Freight Factoring for O/O's & Small Fleets (1-5 Trucks)

If you’re like many independent or small fleet operators who are short of cash and tired of pushing their credit limit, factoring may be your solution. If we approve your application, we’ll provide you with immediate cash for your invoices.

• Experience - At ABC, you’ll be dealing with a staff of experienced professionals, most with longtime truck financing experience. Unlike many factoring companies, our people are trucking veterans. Our CEO, Steven Hausman, is a fourth generation trucker who has himself spent time in the cab. Our Managing Board is made up of prominent and distinguished industry figures, including the heads of four major carriers, CEOs of two major transportation finance corporations, the founder of a major transpiration consulting firm, a former president of the American Trucking Association and the onetime Secretary of the United States Department of Transportation.
• P3 Status - We are the first and only freight factoring company to receive Transportation Intermediaries Association’s P3 (Preferred Platinum Provider) performance certification.
  

Straight Forward Details

When you sign up with ABC, you get more than just cash in advance, a lot more. You get online account services, a quick way to check broker credit and access to one of the industry’s top loadboards.

What You Get

• Non-recourse factoring – For small truckers, Non-recourse is the safest kind of factoring. In a nutshell, what it means is we buy your invoices, but if one of your customers fails to pay, we assume the debt, not you. Non-recourse exists because most small truckers don’t have the capital to make good on unpaid debts.
• 100% of what you’re owed – Unlike other factors, we don’t hold back reserves for Non-recourse customers. For example, if your invoice is for $10,000 and our fee is 4.99%, the amount we owe you is $9,501. And that’s what you get, all of it.
• Online services – You have 24/7 access to your Cash4Truckers account. At any time, you can see statements, agings and settlement reports.
• Load matching & credit check - Once your application is approved, you have free access to our proprietary broker credit check, which rates more than 20,000 brokers. You also get a free thirty day trial membership to TruckersEdge®, TransCore’s loadboard, one of the largest in the nation. Now you can search for loads and get credit approval at the same time.
• Fuel card – Our Cash4Truckers fuel card is a convenient way for you to pay for fuel and repairs without carrying cash or a commercial credit card. Your card is prepaid, drawn from our payment for your invoice. It’s your money, so you decide its credit limit. Our card is honored at more than 5,000 locations across the country.
• Fast payment – We have several different ways for you to get your invoices and other paperwork to us: TripPak, FedEx, UPS (or you can deliver them yourself). Whichever way you use, we pay as soon as we receive your original documents.

For more information about Freight Factoring for Owner Operators & Small Fleets visit www.cash4truckers.com