• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
866-598-4295
Bankers Factoringan Employee-Owned Invoice Factoring Company
Online Funding Application

Bankers FactoringBankers Factoring Logo

  • Factorable Industries
    • Agriculture-PACA/PASA Factoring
    • Cable & Telecom Factoring
    • Construction Factoring
    • Floral Industry Factoring
    • Food & Beverage Factoring
    • Government Factoring
    • Manufacturing Factoring
    • Medical Factoring
    • Oil & Gas Factoring
    • Payroll & Staffing A/R Factoring
    • Tech Company Factoring
    • Trucking Factoring
    • Wholesalers & Importer Factoring
    • Wine & Spirits PO Funding/Factoring
  • Local Factoring Offices
    • Alabama Factoring & Purchase Order Financing Co
      • Birmingham AL Factoring Offices
    • Alaska Factoring & Purchase Order Financing Co
      • Anchorage AK Factoring Offices
    • Arizona Factoring & Purchase Order Financing Co
      • Phoenix, AZ Factoring Co
    • Arkansas Factoring & Purchase Order Financing Co
      • Little Rock AR Factoring Co Offices
    • Colorado Factoring & Purchase Order Financing Co
      • Denver Factoring Co Offices
    • Connecticut Factoring & Purchase Order Financing Co
    • Florida Factoring & Purchase Order Financing Co
      • Fort Lauderdale FL Factoring Offices
      • Miami FL Factoring Offices
      • Orlando FL Factoring Offices
      • Tampa Bay FL Factoring Offices
      • West Palm Beach FL Factoring Offices
    • Georgia Factoring & Purchase Order Financing Co
      • Atlanta GA Factoring Offices
      • Dalton GA Factoring Offices
    • Hawaii Factoring & Purchase Order Financing Co
      • Honolulu, HI Factoring Co
    • Idaho Factoring & Purchase Order Financing Co
      • Boise ID Factoring Office
    • Indiana Factoring & Purchase Order Financing Co
      • Indianapolis Factoring Company
    • Kentucky Factoring & Purchase Order Financing Co
      • Lexington KY Factoring Offices
      • Louisville KY Factoring Offices
    • Louisiana Factoring & Purchase Order Financing Co
      • New Orleans LA Factoring Company
    • Mississippi Factoring & Purchase Order Financing Co
      • Jackson MS Factoring Offices
    • Missouri Factoring & Purchase Order Financing Co
      • St. Louis MO Factoring Offices
    • Montana Factoring & Purchase Order Financing Co
      • Helena MT Factoring Offices
    • Nebraska Factoring & Purchase Order Financing Co
      • Omaha NE Factoring Offices
    • New Jersey Factoring & Purchase Order Financing Co
    • New Mexico Factoring & Purchase Order Financing Co
      • Albuquerque Factoring Co
    • New York Factoring & Purchase Order Financing Co
    • NC Factoring & Purchase Order Financing Co
      • Charlotte NC Factoring Offices
    • North Dakota Factoring & Purchase Order Financing Co
      • Fargo, North Dakota Factoring Offices
    • Oklahoma Factoring & Purchase Order Financing Co
      • Oklahoma City OK Factoring Offices
    • SC Factoring & Purchase Order Financing Co
      • Charleston SC Factoring Offices
    • South Dakota Factoring & Purchase Order Financing Co
      • Sioux Falls, SD Factoring Offices
    • Tennessee Factoring & Purchase Order Financing Co
      • Chattanooga TN Factoring Offices
      • Memphis TN Factoring Offices
      • Nashville TN Factoring Offices
    • Texas Factoring & Purchase Order Financing Co
      • Dallas TX Factoring Offices
      • Houston TX Factoring Offices
      • San Antonio TX Factoring Offices
    • Utah Factoring & Purchase Order Financing Co
      • Salt Lake City UT Factoring Offices
    • VA Factoring & Purchase Order Financing Co
      • Richmond VA Factoring Offices
    • WV Factoring & Purchase Order Financing Co
      • Charleston WV Factoring Offices
    • Wyoming Factoring & Purchase Order Financing Co
      • Cheyenne WY Factoring Offices
  • Affiliate Broker Programs
    • Bank & Credit Union Partnerships
    • Bankers Factoring Careers
    • Invoice Factoring Broker Program
    • Factoring Broker Blog
  • Client Resources
    • Bankers Factoring Client Login
    • Journal Entries for Factoring Receivables
  • About Bankers
  • Factoring Blog
  • Contact Bankers
Bankers Factoring » Factoring Blog » Trucking Factoring » Best Trucking Factor Financing

July 15, 2022   Chris Curtin

Best Trucking Factor Financing

Trucking company funding without Bank Hassles

Best Trucking Factoring Company
Best Trucking Factoring Company

The trucking and transportation industry is booming from pent-up demand at ports. In June, the Port of Los Angeles set a record for the most cargo handled with 876,611 20-foot containers. A common problem is tight cash flow with such extreme demand for trucking companies. Higher fuel costs and recession worries are putting pressure on truckers. With the Best Trucking Factoring, Bankers Factoring, we turn your unpaid invoices into quick working capital.

Bankers Factoring, the best trucking factoring company, removes the burden of paying employees on time, covering equipment overhead, and maintenance expenses. Sell your open invoices to Bankers Factoring for an initial cash advance up to 96%. Eliminate the wait of 60 to 90-days to collect payment.

We work with Trucking and Transportation Companies in many industries, from wholesalers and importers to rural farmers. Bankers Factoring has the best non-recourse trucking invoice factoring program.

The Best Invoice Factoring Trucking Company

Bankers Factoring is the best factoring trucking company in the USA. Our team of owner-employees understands critical working capital. We help trucking companies fund their business through unpaid invoices. The best factoring helps transportation companies improve their cash flow. Learn about our Same Day Non Recourse Factoring.

Trucking Invoice Factoring

Trucking invoice factoring also called accounts receivable (AR) factoring, is a cash flow financing tool for trucking companies. Trucking companies sell their open invoices to Bankers Factoring in exchange for two cash payments.

The first cash advance up to 96% of the total AR value happens on the same day your factoring company application is approved. The second payment, called the rebate, takes place once the open balance is paid for the remaining balance less our small factoring fee.

Visit our previous article to learn more about “Trucking Company AR Factoring Finance.”

How to Find the Best Factoring Trucking Company?

The transportation industry is critical to the economy of our country and the supply chain globally. If your trucking company struggles to fund your weekly operations, it is time to call Bankers Factoring. We can walk you through the straightforward application process. Unlike SBA loans or conventional lending, the Factoring Company provides a quick funding process.

When it is time to sell your invoices for fast working capital, here are some tips:

  1. Does the factoring company provide non-recourse factoring to trucking companies?

Non-recourse factoring provides AR Insurance to the seller of the invoices from their customer’s account debtor. Our factoring fee includes AR Insurance or bad debt protection on the matter – while other factoring companies let you carry the credit risk.

For example, non-recourse factoring protects the seller from non-payment, slow payment, or short payment of the open invoices. Whereas full recourse factoring provides no AR Insurance to the customer from bad debt. In times of increasing recession fears, non-recourse trucking factoring is excellent risk management and cash flow solution.

  1. How much does the factoring company cash advance?

It is common for many factoring to send an initial cash advance up to 85 to 90% of the total invoice value. With Bankers Factoring, we cash advance up to 93% of the invoice total on the same day of approval. The Best Factoring company provides quick funding for the trucking company lacking cash flow.

  1. Does the factoring company have a trucking and transportation division?

Trucking Invoice factoring requires an experienced factoring company. Bankers Factoring understands the Trucking Factoring Pitfalls. Many trucking company owner-operators operate many hauls and routes across multiple states requiring the presence of Bankers Factoring Local Offices.

  1. How much are invoice factoring fees?

Bankers Factoring fees start at .95%, whereas the industry typically starts at around 1.30%. Many factoring companies layer in escalating costs in their factoring agreement. The Best Factoring Company (Bankers Factoring) has no hidden fees; our simple process saves you time and money. Visit our previous article to learn more, “Factoring Rates Explained.”

  1. How long does it take for a trucking company to receive funding?

Our trucking company clients receive same-day AR invoicing. Our application and approval process can be completed in just one working week. With traditional bank lending, securing financing can take months. To expedite your application, visit two of our previous articles, “8 Requirements of Invoice Factoring” and “Invoice Factoring Due Diligence.”

Visit our previous article to learn more about “Trucking Factoring in 2022.”

The Best Factoring Company Advantage

Bankers Factoring is the best factoring company through our value-added invoice factoring program. We provide trucking companies with an invoice factoring program that improves cash flow, expands operations, and unleashes business growth. We provide access to unlimited working capital and determine your funding based on your customer’s credit rating.

What are the benefits of Banker Factoring Invoice Factoring for Trucking Company:

  • Same Day Funding: we cash advance up to 96% of the total invoice value the same day as approval
  • We take on the credit risk: with our non-recourse invoice factoring plan, we provide bad debt protection from non-payment from the account debtor.
  • Outsourced A/R Management: when you partner with the best factoring company, we provide an AR department, freeing up your accounting staff and management team.
  • Access to unlimited working capital: your financing with Bankers Factoring does not put debt on the balance sheet. We place cash in your checking account. We reward our clients for growing their monthly invoices.

Ready for the owner-employees of Bankers Factoring to fund your minority-owned business? Use our fast online factoring application or call the toll-free number 866-598-4295

  • Facebook
  • Twitter
  • LinkedIn

Filed Under: Trucking Factoring

Primary Sidebar

(866) 598-4295

Get Fast Working Capital through Bankers Invoice Factoring

  • This field is for validation purposes and should be left unchanged.

Categories

  • Business Enhancement
  • Exiting Business
  • Factoring
  • Factoring Blog
  • Factoring Broker
  • Fraud
  • Frequently Asked Questions
  • Government Suppliers
  • Industries
  • Payroll & Staffing Funding
  • Receivable Financing
  • Seminars & Events
  • Start-Up
  • Supply Chain
  • Tax Issues
  • The Future
  • Trade Financing
  • Trucking Factoring
  • Turnaround

Footer

Services

  • Accounts Receivable Financing
  • A/R Insurance through Factoring
  • Bankers Factoring DIP Financing
  • Government Factoring
  • Payroll Funding
  • Purchase Order Financing
  • SAAS & Startup Factoring

Resources

  • Bankers Factoring Tax Lien Solutions
  • Factoring Rates Explained
  • Invoice Factoring Blog
  • A/R Financing & Factoring Glossary
  • Invoice Factoring FAQ
  • Online 24-hour Factoring Reporting
  • Quickbooks Factoring Entries

Partner With Us

  • Bank & Credit Union Partnerships
  • Bankers Factoring Careers
  • Factoring Broker Program
  • Factoring Client Testimonials
  • Industries that Use Factoring

Follow Bankers Factoring

  • Bankers Factoring:
    An Employee-Owned A/R Factor
  • Privacy Policy & Legal
  • Bankers Factoring Sitemap
  • Locations & Offices
  • Contact Bankers Factoring

© Bankers Factoring LLC · 866-598-4295 · Fast Funding Now

  • Facebook
  • Twitter
  • Linkedin