Receivables Factoring is a great way to increase cash flow for one’s business. In transportation, if a trucking company takes a load for $7,500.00 from a shipper broker or the load board the receivable I often paid up to 30 day after the load has ben delivered. In the meantime, the transportation company needs to have enough money for fuel, driver pay, insurance, office salaries, etc. and depending on the number of trucks the company is operating these expenses can exhaust a companies cash flow and in turn their ability to pay for their operating expenses. A Receivables Factoring company purchases the receivables from the transportation company for a percentage of the receivable and will collect from the issuer. Terms are negotiable and are often dependent on the customers, monthly volume of invoices and other factors. If you want help with your cash flow please click of the link to Source Funding.
Rest assured we will find a solution for you.
in 10 minutes
Borrow from $ 10,000
up to $ 500,000
7.5% per year
In order to qualify for financing, we will need the following.
How to apply for equipment financing ?
Fleet Equipment Finance is eager to add new customers to our clientel list. In order to secure financing please follow the below 4 easy steps.
Completely fill out our credit application.
You may upload or email : Copy of drivers license, last three months of bank statements, las two years of taxes, copy of invoice.
Wait for Approval
We will explore all financing solutions for you and your entity. We will provide a financing solutions within 3-5 business days.
If approved, you will receive docs via DocuSign, we will fund the seller, and you may pickup you equipment.
The affordable way
to fund your future
If you’ve been turned down by other lenders, do not give up on your dream to start your own trucking business. We have tailored programs to put you plan into action.
When doing business with Fleet Equipment Finance, you are joining a winning team with partnerships with other vendors with solutions for your new venture.