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Trucking & Freight Factoring
A Faster Way to Get the cash you need

Trucking & Freight Factoring

Cash for Fuel, Payroll, and More With Freight & Trucking Factoring

Since 1994, TCI Business Capital has been a leading provider of trucking and freight factoring services in the United States and Canada. Trucking companies use invoice factoring to access the cash they need for fuel, payroll, and more.trucking and freight factoring

TCI Business Capital offers competitive advances, and low factoring rates. Contact us for a free, no-obligation quote and approval. If you are waiting too long for customer payments, factoring will provide the cash you need.

Delivering Same-Day Cash for Trucking and Freight Companies Since 1994

Trucking and freight invoice factoring is the cash-flow solution for transportation companies. Factoring your invoices with TCI Business Capital gives your fleet consistent cash flow to successfully run your business.

The benefits of factoring for trucking and freight companies are immediate. Cash from factoring can be used to purchase fuel, maintain equipment, meet payroll or any other need that arises.

Waiting 30, 60, or even 90 days to be paid puts an enormous strain on trucking and freight companies. Accounts-receivable financing takes away the stress and strain of waiting, allowing you to focus on the tasks that are important to you.

Trucking & Freight Factoring with TCI Business Capital

TCI Business Capital has provided superior trucking and freight factoring services for over 20 years. Our reputation for customer service and experience in the freight industry is unmatched. We understand it takes hard work to be successful. Our factoring services will make the road to success a lot easier.

Freight bill factoring is different from a bank loan or bank line of credit. With factoring, the cash available to you is based upon your invoices and your customer’s ability to pay. There are no line limits based on your company’s credit.

Instead of waiting 30, 60, or 90 days for customer payments, your company can sell its receivables to TCI Business Capital and receive funding in 24 hours or less. We buy the invoices and provide a competitive advance on the invoice amount. The remaining five percent is held in reserve. Once the invoice is paid, we remit the balance minus a small fee.

TCI Business Capital – A Leader in Freight & Trucking Factoring Companies

As a leading freight factoring company, TCI Business Capital serves fleets doing a variety of transportation work. Some of the types of trucking and freight companies that have benefit from factoring include:

Bulk Material Haulers Flatbed Carriers Heavy Hauling Liquids & Gas
Chemical Haulers For Hire Carriers Hot Shots Log Haulers
Contract Hauling Freight Brokers Intermodal Refrigerated Carriers
Dry Van Carriers Haz Mat Haulers Less-than-truckload Tanker Fleets

These types of trucking and freight companies, plus many others, have used factoring with TCI Business Capital as the source of cash they use to run their trucks.

Truck & Freight Factoring with TCI Business Capital

Consistent cash flow is the life blood of trucking and freight companies. At TCI Business Capital we know the need for cash is immediate. We have cut through the red tape and streamlined the application process, so companies can get cash quickly. Getting set up for factoring is easy as 1-2-3.

Step 1 – Get a Quote
Speak with a TCI Business Capital representative. We’ll discuss your cash-flow situation and needs, and we’ll offer a free, no-obligation quote and approval for a factoring line in 30 minutes or less.

Step 2 – Submit Invoices and Related Documents
Once a factoring line is agreed upon, we’ll schedule your first funding. During the set-up process, we’ll walk you through the agreement and discuss your invoices and any related materials.

Step 3 – Get Cash for Your Invoices
When the set-up process is complete, we fund you via ACH direct deposit or a wire transfer directly into your bank account. From this point forward, each time we receive your invoices, we’ll process and fund you the same day the invoices are received.

trucking and freight factdoringTruck & Freight Factoring Essentials

The core of every factoring line TCI Business Capital offers is reliable cash flow and helpful customer service. These essential services are our promise to you:

  • Funding on freight bills in 24 hours or less
  • Low rates and competitive advances
  • Dedicated relationship manager
  • 24/7 online customer support
  • Factoring Lines from $50,000 to $20 Million

At TCI Business Capital we offer factoring lines customized to fit each client’s needs and situation.

Factoring with TCI Business Capital – More Than Just Cash

Truck and freight factoring with TCI Business Capital is not just a service, it’s a partnership. Our clients enjoy award-winning customer service and support including accounts-receivable management, collection services, credit analysis, risk assessment, and fuel cards at no extra cost.

Trucking & Freight Factoring Makes Good Sense

Trucking factoring with TCI Business Capital makes good sense for trucking and freight companies. Our proven experience in factoring for all types of carriers, and the advantages of factoring over a bank loan or bank line of credit, make TCI Business Capital the right choice for factoring.

With TCI Business Capital:

  • Factoring programs are customized to your needs
  • Factoring is contingent on your customers credit and payment history, not your own
  • Factoring lines are determined on your sales volume, not your company’s value
  • Factoring does not add debt to your company
  • Factoring can be used by companies in challenging financial situations

Factoring Compared To Quick Pay

A quick pay program or quick pay financing is an option some fleet owners and operators use to get cash quickly. Trucking quick pay programs can be advantageous, however, not all freight brokers or shippers offer a quick pay service. The rates and fees associated with these quick pay programs can vary widely.

Factoring of freight invoices offers a comprehensive financing option as there are set rates for advances and fees on all invoices, no matter who the broker might be. For trucking companies that are growing or expanding and working with a number of freight brokers, invoice factoring will provide a reliable and cost-effective financing option for the future.

For more information about truck & freight factoring with TCI Business Capital, call (800) 707-4845, or contact us now.

Trucking & Freight Factoring Service Areas

TCI Business Capital offers trucking and freight factoring services to companies across the United States and Canada.

United States

Alabama Alaska Arizona
Arkansas California Colorado
Connecticut Delaware Florida
Georgia Hawaii Idaho
Illinois Indiana Iowa
Kansas Kentucky Louisiana
Maine Maryland Massachusetts
Michigan Minnesota Mississippi
Missouri Montana Nebraska
Nevada New Hampshire New Jersey
New Mexico New York North Carolina
North Dakota Ohio Oklahoma
Oregon Pennsylvania Rhode Island
South Carolina South Dakota Tennessee
Texas Utah Vermont
Virginia Washington West Virginia
Wisconsin Wyoming Washington D.C.

Canada

Alberta British Columbia Manitoba
New Brunswick Newfoundland & Labrador Northwest Territories
Nova Scotia Nunavut Ontario
Prince Edward Island Quebec Saskatchewan
Yukon