Factoring for Alabama Trucking Companies
Trucking is central to keeping the Heart of Dixie beating strong, so don’t let slow-paying customers stop you from running loads. Get started with an Alabama truck factoring company today!
Truck Factoring Programs for Alabama Companies
Freight factoring for truckers is an alternative to financing through conventional bank loans, which owner-operators may have a hard time qualifying for. A trucking factor will purchase your open freight bills and advance you up to 95 percent of the face value up-front to give you the cash you need to run your business.
Unlike the drawn-out process to qualify for a traditional loan, qualifying for truck factoring is fast and easy. To begin, all you need is a list of your customers and copies of your open freight bills; Alabama trucking factoring companies can get you approved in as little as 3-5 business days!
Process of Factoring Freight Bills
The truck factoring process itself is also simple:
- Send your freight bill to the trucking factor
- The factor will advance cash for the freight bill within 24 hours of verification
- Conduct business as usual – pick up new hauls, purchase equipment, etc.
- Your customer pays the factor
- The factor sends you any remaining funds minus their fees.
Ready to Get Started?
Fill out the form below and one of our factoring experts will help you on your way!
Freight Factoring Can Benefit Your Alabama Trucking Company
The benefits of factoring for truckers don’t stop there!
- Factor only the freight bills you need, when you need.
- Avoid adding new debt to your balance sheet – truck factoring is not a loan!
- Back office support, including credit verification and collections efforts.
- Your funding potential is only limited by your sales – the more you haul, the more cash you can receive!
Truck factoring is available to owner-operators hauling for a number of industries. Whether you are hauling crops, livestock, cars, minerals or other manufactured products, we can find the perfect freight factoring company for you. Alabama truck factoring companies also serve tourism companies and freight brokers!
Funds to Get Back on the Road
What’s stopping you from getting your cash when you need it? Contact us to learn more about our truck factoring programs and to get a proposal from an Alabama factoring company today.
Alabama factoring companies don’t just help the trucking industry with fast cash. Virtually any industry can benefit from steady working capital by factoring invoices. Contact us and we’ll help you find the best invoice factoring company for your Alabama business.
Start factoring your trucking invoices with competitive, industry-low rates and additional benefits. Truck factoring companies in AL will fund off of copies of your freight bills, so you can get your cash fast without spending more to overnight the originals. In addition, many Alabama truck factoring companies offer fuel discounts or special fuel cards that are good at more than 1,500 refueling stations in the United States and Canada.
