Truck Factoring

What is Truck Factoring?

What is it about trucking factoring that can make such a big difference to your trucking company?   The reason trucking factoring has become more popular is because in today’s economy, trucking companies need to have cash flow and with outstanding invoices being paid 30 to 45 days later, trucking factoring is an option that makes sure your trucking company has cash flow.  By using Advance Business Capital for your trucking factoring needs, you are assured of a constant cash flow so that your business runs smoothly.   Wouldn’t you find yourself more at ease if you were paid immediately and not have to wait for payment?  Of course you would, which is why Advance Business Capital will purchase your trucking industry invoices and then pay you for the receivables purchased, which in simpler terms is what trucking factoring is all about. 

Are there Advantages to Truck Factoring?

Right about now you might be wondering what other advantages there are to trucking factoring.  Without the worry of cash flow, trucking factoring allows you to take on more work by accepting jobs that have better paying loads.  We at Advance Business Capital have all been truckers and so we know how important it is to grow your business and keep up with your expenses even when payment from your customers has not yet arrived.  With trucking factoring, worrying about money will be a thing of the past. You have the option of factoring all your accounts or only a few if you prefer.  In other words, we tailor the trucking factoring process to fit your needs so that you are always in the driver’s seat when it comes to how trucking factoring works for your trucking company. 

Remember, when choosing Advance Business Capital as your trucking factoring company, you can receive money within 24 hours.  For our Non-Recourse clients there are no minimum invoice fees. For both Recourse and Non-Recourse clients there is no long-term contracts.  Plus, you have access to your accounts on a constant basis and have at your fingertips easy online management tools, like online broker credit, which means you have access to your trucking factoring information 24 hours a day, 7 days a week.  Working with a trucking factoring company like Advance Business Capital means working with experts.  So whether you are a start up company or you’ve been in business for years, Advance Business Capital specializes providing progressive trucking factoring solutions to fit the needs of every type of trucking company.  As truckers ourselves, we know the trucking industry and so we get the trucking factoring job done right and we get it done quickly