TCI Freight Factoring

More information about TCI Freight Factoring

At TCI Freight 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 through our Freight Factoring programs.

TCI Freight 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 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 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 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 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 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 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 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 Factoring. The account debtor is then notified of the sale and then remits payment directly to the Freight Factoring Lockbox.

There are three integral parts to a factoring transaction:

1. The Fee - This is the amount TCI Freight Factoring will charge you for the service. Most Freight 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 Factoring refer to this service including, Truck Factoring, Freight Bill Factoring, Trucking Factoring, and Freight Invoice Factoring.

At TCI Freight 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 Factoring, look no further than TCI Freight 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 Freight 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 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 Factoring? Call 800.280.3335 or Click here

TCI Freight Factoring Provides service to every type of trucking company including:

Want to learn more about TCI Freight Factoring? Call 800.280.3335 or, Click here