Transportation Business Cash Shortage
Are you waiting for 30, 60, 90 days payments from your customers? Are your transportation business expenses are piling up? Are you having cash shortage problem before delivering a freight or after delivering a freight? You don't have to worry anymore. Your troubles are over now. Doitvel Funding group factoring program can help providing you up to 95% advance of your freight invoices. All you do is sell those invoices to us and everything else will take care of itself. We helped thousand of owner operators, small fleets, and mid to large fleets get back on the road where they belong nationwide.
What is Freight Factoring?
Freight Factoring is very easy and simple to set up. it's not a loan. Actually it is selling your freight invoices for instant cash, not waiting for slow client payments taking 30, 60 or 90 days to collect. This Advance cash can help your business paying for expenses : driver's payroll, fuel, repairs, maintenance and insurance ....etc.
Freight Factoring Criteria
Sales per month
$50,000 to $20,000,000
Closing early as
5 -10 days
Start-up fees
1% and up
Advance account receivable
70 to 90%
Cash for Freight account receivable
Within 24hrs to 48hrs
Type
Non-recourse and recourse
1. Deliver your Freight load
2. Send a duplication of the invoices to Doitvel Funding Group
4. Approval is going to take 24hr-48hr
5. We'll help your business funded up to 90% advance to your company within 24 hr
3. Once we gather your business information, and invoices we will guide you to right funding department
6. A factoring company will collect invoice payments from your client. It usually takes 30, 60 , 90 days. After collecting, the remaining balance will send back to your business minus a factor fee.
Transportation Industries we work with
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Start Up Truck Company
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Livestock
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Dispatch Service
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Trucking Haulage Local With Storage
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Trucking Haulage Consultants
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Trucking Haulage Management
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Trucking Haulage Oil Field
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Containerized Freight
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Contract Hauling
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Dump
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Owner Operations
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Trucking-passenger-tour Bus
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Trucking-passenger-tour Bus
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Trucking-freight Train Load
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Commodity
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Grain
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Heavy Hauling
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Liquid & Dry Bulk
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Local Cartage
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Motor Freight
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Over Dimensional Load
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Refrigerated
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Sand & Gravel
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Trucking Brokers
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Trucking-air Freight
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Trucking-intermodal Drayage
Benefits of Invoice Factoring
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It's great for start up truck company
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Build better relationship with clients
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Improve cash flow
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Faster cash from slow paying clients
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Help business owners seek better credit worthy clients
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Increase profit
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Growing business rapidly