Indiana Truck Factoring

Why Choose an Indiana Truck Factoring Company?

By partnering with an Indiana truck factoring company, transportation businesses in Indianapolis,  Fort Wayne or anywhere in the state can gain fast funding at low interest rates.  This newly-acquired cash can be used to make payroll on time, purchase supplies in bulk amounts for a fraction of the price or keep a steady source of cash flow to cover fuel costs.

Best of all, Indiana truck factoring will help trucking companies establish credibility with clients, as well as their own employees. By factoring freight bills, businesses can acquire contracts with larger, high-profile clients.  By providing trucking businesses with instant cash advances, business owners can easily purchase large amounts of essential supplies at a reduced cost.  As a result, trucking companies will be able to take on additional business and add profit to their bottom line. Plus, owner-operators and smaller sized trucking companies will have the freedom to extend payment terms to clients to compete against the larger trucking operations.

In a recovering economy where fuel prices are constantly on the rise, Indiana truck factoring is the smart solution for small-to mid-sized trucking companies searching for financial relief.  Rather than waiting 30 to 60 days to acquire loan approval from a bank, Indiana truck factoring can help trucking companies throughout the Hoosier State obtain instant working capital to help grow their business and ensure that their trucks remain on the road.

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Advantages of Indiana Truck Factoring

In addition to helping trucking businesses gain control of their financial situation, there are several other added benefits associated with Indiana truck factoring services.  One of these perks involves the use of fuel cards.  Trucking factoring fuel cards ensure that truckers save thousands of dollars every year on fuel.  Discounts are applied directly at the pump, and fuel cards are accepted at nearly all major fuel stops across the United States and Canada.

Aside from alleviating fuel cost concerns, trucking factoring fuel cards can also be applied toward miscellaneous operational expenses.  Lastly, fuel cards can come in handy when trucking companies need to issue quick payments to drivers.  By using fuel cards, you can make instant ATM cash withdrawals to ensure that truckers are paid on time, every time. Many trucking companies in Indiana also rely on fuel advance programs to help solve their struggles with cash flow. 

Fuel advances can be applied toward a variety of expenses, ranging from fuel and repairs to payroll.  Once the load has been received, the supplier will provide verification through a bill of lading.  Finally, the factor will then submit a portion of the freight bill amount within 24-48 hours. And yes – Indiana factoring companies will fund on faxed or emailed copies to ensure you receive the cash you need instantly.

Factoring for Trucking Offers Plenty of Benefits

With same-day funding and no hidden fees attached, trucking businesses can benefit greatly from taking advantage of factoring for trucking.  Best of all, factoring results in zero debt, and will help transportation companies reduce overall costs in order to re-gain control over their financial condition.  Thanks to no minimum volume requirements, trucking companies can factor the invoices they need, when they need the cash.  No long term contracts are necessary to factor.

Interested in factoring for trucking?  See how trucking factoring services can help you haul more loads and increase revenue by calling 885-393-2286 today.

Factoring invoices isn’t solely for the transportation industry. Factoring companies in Indiana work with an abundance of industries to offer a source of financing.

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