for a reputable factor. Are there setup fees, maintenance fees or penalty fees?

Is there a long-term contract? Are there monthly minimums? Does the factor provide credit and collection services at no additional charge? What accounting reports will the factor supply?  What value-added services does it provide?

Most business bankers are a good referral source for reputable factoring companies. Bankers refer to factoring companies because they realize that although the customer may not be bankable at the time of the referral, in a short time it could be a viable candidate for conventional financing. As a short-term financing solution, factoring relationships generally run from 6 months to a couple of years.

Businesses choosing to maintain momentum, despite a  lack of conventional financing options, find that truck factoring not only offers cash but also a stable foundation on which to build. They look to a future of managed growth and profitable performance that will bridge the gap to qualifying for bank financing.Many businesses fail in the first year of operation, due to cash flow problems.
Even established businesses suffer from the occasional cash crisis. Most smaller businesses overlook a solution that large businesses have been using for years, which is factoring. Trucking Factoring is the selling of accounts receivable, or invoices. Corporations sell invoices at a discount in exchange for receiving their money when they need it, rather than when the invoice is due.

"An invoice is a promise to pay, and any promise to pay has a cash value," . "The thing small businesses don't realize is that they can use the same techniques that corporations have used successfully for decades now. It's the same process, just on a smaller scale." An investor who buys invoices, called a Freight factoring company, pays slightly less than the face value of the invoice for the right to collect the payment on the invoice on the regular due date. The business selling the invoice gets cash in hand, and no longer has to worry about collecting on the invoice.

The discount at which they sell the invoice is no different than giving their customer a discount for paying cash, or discounting merchandise to generate sales. Corporations have long looked at the discount involved with factoring as part of the cost of doing business. Small businesses should consider how much money they have tied up in accounts receivables,and consider what they could do with that money if they had it months ahead of when it comes due. They can't use an invoice to pay their debts, but they can sell that invoice and use the cash to pay their debts, or meet payroll, or buy more raw materials to step up production.

Freight Factoring is a solution for any kind of business, from small, struggling operations to large,established ones. It can be used as a tool for growth, shortening the business cycle and allowing for more production without having to wait for invoices to come due. Even with the discount,businesses usually net more profit with factoring than without.