Iowa Truck Factoring
Does your trucking company miss out on deals because of poor cash flow? An Iowa truck factoring company can keep your operators on the road and an active part of the Hawkeye State’s bustling economy! No matter if you’re located in Des Moines, Cedar Rapids, Davenport or elsewhere in Iowa, you can easily access the funding you need to grow today.
Trucking factoring, also known as freight factoring, is a smart alternative to traditional business loans, which often feature stringent approval criteria and funding restrictions that make it difficult to do business. When you are already waiting as long as 60 days for your customers to pay, the last thing you should have to do is go into further debt and keep waiting for cash! Freight factoring for truckers is free of those hurdles – you get immediate cash on approval and avoid adding any new debt to your balance sheet.
Easy Factoring Approval With No Set Up Fees
Iowa freight factoring is a great way for your trucking company to establish or rebuild your credit rating because the trucking factoring company evaluates your customers’creditworthiness to make their funding decisions. You can get started with little more than an application, customer list, and articles of incorporation.
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The Iowa Truck Factoring Process
Trucking factoring is a simple process that is short on paperwork but long on results
• Send copies of your freight bills to the factoring company
• Receive cash in your bank account within 24 hours of approval
• Conduct business as usual – pay your bills, pick up new loads, and purchase or upgrade equipment
• Your customers will pay the Iowa truck factoring company
• Repeat as often as you need to maintain healthy cash flow!
There are many benefits to working with Iowa truck factoring companies. Aside from instant cash on hand, working with a truck factoring company in Iowa offers truckers access to fuel advances, fuel cards that provide discounts at fuel stops nationwide, access to loadboards and free credit checks and 24/7 online account access.
Benefits of Freight Factoring
- Flexibility – factor only the freight bills you need, when you need
- No monthly minimums or maximums
- Unlimited growth potential – your available credit line grows as your business grows!
- Fund from copies – Save money and shave days off of approval and funding by faxing or emailing copies of your freight bills instead of paying for overnight shipping of your originals
- Back office support – Your factoring company will handle credit checks and collections so you can keep your attention on the road where it belongs.
