Transportation factoring

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Transportation factoring

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Factoring isn’t taught in most business colleges and it’s seldom mentioned in business plans, yet it’s an essential part of the American economy. Factoring takes place in almost every industry. cash4truckers deal exclusively with freight factors. – PowerPoint PPT presentation

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Title: Transportation factoring


1
Transportation Factoring A resource to help
trucking companies. It can be a consistent
resource to alleviate a tight cash flow
situations.
2
A 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.

3
Crown 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.

4
For 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.

5
Recourse 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.

6
Non-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

7
Freight 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

9
If 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
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