Illinois Truck Factoring Company
When it comes to transporting goods in a timely fashion, an Illinois truck factoring company can help ensure that loads are delivered on time, every time. Skyrocketing fuel prices and costly operational expenses can leave your transportation business struggling with cash flow. Luckily, with the help of Illinois truck factoring, small to mid-sized trucking companies can easily take control of their financial situation and avoid falling into debt.
Why Choose an Illinois Truck Factoring Company?
side from speeding up the delivery process, Illinois truck factoring can help your trucking business acquire immediate working capital to help accelerate your company’s cash flow. Rather than taking out a bank loan, Illinois trucking factoring services provide your transportation company with affordable trucking factoring rates, leaving you with zero debt to repay. Additionally, there is no need to worry about your past credit history, since factoring approval is solely based on your customers’ creditworthiness.
Why wait for customers to issue payments toward invoices when you can benefit from Illinois truck factoring services? By partnering with a Chicago, IL truck factoring company, your transportation business can focus on expansion, instead of panicking over unpaid trucking invoices. Acquiring financing through truck factoring is fast and simple, with only a few requirements involved in the process. Learn more about how to choose the best trucking factors for your business. Recourse and non-recourse trucking factoring programs are available.
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Illinois Truck Factoring Provides Fuel Advances & Fuel Cards
Keeping trucks on the road can be a costly task. That’s where truck factoring fuel cards can help! Accepted at almost every major fuel stop throughout the U.S. and Canada, fuel cards can save your transportation business thousands of dollars every year. In addition to offering discounted fuel prices directly at the pump, truck factoring fuel cards can also be used to acquire instant ATM cash withdrawals. These funds can then be used to quickly issue payments to drivers or cover any miscellaneous operational costs that may arise.
As the economy continues to recover, fuel costs continue to be an expensive burden on many trucking companies in Illinois. As a result, several transportation businesses have come to depend on truck factoring fuel advances to help take control of their financial condition. When partnering with a truck factoring company in Chicago or elsewhere in IL, truckers can receive up to 50% of the invoice amount upon load pickup. This means never worrying about how to afford fuel to take on more loads.
Fuel advances can be used to cover fuel expenses, repairs and payroll. Once a load has been picked up by a trucker and the supplier provides the factor with verification through a bill of lading, the trucking factoring company will then proceed by sending a portion of the freight bill amount to your company within 24 hours.
Benefits of Truck Factoring in Chicago, IL and Everywhere Else
Aside from being an effective solution for managing your finances, factoring for trucking comes with plenty of benefits. With same-day funding and no hidden fees attached, you’ll have instant access to cash flow without hidden costs. There are no minimum invoice requirements so factor what you need, whenever you need it. The application is simple & bad credit is okay. Not only that, but you’ll enjoy 24/7 online account access to monitor your cash flow.
Interested in learning more about truck factoring services in Illinois? Unleash your power to survive and thrive by requesting a free factoring quote online today, or call 1-855-EZ-FACTOR for more information. Factoring for freight brokers is also available. Learn more about our freight broker factoring services. Not in the transportation industry, but wondering if an Illinois factoring company can help your business? Competitive factoring services are available for nearly every industry.
