Utah Truck Factoring

Utah Truck Factoring

Haulers in Utah are the definition of the state’s motto of “Industry”. Don’t let slow paying customers keep you off the road; instead, consider working with a truck factoring company in Utah!

Factoring for truckers is a worry-free alternative to conventional loans, providing immediate access to the cash haulers need to run loads and expand their business. A Utah truck factoring company will purchase your open freight bills, advance cash within 24 hours, and handle collections efforts so you can keep your focus where it belongs – on the next load! Whether you’re hauling in Salt Lake City, Provo, Park City or elsewhere in the state of Utah, truck factoring companies can benefit your business.

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How Does Truck Factoring Work?

The trucking factoring process is simple, free from piles of paperwork and stringent approval requirements:

Complete a simple application and submit copies of your open freight bills to a Utah truck factoring company, and get approved within 3-5 business days.
Receive cash from the factor within 24 hours of approval, directly deposited to your bank account or fuel cards good at nearly every truck stop in the United States and Canada.
Your customers will pay the trucking factoring company, which will remit any balance due to you minus their low factoring fee.
•Repeat as needed to stay in the black – and on the blacktop!

Start Truck Factoring Today

Talk to one of our Factoring experts at 855-322-8671

Choose Utah Truck Factoring for Flexible Funding

Our trucking factoring partners offer industry-low trucking factoring fees and high advance rates, meaning that you get – and keep – more of the money owed to you. There are no hidden costs, so you never have to worry about unexpected expenses. In addition, the flexibility of factoring for truckers will save you time and money: we can fund from copies of your freight bills so you don’t need to wait until you can mail originals. Recourse and non-recourse programs are available.

With no monthly minimums or maximums to meet, you have the freedom to factor as much or as little as you need to keep hauling. Also, the amount you can factor depends on your sales, so your available cash grows with you! Utah truck factoring allows you to upgrade your trucks for maximum energy efficiency or purchase new models to update or expand your company, both of which are excellent ways to further increase your cash flow.

Article of Incorporation

Articles of Incorporation

Valid Motor Certification

Valid motor certification

Freight bills

Freight bills you wish to factor

Customers

Current customer list & invoice aging

Trucking Factoring Offers Plenty of Benefits For Utah Companies

Fuel Advances & Fuel Discounts are Available

Factoring for truckers has a great deal of benefits over the traditional lending path. It is a simpler financing option with fewer strings, such as collateral. Approval is fast, and because you are selling your own receivables you won’t add new debt to your balance sheet. Utah truck factoring companies also evaluate your customers’ credit history instead of yours, so trucking factoring is a fantastic option to build or rebuild your credit rating for future purchases.

Utah truckers can take advantage of fuel advances and fuel cards that you can use to fill up at thousands of truck stops nationwide. Are you a freight broker? Utah truck factoring companies have programs designed just for freight brokers as well!

Utah truck factoring is available for truckers running both intrastate and interstate hauls. As long as you have an active listing with the Department of Transportation we can get you started, whether you’re hauling raw mining materials, livestock, or retail merchandise. Trucking factoring is also available to owners of touring companies providing transportation by bus or van to their customers.

Not in the transportation business? No problem. Factoring companies in Utah work with a wide range of industries. From startups to large corporations, if you need working capital, we can help you get it quickly!

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