What is Freight Bill Factoring?
Freight bill factoring allows trucking companies to be paid immediately for loads already
completed. A freight bill factoring company like East Valley Capital purchases trucking
company invoices at a discount and then pays the carrier for the receivables purchased. Many trucking companies rely on freight bill factoring, because even in good economic times, they can't afford to go unpaid for 30 days or more.
By selling your freight bills to East Valley Capital, you increase your cash flow immediately. You no longer need to worry about collecting your receivables. We do that for you. Freight bill factoring allows you to have immediate cash flow without creating any debt. Even if your credit is less than perfect or if you don't qualify for a bank loan, we base approval decisions on the credit strength of our customers.
More on Factoring:
Factoring is often used synonymously with accounts receivable financing. Factoring is a form of commercial finance where a business sells its accounts receivables (in the form of invoices) at a discount.
Our freight bill factoring program allows you to turn your slow paying freight bills into immediate cash – eliminating the wait. We provide you with money to make critical payments to drivers and suppliers, while we wait to get paid by your customer. Freight bill factoring is very easy, quick to get set up, and inexpensive to use.
Freight bill factoring is widely accepted in the transportation industry. Here is how it works:
- You deliver a load and issue a freight bill.
- You submit the freight bill to us that you want to sell.
- We advance you up to 100% of the freight bill.
- We handle all collection activities.
- Once the freight bill is paid, we rebate the remaining reserve, less the discount rate.
East Valley Capital is a full service factor that specializes in freight bills with owner/operators and small and medium sized trucking companies. We have a team of experts with experience in factoring for the transportation industry.
Don't wait 30 to 60 days to get paid. Get cash immediately!
Call us today at 480-635-8539.