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.
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 quote and approval.
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.
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 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 percent is held in reserve. Once the invoice is paid, we remit the balance minus a small fee.
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 freight factoring with TCI Business Capital as the source of cash they use to run their trucks.
Consistent cash flow is the life blood 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 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 about 15 minutes.
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.
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:
At TCI Business Capital we offer factoring lines customized to fit each client’s needs and situation.
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 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 same day for the hard work you do. Some of the companies we work with include:
|CH Robinson Worldwide||Coyote Logistics||Hub Group|
|Total Quality Logistics||United Parcel Service Inc.||XPO Logistics|