Accounts Receivable Factoring Services for Trucking Companies

This listing presents an Accounts Receivable Factoring service designed for the trucking industry. It offers a solution for businesses needing immediate working capital by leveraging their outstanding invoices. The service allows companies to advance up to 85% of their receivables, with competitive factoring rates starting from 0.69% to 1.59%, or an alternative of Prime + 2%. Key advantages include no monthly minimums, no invoice minimums, and a streamlined setup process taking only 3 to 5 days. Credit lines are available from $10,000 up to $10,000,000. Prospective clients are required to submit a completed application along with supporting documents such as an accounts receivable aging report, customer list with credit limits, articles of incorporation, purchase order or rate confirmation agreements, and invoices to be factored. Notably, there are no upfront fees associated with this factoring service.