With the economic uncertainty today, getting the payment for the work you have done is really important. The easiest and the safest way to get the payment in the trucking industry today is through factoring. When considering freight factoring let us discuss the factoring services by 1st Commercial Credit LLC. This is the most reliable and best factoring services providing company in the United States.
A brief on what freight factoring is? Freight factoring is basically for the truckers or the trucking business. These truckers can immediately get the payment after completing their work through freight factoring even if the shippers who are using the trucking facilities have not paid the shipment charges. The freight factoring company releases funds for the carriers by purchasing invoices of the shipping company. Therefore, the interruption of cash flow is avoided for the survival and growth of the trucking business.
Choosing 1st Commercial Credit LLC as the Freight Factoring Company for You
Logistics and Freight Factoring have become so popular that you can easily get a good factoring service online. Online freight factoring company provides fast and efficient processing with minimum paper work. This way you save both time and money.
1st Commercial Credit is an online freight factoring company providing financial assistance to many owner operators, small and medium fleet businesses. The company is the largest of its kind providing varied asset based financial services such as equipment leasing, freight factoring, inventory financing and purchase order funding for new as well as old businesses.
1st Commercial Credit is expert in judging the capacity of your business and the long haul charges according to it. The company will provide funding for the fuel, maintenance, repair and other related charges of the trucks being used. This will avoid taking loans for such issues by the small businesses and owner operators. With the factoring and financial services by 1st Commercial Credit, the truckers will not suffer loss when the payment is delayed by the shippers.
1st Commercial Credit doesn’t require any financials and provides the factoring facility at a very affordable rate of 1.59% for 30 days for all sized trucking companies. The company provides free credit checks and facilitates the credit checking with in 15 minutes for new loads. There are no administration charges and application fees when you transact with 1st Commercial Credit. Broker and customer references are also provided on request. The initial funding is set up by the company in just 3 to 5 working days. The company would provide same day funding to the shippers and brokers who are already credit approved. Containerized freight and Intermodal hauling is also factored by the company.
Thus we see that 1st Commercial Credit is the company that knows in and out of the trucking industry and can assist in providing cash flow to your business instantly. Your long stuck freight bills can now be cleared within 24 hours and you can also indulge to haul more loads with increased cash flow. The factoring service of this company can be availed for businesses with just 1 truck to the one with more than 2000 trucks. The factoring amount per month ranges from $5000 to $10 million.