Get started today! 623-298-3460

Freight Factoring Advantages

Freight Factoring Advantages

with Phoenix Capital Group

Freight Factoring: Freight factoring is a transaction in which a truck driver or fleet sells its accounts receivable, or invoices, to a third party freight factoring company, Phoenix Capital Group. This is done so that the business can receive cash quickly rather than waiting 30, 60 or 90 days for a customer payment.

Freight factoring advantages are endless, freight factoring programs help businesses across the country respond to expenses like payroll, fleet fuel and maintenance without having to wait for payments to process. Apply online for same-day approval and receive cash fast for your trucking company.

transportation freight funding

Transportation Freight Factoring Advantages:

  • Increase cash flow without creating debt.
  • 24-hour setup time for new accounts.
  • Online account access 24/7.
  • Freight bill factoring rates, sometimes below 1%.
  • Advances sometimes up to 100% of invoice value.
  • Extra cash available for other business expenses.
  • No minimum or maximum funds for your trucking company.
  • No long term contracts.
  • No minimum time required for your company to have been in business.
  • Apply online with no application fee.
  • We are a one-stop transportation service company.
  • Free online credit checks for your customers.
  • Easy to use credit rating system.
  • No hidden fees for clients.
  • PCG representatives available to take calls regarding recourse freight factoring.
  • Always welcome to stop by our office to talk to a PCG representative.
  • Once a freight bill factoring client, truckers are eligible for equipment financing and fuel card programs!
  • Free 24/7 online load board for clients.

Freight Factoring in Five Easy Steps:

 

  1. Trucker performs a service for your customer.
  2. Trucker sends their invoice to the factoring company, Phoenix Capital Group.
  3. Trucker receives a cash advance on their invoice from the Phoenix Capital Group.
  4. The factoring company, Phoenix Capital Group, collects full payment from the trucker’s customer.
  5. The Phoenix Capital Group pays the trucker the rest of their invoice amount, minus a fee.