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Trucking & Freight Factoring
Factoring Supplies the Cash Trucking Fleets Need

Trucking & Freight Factoring

Freight Factoring Supplies the Cash for Fuel, Payroll, and More

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

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

trucking and freight factoring turns invoices into same-day cash

Freight Factoring  in 3 Simple Steps

Consistent cash flow is the lifeblood of trucking 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 that 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 consultation and quote for a factoring line in about 15 minutes.

Step 2 – Submit Invoices and Related Documents
Once a factoring line is agreed upon and you are ready to move forward, 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 & Freight Factoring

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 freight factoring services makes 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 for 30, 60, or 90 days on 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 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 benefited 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 freight factoring with TCI Business Capital as the source of cash they use to run their trucks.

Freight Factoring Essentials

trucking and freight factdoring

The core of every factoring line TCI Business Capital offers is a 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

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 and working with a number of freight brokers, invoice factoring will provide a reliable and cost-effective financing option for the future.

We Know Your Customers

We have over 20 years of experience working with the major players in the trucking industry. We know their invoicing requirements, which makes it even easier for you to get paid the same day for the hard work you do. Some of the companies we work with include:

C.H. Robinson Worldwide, Inc. Coyote Logistics Hub Group
J.B. Hunt Landstar Schneider
Total Quality Logistics United Parcel Service Inc. XPO Logistics