Title: Transportation factoring
1Transportation Factoring A resource to help
trucking companies. It can be a consistent
resource to alleviate a tight cash flow
situations.
2A factor is a company that pays money for your
invoices.
- Factoring is the sale/purchase of accounts
receivable for a discounted price - Factoring isnt lending. The factor buys the
invoices.
3Crown Factoring
- Crown and Tailgate come to terms.
- Tailgate has invoices
- worth 10,000.
- Crown buys those at a
- discount.
- Crown will provide
- money to tailgate based
- on tailgates invoices.
4For many truckers, factoring is often a good
deal, but of course not always.
- Whether you are a small trucking company, a start
up trucking company just starting out on your
own, or a freight broker, Advance Business
Capital is the finest freight factoring financing
solution on the web.
5Recourse factoring
- Recourse factoring is the sale/purchase of
accounts receivable with the option of legal
recourse in case of default.
- Recourse factoring means the seller (the trucker)
is liable for unpaid invoices. - Recourse factoring is usually an option for fleet
operations.
6Non-course factoring
- Non-course factoring is the sale/purchase of
accounts receivable without the option of legal
recourse in case of default.
- Non-recourse factoring means the seller (the
trucker) is not liable for unpaid invoices. - Non-recourse is usually an option for
owner-operators
7Freight broker
- A freight broker acts as intermediary
between shipper and carrier. For this service,
the broker is paid a percentage of the shipping
fee. -
- A freight broker plays an important role
in the movement of cargo, as he or she works to
determine the needs of a shipper and connects
that shipper with a carrier willing to transport
the items at an acceptable price.
8- Brokers are the connectors between shippers and
carriers - Brokers assume liability for freight delivery and
payment - Brokers must be able to provide carriers with
immediate payment - The great majority of brokers must have access to
outside capital, which is usually provided by
factoring companies
9If you have any questions about factoring
services, feel free to contact us
- Address
- Advance Business Capital LLC 701 Canyon Drive,
Suite 105Coppell, Texas 75019 - Phone (214) 513-9600
- Toll Free (866) 414-9600
- Facsimile (214) 269-8222
- Website
- http//www.cash4truckers.com