Sign up for The Wire Newsletter!

Factoring company?

Discussion in 'General Expediter Forum' started by Kip life, Sep 27, 2017.

  1. Kip life

    Kip life Active Expediter Owner/Operator

    Joined:
    Feb 25, 2017
    Messages:
    259
    Trophy Points:
    40
    Ratings:
    +92 / 6 / -0
    Team, I am looking factoring company recommendations. please help

    New company with 5 trucks

    Low volume for now

    No long term contracts

    Please help

    Sent from my SM-N900T using EO Forums mobile app
     
  2. KASLY

    KASLY New Recruit Researching

    Joined:
    Jul 16, 2017
    Messages:
    1
    Trophy Points:
    1
    Ratings:
    +1 / 0 / -0
    Good luck finding a good factoring company that customers want to work with. Send your carrier qualifications V3 Transportation and we might be able to set you up and factor for you without a contract through load by load basis. Broker MC NUMBER and insurance required.
     
    • Like Like x 1
    • crich
      Dancing

      crich Expert Expediter Fleet Manager US Navy

      Joined:
      Jul 30, 2013
      Messages:
      375
      Trophy Points:
      110
      Ratings:
      +137 / 0 / -0
      Carrier:
      R Farms Transport INC.
      Vehicle:
      Hotshot Flatbed
      century finance out of AR I think they charge like 3%
      Get Fast Cash with Century Finance - Century Finance I worked with them a couple years never had any issues.

      if your looking for someone to help grow your fleet and finance equipment they charge 5% and will finance your insurance premiums.
      Premier Freight Factoring for Owner Operators | TAFS
      only downside to them is you have to sell all your receivables. I am with them now. they also offer dispatching for an extra 5% they will run your whole fleet. rates are going up

      look around you will find factoring as low as 1.5% but they are usually recourse and will charge you back if they don't get paid within 30 days. I prefer the non recourse.
       
      • Like Like x 1
    • John Clark 46

      John Clark 46 Active Expediter Retired Expediter

      Joined:
      Aug 31, 2017
      Messages:
      111
      Trophy Points:
      30
      Ratings:
      +122 / 0 / -0
      Crestmark Bank. Troy,Mi. As low as 1.5% and works with auto industry and others. Ask for Sherri

      Sent from my LGLS990 using EO Forums mobile app
       
      • Like Like x 1
    • crich
      Dancing

      crich Expert Expediter Fleet Manager US Navy

      Joined:
      Jul 30, 2013
      Messages:
      375
      Trophy Points:
      110
      Ratings:
      +137 / 0 / -0
      Carrier:
      R Farms Transport INC.
      Vehicle:
      Hotshot Flatbed
      here is some more options for you. when considering factoring company you should really do some research as alot of the 3pls and brokers have a quick pay program that will pay in 1-3 days and may be a little cheaper than actual factoring company. it is best not to get involved with a company that requires you to factor all your freight bills as your financial situation will change.

      Accutrac Capital Inc Advance Capital Solutions, LLC AeroFund Financial, Inc. AFG Transportation Funding, LLC AgriFact Capital, LLC Aladdin Financial Inc. Alliance Funding Solutions Allied Affiliated LP/Allied Affiliated Funding Althon Factoring Service Ameriqual LLC AmeriSource Funding, Inc. Anchor Funding Services LLC Apex Capital LP Assist Financial Services, Inc. ATF Finance Bay View Funding Inc Bibby Financial Services (Canada) Inc. Bibby Financial Services (Southwest), Inc. Bibby Transportation Finance Blackjack Express, Inc. Capital Credit Incorporated Capital Partners Financial Corp CarrierNet Group Cashway Funding CD Consortium Corporation Century Finance LLC Charter Capital USA CJM Financial, Inc. Commerce Commercial Credit Commonwealth Capital LLC Compass Funding Solutions CoreFund Capital. LLC Corporate Billing Inc Crestmark Bank Crestmark Commercial Capital Lending, LLC Crestmark TPG LLC/Crestmark Crestmark TPG LLC/Crestmark Bank DB Squared Inc D&S Factors Discount Freight Factors Diversified Lenders, Inc Dorado Finance Ltd Eagle Capital Corporation eCapital England Carrier Services Energy Transport Logistics Engaged Financial England Carrier Services Exchange Capital Corp Express Freight Finance Far West Capital Financial Carrier Services First Community Financial Corp FirstLine Funding Group Fleet One Factoring Foley Carrier Services Freight Collect Freightcheck c/o Bibby Transportation Finance Freight Funding Gateway Acceptance GBC General Business Credit G Squared Funding Gibraltar Business Capital Global Financial Group Goodman Factors Great Plains Transportation Services, Inc. Greystone Commercial Services, LP Gulf Coast Business Credit/Gulf Coast Bank & Trust HGS Funding Highland Billing Services LLC Insight Technology Integra Funding Solutions Integrated Logistics & Associates Interstate Billing Service Inc Interstate Billing Service/Regions IBS Interstate Capital Interstate Capital Corp. IPS Invoice Payment System Corporation iThrive Funding LLC JAC Financial JD Factors Corporation/ JD Factors LLC JD Factors Corporation/Corporation Daffacturage JD JD Factors, LLC Jetta Logistics JOBE Services, Inc. LBT Inc Lone Star Factors, Inc Love’s Solutions LLC LSQ Funding Group, L.C.Marquette Commercial Finance Marquette Transportation Finance Inc./MTF Match Factors Inc Max Capital Group McKenzie Banking Co MDR Capital MHC Financial Services Millennium Funding Multi Service National Bankers Trust/NBT Passport Neal Freeman Investments LLC New Century Financial Orange Commercial Credit/Inland Factors OTR Capital Outsource Financial Services, Inc. Partners Funding Pavestone Capital Paystar Logistics Paymax Carrier Services Pay4Freight.com Paystar Logistics PC Factors Phoenix Capital Group Porter Billing Services, LLC Power Funding, Ltd Powers & Stinson Inc Pro Funding Inc ProBilling & Funding Service Quickpay Funding LLC Rainbow Logistics, LLC Reliable Factors, Inc REV Finance Group, Inc Riviera Finance RMJ Leasing, Inc./RMJ Capital RMP Capital Corp Royalty Capital Inc RTS Financial Service Saint John Capital Corporation San Diego Commercial DBA Orange Commercial Credit Security Business Capital Security Credit Corp Seven Oaks Capital Associates, LLC Shamus Factoring Shaver-Kudell Mfg Sienna Funding LLC Sierra Finance LLP Single Point Capital/Paymax Carrier Services Steelhead Finance /Capital Associates Summar/Cash Factor Summit Financial Resources, L. Sunbelt Finance LLC TAB Canada Financial Services TBS Factoring Service, LLC TCI Business Capital Tetra Capital Thunder Funding Total Quickpay TransAm Financial Services, Inc. Transfac LLC/Transfac Capital Transport Clearings East/ TCE Transport Factoring Inc Transport Financial Solutions Transportation Alliance Bank/TAB Bank/TAB Transportation Funding Group Transportation Performance Solutions/TPS Transwest Capital Triumph Business Capital Trucking Partners, LLC TTI Transportation UC Factors/United California Factors United California Discount Corporation United Capital Funding Corporation Viva Capital Funding, Inc. Wallace Company Inc Wells Fargo Business Credit Winston Financial Group Yankton Factoring
       
      • Winner Winner x 1
    • Kip life

      Kip life Active Expediter Owner/Operator

      Joined:
      Feb 25, 2017
      Messages:
      259
      Trophy Points:
      40
      Ratings:
      +92 / 6 / -0
    • crich
      Dancing

      crich Expert Expediter Fleet Manager US Navy

      Joined:
      Jul 30, 2013
      Messages:
      375
      Trophy Points:
      110
      Ratings:
      +137 / 0 / -0
      Carrier:
      R Farms Transport INC.
      Vehicle:
      Hotshot Flatbed
      alot more than those I just cut and pasted the list of approved factoring companies from just 1 3pl I use.
       
    • ScottTheTrucker

      ScottTheTrucker New Recruit Industry Supplier

      Joined:
      Oct 16, 2017
      Messages:
      2
      Trophy Points:
      1
      Ratings:
      +1 / 0 / -0
      Thank you for the question. I also would like to know the same thing
       
      • Like Like x 1
    Loading...

    Share This Page