Financing for Trucking Companies

Is Your Cash Flow Tied Up In Receivables?

Your trucking company may be eligible for initial funding of up to $250,000 with no financials required – no monthly minimums. Additional funding may be available with some documentation through factoring or accounts receivable financing.

Request a quote right now… Dial 310-370-4871

Factoring For Trucking Companies

Now owner-operators, small trucking companies and large fleets nationwide can obtain freight bill factoring services. CFIC Funding Inc, makes the process simple-to-understand, provides flexible credit limits and same day decisions.

This allows you to set up your account within 4 to 5 working days. (Must have 2 trucks minimum for factoring program)

Our receivable finance program for your trucking company is not a loan, it is simply an ongoing transfer of your freight bills (Receivable Asset) for us to finance. There is no debt created and no payments due. It is that easy!

Trucking Industries We Fund:

• Intermodal and Containerized Freight
• Auto Carriers
• Auto Hauler
• LTL
• Freight Brokers
• Moving Companies
• Special Equipment Haulers
• Long Haul loads
• Local Delivery
• Cattle Carriers
• Boat Hauler
• Dry Van Hauler
• Dry Bulk Hauler
• Flat Bed
• Reefer Hauler
• Manure Hauler
• Local Hauler
• Household Goods Hauler
• Regional Hauler

Are you losing out on potential sales due to shippers or brokers insisting on payment terms?
Your trucking company can grow by offering credit terms or extended payment terms to
potential shippers and brokers.

Request a quote right now… Dial 310-370-4871

What makes us unique in the truck factoring industry?

• 15 Minute credit checks for new customers
• Industry specialization allows us to offer higher advance rates
• No long term contracts
• We accept newly formed businesses
• Sole proprietors accepted
• Same day funding via Wire Transfer or optional ACH
• Four Man Team is Assigned per Client
• Online Reporting
• Simple to Understand Rates
• Fuel Card Services (Optional Service)

No Hidden Fees

• No Minimum Invoice Fees
• No Need to Factor All Accounts
• No Need to Factor All Invoices
• 15 Minute credit checks for new customers
• No Hold Backs or Deposits Required
• We accept newly formed businesses
• Sole proprietors accepted
• Same day funding via Wire Transfer or optional ACH
• Four Man Team is Assigned per Client
• Online Reporting
• Simple to Understand Rates
• Fuel Card Services (Optional Service)

Request a quote right now… Dial 310-370-4871

Accounts Receivable Financing or Factoring–How to Get Cash Fast

One of the most useful, yet misunderstood types of loans is Accounts Receivable Financing or Factoring. This is a method used by a firm to obtain cash when the available cash balance held by the firm is insufficient to meet current obligations and accommodate its other cash needs. The use of Factoring to obtain the cash needed to accommodate the firm’s immediate needs will allow the firm to maintain a smaller ongoing cash balance. By reducing the size of its cash balances, more money is made available for investment in the firm’s growth.

Often when Factoring or Accounts Receivable Financing is recommended, the business owner is less than enthusiastic as they believe that it will make them look insolvent to their customers. Nothing could be further from the truth. In most cases, before their customers grew to their current size, they probably used factoring themselves. Many times, they’re still using some form of factoring.

Many businesses have cash flow that varies. A business might have a relatively large cash flow in one period and might have a relatively small cash flow in another period. Because of this, firms find it necessary to both maintain a cash balance on hand, and to use such methods as Accounts Receivable Financing or Factoring, in order to enable them to cover their short term cash needs in those periods in which these needs exceed the cash flow.

Not all Accounts Receivable lenders or Factors are comfortable with every type of business or industry. That is why we maintain active relationships with several different Accounts Receivable Lenders or Factors. You can save you lots of time and wasted energy by quickly matching your needs with the appropriate lender.

Once the application and supporting documents is received, funds can usually be made available within 2 weeks. However, there are some lenders we have relationships with that can make funds available within 24 or 48 hours of receiving the completed application and supporting documentation.

If you need help, ask us for it. Visit us tomorrow for another free commercial loan secret and be sure to subscribe to our RSS feed.

You can also contact us to ask questions and voice your concerns. Just pick up the phone and dial, CFIC Funding, Inc. today at 310-421-7370! Ask for David Young or Wayne Clinton. You can also visit http://www.cficfunding.com or mail david@cficfunding.com or wayne@cficfunding.com