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More information about TCI Freight Bill Factoring
At TCI Freight Bill Factoring we understand the Trucking business. We have helped thousands of trucking companies over the years. Our success comes from the fact that we understand that every trucking company has different needs and we customize solutions for those needs accordingly with our Freight Bill Factoring programs.
TCI Freight Bill Factoring programs offer some of the highest advances and lowest Freight Factoring Rates in the industry. However, there is much more to a successful Freight Bill Factoring relationship than high advances and low rates. All of our Freight Factoring programs are complemented by our best-in-class services including Risk Assessment, AR Management, Billing, Collection, Treasury, and 24/7 web reporting.
TCI Freight Bill Factoring customers receive a free online subscription to FreebrokerCredit.com, America’s leading Freight broker credit reporting service. This service allows dispatchers the ability to check Freight Broker Credit real time 24 hours a day 7 days a week.
TCI Freight Bill Factoring customers can also sign up for the 24-7 Fuel Card. The 24-7 Fuel Card is a NO Hassle service-oriented fuel card accepted at over 10,000 truck stops in United States and Canada. The 24-7 Fuel Card is easy to use, simple to manage and accepted at Truck stops, Fuel Stops, and Travel Centers nationwide.
If you are running 2 trucks or 1000 trucks, TCI Freight Bill Factoring customers can take advantage of the all the options the 24-7 fuel card has to offer including where you can purchase your fuel. The 24-7 Fuel Card is accepted at the leading Truck Stops, Fuel Stops, and Travel Centers Nationwide including Flying J, Petro Truck Stops, Pilot Travel Centers, Travel Centers of America, Wilco Hess Travel Plazas, and other fine Truck Stops.
The 24-7 Fuel Card Offers
- Fuel Discounts at major Fuel Stops, Truck Stops and Travel Centers
- Cash Advance Capability at all major Truck Stops, Travel Centers and Fuel Stops
- Daily Reporting
Freight Bill Factoring process
Freight Factoring is a financial transaction whereby a business sells its accounts receivable (invoices) to a Freight Factoring Company at a discount in exchange for immediate cash.
Freight Factoring is different from a bank loan in two significant ways. First, the Freight Bill Factoring place the emphasis on the value of the receivables, not necessarily the firm’s credit worthiness or fixed assets. Second, factoring is not a loan – it is the purchase of a financial asset (the receivable). The receivable is a financial asset associated with the debtor’s liability to pay money owed to the seller for work performed or goods sold. The seller sells its invoices (the receivables) at a discount to the Freight Bill Factoring to obtain the cash needed for day-to-day operations.
The sale of the receivables (or invoices) transfers ownership of the receivables to the Freight Bill Factoring. The account debtor is then notified of the sale and then remits payment directly to the Freight Bill Factoring Lockbox.
There are three integral parts to a factoring transaction:
1. The Fee - This is the amount TCI Freight Bill Factoring will charge you for the service. Most Freight Bill Factoring will charge you a Factoring Fee also known as a service charge as well as interest based on how long it takes the debtor to pay.
2. The Advance - This is the percentage of the Face value of the invoice you will be paid upon submission of that invoice.
3. The Reserve - This is the remainder of the total invoice amount held until the payment by the account debtor is paid-in-full.
There are many different ways TCI Freight Bill Factoring refer to this service including, Truck Factoring, Freight Bill Factoring, Trucking Factoring, and Freight Invoice Factoring.
At TCI Freight Bill Factoring we provide our Freight Factoring service to a wide variety of small to mid-sized companies. We have earned a reputation for providing world-class service to companies who need Factoring Lines for their businesses. When searching for Freight Bill Factoring, look no further than TCI Freight Bill Factoring.
Banks often call their factoring programs Factoring Loans. Don’t be confused with this statement because factoring your accounts receivables is not a loan. Factoring is simply the sale of your Invoice at a discount to a Freight Factoring Company.
Are you interested in learning more about TCI Freight Bill Factoring?
Call today and talk to one of our factoring specialists. Our factoring specialists will give a free consultation on how invoice factoring can help your business succeed. With TCI Freight Bill Factoring there is no red tape to cut through or bureaucratic maze to navigate. We make the factoring application process simple and straightforward, and we’ll get you approved in just 5 minutes.
Want to learn more about TCI Freight Bill Factoring? Call 800.280.3335 or Click here
TCI Freight Bill Factoring provides its service to every type of trucking company including:
| TCI Freight Bill Factoring for Beverages Haulers |
TCI Freight Bill Factoringfor General Freight Carriers |
| TCI Freight Bill Factoring for Building Materials Trucking |
TCI Freight Bill Factoringfor Heavy Haul Trucking |
| TCI Freight Bill Factoring for Cargo Tank Carriers |
TCI Freight Bill Factoringfor Heavy Machinery Trucking |
| TCI Freight Bill Factoring for Chemicals Haulers |
TCI Freight Bill Factoringfor Hot Shot Carriers |
| TCI Freight Bill Factoring for Coal Coke Fleets |
TCI Freight Bill Factoringfor Intermodal - Dryage |
| TCI Freight Bill Factoring for Cold Food Haulers |
TCI Freight Bill Factoringfor Liquid Gas Carriers |
| TCI Freight Bill Factoring for Concrete - Pumping and Delivery |
TCI Freight Bill Factoringfor Livestock Carriers |
| TCI Freight Bill Factoring for Construction Delivery |
TCI Freight Bill Factoringfor Local Trucking |
| TCI Freight Bill Factoring for Contract Hauling |
TCI Freight Bill Factoringfor Log Pole Trucking |
| TCI Freight Bill Factoring for Dispatch Services |
TCI Freight Bill Factoringfor Lowboy Fleets |
| TCI Freight Bill Factoring for Drop Deck Carriers |
TCI Freight Bill Factoring for Meat Haulers |
| TCI Freight Bill Factoring for Dry Bulk Fleets |
TCI Freight Bill Factoring for Metal Sheet Carriers |
| TCI Freight Bill Factoring for Dump - Trucking |
TCI Freight Bill Factoring for Mobile Home Haulers |
| TCI Freight Bill Factoring for Farm Supply Delivery |
TCI Freight Bill Factoring for Oilfield Services |
| TCI Freight Bill Factoring for Federal & State Contracts |
TCI Freight Bill Factoring for Paper Products Carriers |
| TCI Freight Bill Factoring for Flatbed Carriers |
TCI Freight Bill Factoring for Produce Carriers |
| TCI Freight Bill Factoring for Freight Agents |
TCI Freight Bill Factoring for Refrigerated Haulers |
| TCI Freight Bill Factoring for Freight Brokers |
TCI Freight Bill Factoring for Utility Fleets |
| TCI Freight Bill Factoring for Freight Forwarder |
TCI Freight Bill Factoring for Van Carriers |
| TCI Freight Bill Factoring for Grain Feed Delivery |
TCI Freight Bill Factoring for Water Well Trucking |
Want to learn more about TCI Freight Bill Factoring? Call 800.280.3335 or, Click here
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