Truck Factoring Companies in Ohio
If your trucking company is struggling to keep up with financial obligations, Ohio truck factoring can be the key to increasing your cash flow. As fuel costs continue to rise, many trucking businesses may have a hard time keeping their fleet on the road. Whether you’re running a small or mid-sized transportation company, Ohio truck factoring is specially designed to cater to your company’s factoring needs. Additionally, Ohio trucking factoring services will allow your business to expand by providing instant working capital to boost company growth.
Choosing an Ohio Truck Factoring Company
With the help of an Ohio truck factoring company, your trucking business can acquire immediate cash flow. Rather than waiting for days to be approved for a bank loan, Ohio truck factoring can get you the cash you need in a fraction of the time. Why wait for customers to issue payments on their invoices when you can take advantage of Ohio truck factoring? Take advantage of Ohio trucking factoring and obtain fast funding with zero debts attached.
Entering into an agreement with an Ohio truck factoring company has never been easier. With only a few requirements involved, receiving financing through truck factoring services takes much less time than waiting to secure a bank loan. Best of all, getting approved is quick and simple. When your transportation company is in need of financing, simply send the factor any customers’ accounts that you wish to use for factoring. Once their creditworthiness has been determined, you will receive up to 90 percent of your customers’ invoice value.
Ready to Get Started?
Fill out the form below and one of our factoring experts will help you on your way!
Advantages of Factoring For Trucking Companies in Ohio
Paying full price for fuel can place a costly burden on your trucking company. That’s where truck factoring fuel cards can really help your business save significant amounts of money. Accepted at almost every major fuel stop throughout the U.S. and Canada, fuel cards can be used to receive discounts directly at the pump.
Aside from reducing fuel costs, truck factoring fuel cards can be used to make other necessary purchases on a day-to-day basis. From payroll and repairs to food or other on-the-go expenses, fuel cards can be applied toward anything you need. Furthermore, fuel cards can even be used to make instant ATM cash withdrawals, which can then be used to pay drivers and fund any miscellaneous operating costs that may arise.
Many times, smaller trucking companies struggle with unpaid freight bills. With the help of truck factoring fuel advances, Ohio trucking businesses can easily alleviate cash flow concerns. With fuel advance programs, your transportation business establishes an agreement with a trucking factoring company, who will then advance a portion of the freight bill prior to being paid off. The newly acquired cash can then be applied toward fuel, repair, payrolls, and any other expenses. Afterwards, when the trucker has received the load and a supplier has provided verification through a bill of lading, the factor will then go ahead and advance part of the freight bill amount within 24-48 hours.
Additional Benefits of Truck Factoring
Searching for same-day funding with no hidden fees attached? Ohio truck factoring services is the smart solution for acquiring fast cash for your trucking business. Best of all, your trucking company can receive high advance rates without entering into any long-term factoring contract. Truck factoring enables your business to factor only what you need, when you need it. Recourse and non-recourse trucking factoring programs are available.
So, why wait? Haul more loads and increase your revenue by taking advantage of Ohio truck factoring services today! Call 1-855-EZ-FACTOR now to see how truck factoring can help you meet your cash flow needs.
Not part of the transporation industry? No problem! Ohio factoring companies are ready to serve the funding needs of ANY business. If you have outstanding receivables, a factoring company in Ohio can get you the cash you need.
