FREIGHT BROKERS, TRUCKERS, TRUCKING COMPANIES
Cash Flow: Our underwriter is one of the few companies that can finance freight brokers and understands the need to have steady cash flow. The industry average for receiving payment is 41 days, but most carriers want to be paid in 30 days, 7 days or RIGHT NOW. By financing accounts receivable, brokers can get immediate cash to take care of carriers, commission and expenses with a minimum of fuss and expense.
Accounts Receivable Management: Our underwriter helps brokers focus on what they do best; maintain and build relationships with carriers and shippers. We can handle credit management, billing, collecting, and cash application. By outsourcing these tasks, a brokerage, or any company, can maximize its resources and profits - allowing you to focus on what you do best!
Improved Credit Rating: By handling carrier settlements, our underwriter will improve a broker's credit rating with the different reporting services. Many carriers use factoring companies that report to the different credit agencies so paying them on time improves score. A better credit score will cause better carriers to want to work with the brokerage.
QUICK PAY MANAGEMENT
Our underwriter understands that many carriers ask for funds to keep themselves moving. We can manage paying those carriers based on terms you have negotiated. That could be an advance on pick up for fuel, payment on empty, or payment at seven days or 30 days. We can utilize Comcheks, TransChecks, Moneycodes, wires or EChecks to get payment to your carriers.
Most Brokers pass on the fees to their carriers for these services. You can use our economies of scale to improve you bottom line.
START-UP BROKERS
While many factoring companies will not touch start-up brokers, we thrive on them. We can provide stable income and benefits such as health insurance so you can easily make the move and be on your way to success. We can help you build a credit history and boost your reputation on the load boards.
Not only will we provide the funds you need, we can provide advice and information to make you successful. Our people have been doing this for over 65 years and have learned a lot of lessons along the way.
You have a solid, experienced team on your side: Our underwriters has been financing transportation since 1942. They take pride in their service and it shows with several client relationships exceeding ten years or more. Our underwriter is a proud member of the Transportation Intermediaries Association (TIA).
Simply fill out our quick form and we will set up a free, no-obligation consultation. At the end of the consultation, we will both know whether it makes sense to partner.
ADDITIONAL SERVICES
Let us know if you need any of these additional services:
Insurance
Our underwriter's subsidiary company provides insurance to transportation and commercial businesses.
Fuel Management
Through our underwriter's special card, any customer can manage fuel purchases.
Inventory Financing
Is available for our customers who need funding on their inventory.
Purchase Order Financing
This is available to our factoring customers.