Turn unpaid freight bills into cash with a Florida truck factoring company. Even the most profitable transportation businesses face cash flow crunches. Don’t pass up lucrative loads due to lack of cash flow! Whether your trucking business is located in Miami, West Palm Beach, Tampa, Jacksonville or elsewhere in the Sunshine State, we’ll match you with a the best truck factoring company in Florida for your business needs.
Florida Truck Factoring
By factoring trucking invoices, truckers are no longer at the mercy of client payments. Rather than wait 30 or 60 days to receive payment for delivered loads, truck factoring companies can get you the cash you need within 24 hours.
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The Truck Factoring Process is Easy
It’s easy to start factoring and get the cash you need now. Here’s how the truck factoring process works:
You deliver the goods to your clients
Your client verifies the goods have been received
You email or fax a copy of the invoice and BOL to the truck factoring company
You’ll receive up to 97% of the invoice within 24 hours
The truck factor bills your client
Your client pays the factoring company
Steady cash flow is necessary for owner-operators and small trucking companies to remain competitive against the big guys. Take advantage of fuel advances which offer up to 50% of the freight bill upon load pickup. With fuel advance programs, you’ll never have to worry about passing up a load due to lack of cash for fuel.
Truck factoring companies will help you get back to business by handling your account billing and collections. This way, you can focus on the road ahead rather than chase down overdue payments from customers.
Truck invoice factoring is not a loan, so there is no debt to repay. There are no strict approval requirements or lengthy applications. Simply sell your unpaid freight bills to a factor for a fast cash advance.
Florida truck factoring companies understand the transportation industry. Factoring offers more than just fast cash flow. Check out the benefits of invoice factoring for trucking:
SAME DAY FUNDING
NO DEBT TO REPAY
FULL ACCOUNT MANAGEMENT SERVICES
ONLINE ACCESS 24/7
NO LONG TERM CONTRACT
NO MINIMUM VOLUMES
UNLIMITED FUNDING OPPORTUNITIES
RECOURSE AND NON RECOURSE FACTORING PROGRAMS