Freight factoring is a great way to secure your trucking company’s cash flow, but advancing funds is only the beginning of a successful factoring relationship. Factor Finders offers a number of options to make freight factoring account management simple for you.
Open your freight factoring account today!
Call 1-855-EZ-FACTOR!
Superior customer service sets the best freight factoring companies apart from the competition, even more so than competitive rates. We provide that level of service to each of our customers by applying our trucking industry expertise to meeting YOUR unique needs!
Just how easy is freight factoring?
Freight factoring begins when you send your first unpaid freight bill to the factoring company. Unlike a traditional bank loan or line of credit, you can send invoices as you generate them or as often as you need to maintain your cash flow. The factor will verify your freight bills and advance your funds within 24 hours – no long waits for cash!
How does Factor Finders help me manage my freight factoring account?
Freight factoring account management is critical to getting the most out of your factoring relationship, but that doesn’t mean it needs to be difficult. A number of different features are available as part of your freight factoring agreement to simplify the process and incorporate that information into your regular business reporting.
Ready to Get Started?
Fill out the form below and one of our factoring experts will help you on your way!
Risk assessment through credit and background checks
Hauling loads for reliable customers is critical to your success – and to your factoring relationship. Your freight factoring company will provide complimentary credit and background checks for your current clients as well as new clients you wish to take on so you can carry with confidence that your freight bills will be paid.
Invoicing support
Are you a single owner-operator who spends more time on the road than in an office? Freight factoring account management may also include invoicing support from your factor to collect on past-due amounts or to follow up on a freight bill you’ve delivered.
Engaged collections efforts
Your freight factor wants to collect as much as you want them to, so save your company time and money by allowing the factor to spearhead collections efforts. They will follow up by phone and email to make sure your invoices are paid on time.
24/7 reporting available online
No matter what dark road you are traveling, you will always have access to current account reporting so you can effectively manage your freight factoring account. You can see when payments are received and from whom; any remaining funds that you can expect to receive; and the status of any pending funding requests, among other things.
As you can see, freight factoring account management involves more than just a monthly statement.
What else is so great about freight factoring?
There are many benefits to factoring your freight invoices beyond the flexibility of your freight factoring account management options, including but not limited to:
Industry-low freight factoring rates
When you begin freight factoring with Factor Finders, you will enjoy competitive factoring rates that put more money in your account where it belongs.
Control your factoring costs
You have the power to factor the freight bills you want, when you want, and your factoring fees only begin once you’ve submitted the bill for funding. There are no minimum or maximum amounts to factor so you have ongoing access to working capital.
Build your freight company’s credit
Not only can you qualify for freight factoring with poor credit, but you can also use your factored funds to build your credit! Take advantage of early-pay discounts and pay off old debt on your balance sheet to establish a solid credit rating for future financing needs.
Gain exclusive access to load boards
Factor Finders’ freight factoring partners offer exclusive access to load boards with thousands of listings that you can scour for your next load! Use the boards to build your business (and your factoring potential)!
Cover fuel costs
If you need help getting to your destination, you can qualify for a fuel card account or special fuel advance from your freight factoring company. Each of these options comes with features to integrate them into your ongoing freight factoring account management.
Learn more:
I’m sold! How do I start freight factoring?
Best of all, you can get started with a customized, competitive freight factoring program today! Simply fill out an application and send the following:
- Current customer list
- Copies of freight bills you wish to factor
- Articles of Incorporation
Our account managers will help you navigate the remainder of the freight factoring account setup and can provide a funding decision in as little as 3 to 5 business days.
Request a free online quote for freight factoring today!
Don’t drag your company down with a complicated bank loan or settle into the slump of poor cash flow. Trust in Factor Finders to place you with the ideal factoring company and make freight factoring the best business decision you ever made.
