In my role as the owner and operator of a trucking fleet, I'm currently engaged in an online search, exploring various websites of factoring companies for a specific reason.
In our industry, we face several challenges, including customers who are slow to pay, intense competition, unpredictable fuel cost fluctuations, and the ongoing struggle to find dependable drivers. These circumstances have prompted me to actively seek a reliable factoring company.
I understand the critical role that immediate cash flow plays in keeping our operations running smoothly, especially when dealing with delayed customer payments. The right factoring partner has the potential to transform our business, relieving the daily pressures we encounter and providing the necessary financial support to navigate this highly competitive industry.
With numerous options available, my determination remains steadfast in finding a company that comprehends the unique demands and limitations of the trucking industry, offers competitive rates, and ensures prompt fund delivery.
This online search represents a crucial step towards discovering the ideal match that will enable us to continue delivering exceptional service, effectively managing our fleet, and remaining ahead in this challenging industry.
It's hard to ignore the fact that each trucking factoring company out there boasts about their outstanding flexible rates, no long-term contracts, swift same day or same hour payments, absence of up-front fees, and the freedom from monthly minimums or maximums.
Selecting the perfect invoice trucking factoring company can be daunting, yet our extensive expertise, transparent fee policy, and exceptional commitment to customer satisfaction make it a well-informed and stress-free decision.
With 40 years of trucking factoring experience, we have a wealth of knowledge and expertise that sets us apart from our competitors. The trust our clients place in us, reflected in their referrals, is a testament to our unwavering commitment to providing exceptional service and innovative solutions tailored to meet your unique needs. Our competitors simply cannot match our level of trucking factoring experience and proven success.
Who likes waiting 30-60 days for payment? With our factoring service, you get up to 100% of your invoice value right away. We'll deal with collecting the money from your customers. After they've paid, you get the balance, less our small fee. This isn't a loan, it's simply fast cash for your business.
This factoring company's up-to-100% advance has been a game-changer for my trucking business during fuel price swings. It provided the financial stability I needed to overcome challenges and keep my trucks on the road. If you're tired of being at the mercy of fuel prices, choose this factoring company. They will be your reliable partner, ensuring your business stays on track even in the toughest times. - Daniel.
Avoid the hassle of unexpected fuel price fluctuations disrupting your operations. Our up-to-100% advance ensures that your trucks will keep rolling, no matter what unfolds. Our competitors lack the ability to provide this level of financial security.
Don't let the upkeep costs compromise your income. With our highly competitive advance rates, you can maintain your fleet effectively, even when facing late payments from customers. We beat our competitors by offering fast cash solutions.
We handle your customers professionally, appreciating the importance of their relationships to your business. Instead of functioning as a collection agency, we act as your Credit and Collections Department for factored invoices. Our responsibilities involve making calls on your behalf to stay informed about payment statuses, keep a record of check dates, and effectively relay messages. This allows you and your team to give proper attention to more pressing matters.
We are incredibly impressed by the efficiency and professionalism demonstrated by your collections team; their seamless management of customer accounts has significantly contributed to our business's success. - Steven.
Don't let a lack of seasoned drivers slow down your expansion. Our factoring services provide the necessary financial stability to attract and hold onto the best talent. We surpass our competitors by ensuring your financial strength, crucial for continued growth.
Our online platform is designed to enhance your factoring experience. With user-friendly features and comprehensive transparency, managing your services has never been easier.
Your factoring services have been a game-changer for our business, offering the perfect blend of financial support and resources to optimize our operations. - Christopher.
What exactly is trucking factoring and how can it help my Memphis 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 Memphis 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's up-to-100% advance has been a game-changer for my trucking business during fuel price swings. It provided the financial stability I needed to overcome challenges and keep my trucks on the road. If you're tired of being at the mercy of fuel prices, choose this factoring company. They will be your reliable partner, ensuring your business stays on track even in the toughest times. - Daniel.”
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 HereWouldn't it be amazing if you could get paid right away for the freight bills you send to your customers, instead of waiting for 30-60 days or more? Well, you're in luck! Our trucking factoring company can provide you with an advance of up to 100% of the payment whenever you need it, without holding any funds in reserve. We take care of collecting the money from your customers, freeing up your time to concentrate on managing other aspects of your trucking business. Once your customer pays the bill, we refund the remaining 3-15% reserve balance to you, after deducting our factoring fee. This is not a loan, so there's no need to worry about accumulating debt. You can immediately put that money to work and propel the growth of your trucking business.
Back to the TopSince our establishment in 1979, we have been operating in the industry, accumulating years of experience. As a privately owned company, we have maintained a strong financial position, allowing us to endure economic downturns that have caused other businesses to crumble. We understand the challenges that arise during tough times. Our goal is to guide you in making sound financial decisions, whether the times are favorable or challenging. You can rely on us to be there, supporting your trucking business and ensuring its continuous smooth operation and strength.
Back to the TopSince our establishment in 1979, we have been operating in the industry, accumulating years of experience. As a privately owned company, we have maintained a strong financial position, allowing us to endure economic downturns that have caused other businesses to crumble. We understand the challenges that arise during tough times. Our goal is to guide you in making sound financial decisions, whether the times are favorable or challenging. You can rely on us to be there, supporting your trucking business and ensuring its continuous smooth operation and strength.
Trust in your decision to select our factoring company. Since 1979, we have been providing funds to a diverse range of businesses. If your needs are outside our reach, we've cultivated a broad network of resources, allowing us to save you considerable time by helping you find the best match for your business at the outset. You'll love how we adapt and match your unique needs and industry to the perfect funding solution. Our company outshines the competition with our adaptability and focus on individual client needs.
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We partner with trucking companies, regardless of their size and how long they've been around. Small businesses play a crucial role in holding our economy together.
Back to the TopIf you carry loads for trustworthy companies and prefer not to deal with delayed payments, factoring can be a straightforward choice. If your customers have a good payment history, factoring is worth considering.
Back to the TopOf course! If you and the IRS have a payment agreement in place, there's a good chance we can lend a hand.
Absolutely, if the UCC holds your unpaid bills as collateral, we'll need the lender to agree to move it down or cancel it to enable factoring. Factoring requires having the top spot with the UCC for your unpaid bills. We can assist you in managing that process.
Back to the TopNo problem! Unlike most companies, we're upfront about our fees and rates right from the get-go. Our factoring rates are really competitive in the industry and depend on factors like the number of trucks you have, the volume you want to factor, the type of loads, and any risks linked to your customers. We provide funding through ACH, wire transfer, and electronic invoice submission. Each of these options comes with a small fee, which we'll clearly communicate upfront when we present our factoring proposal. We don't impose any setup fees like the others. You won't find any monthly minimum fees or any other additional charges either.
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No need to worry about any minimum requirements! You can simply choose the invoices you want us to help you with. Plus, our agreements can start from as short as 90 days. Our factoring program is just like having a credit card in your wallet that you can use whenever you need it. Feel free to give us a call today and let's get started!
Back to the TopNo problem, you have the power to select the accounts you want to factor. It's your choice to decide which invoices you want to submit for funding whenever you desire.
Back to the TopFill in an uncomplicated online form and include the necessary paperwork, such as proof of insurance, a scanned copy of your driver's license, official paperwork like Articles of Incorporation or Fictitious Business Name Statement (DBA filing), a copy of your W-form, and maybe a few more documents depending on the scope of your business. Typically, you'll receive a proposal within 2hours, and the overall process, from initiation to receiving the funds, usually takes around to days.
Back to the TopMake sure your business is legally structured (Corporation, LLC, sole proprietor) with the necessary authorization (DOT or MC) and insurance. Moreover, evaluate the financial stability of your customers.
Back to the TopYou send us your invoice, bill of lading, load confirmation, and any other supporting documents.
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Sure thing! Our private company consists of entrepreneurs who've experienced your struggles. We're here to guide you every step of the way. We make sure we understand your unique situation and devise a custom plan for your business. Reach out to us today for an obligation-free discussion!
Back to the TopAbsolutely! When you join us, we'll pair you up with your personal Account Executive who will take the time to understand your business inside and out. This personalized approach allows us to offer you assistance that surpasses what others can provide.
Back to the TopWe handle all customer interactions with professionalism and respect, recognizing the importance of these relationships for your business. It's worth noting that we are not a collection agency. Instead, we act as your dedicated Credit and Collections Department for factored invoices. This includes making calls on your behalf to check payment statuses, keeping a record of check dates that we can share with you, and relaying any relevant messages. Our objective is to simplify the process and provide you with more time and resources to allocate to other important aspects of your operations.
Back to the TopAbsolutely! You'll have easy online access to aging reports, and we'll make sure you're up to speed on any collection concerns to avoid any unexpected surprises.
We are committed to utilizing advanced technology to streamline the funding process. This includes electronic invoice submission, online reports, credit checks, and other modern methods that enhance efficiency and reduce costs. By leveraging these innovative solutions, we can offer you more competitive rates compared to many other companies. Contact us today, and we'll demonstrate the unique advantages we provide that set us apart.
Back to the TopWe understand the cash flow challenges faced by transportation companies, and our factoring service is specifically designed to address those needs. Initiating the process is easy—just reach out to us, and we'll explain how we can support you.
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Memphis, Tennessee
