Whether you’re an owner-operator, or manage a small- or medium-sized trucking company, you know that there are a lot of barriers to financial success. The logistics of running a truck can be astronomical, so it’s in your best interest to have a partner who can help you out. Financial Carrier Services offers the services you need to keep your trucks on the road and earning money.
Freight Invoice Factoring
If there’s one thing that frustrates trucking companies of all sizes, it’s having enough capital to keep up with your expenses. Due to the nature of the trucking industry, many companies use an invoicing system to request payments from their clients. In theory, this means that you’ve got a steady flow of income as you complete jobs. In actuality, a trucker might not get paid for a job for more than 30 days after the job is completed. This can put some companies in a bind, as they’ve got invoices out, but no cash coming in. Expenses like driver’s wages, fuel costs, and repair and maintenance quickly add up.
That’s what makes freight invoice factoring so valuable. Financial Carrier Services takes over your invoices for you and gives you a cash advance on the invoice. You’ll get the majority of your cash upfront, and we just take a small fee. After we take over the invoice, we manage negotiations with your clients in order to collect the payment.
Without a service like this, you could wait 30, 60, or even 90 days to get paid for your work. Freight invoice factoring is the most effective and the fastest way to get paid for your work sooner rather than later! As an added advantage, when you get paid sooner, you can take on more jobs to earn more capital.
Express Load Management
Do you find yourself spending more time managing your invoices and collecting bills than actually driving? It’s time you work with our dedicated in-house collections team. As part of our express load management, we take care of all of these administrative tasks for you. Unlike factoring, this service has a low flat fee so there’s no guess work in figuring out the cost to you. It’s another step in our one-stop-shop initiative.
Equipment Financing and Truck Warranties
A trucking company is only as good as its least-reliable truck. Keeping your equipment up-to-date and in shape is vital for growing your trucking business. That’s why Financial Carrier Services is excited to offer equipment financing and truck warranty services.
With our financing program, you can invest in new tractors, trailers, and other parts, helping your business make more deliveries and helping your clients across the country. We also offer tire loans, repair loans, and other essential loans. To take advantage of our equipment financing, we just ask that you be an active client in good standing for 60 to 90 days. Payments are taken straight from your factored loans.
Getting a warranty on your new or used trucks is easy with our flexible financing options. A warranty offers you peace-of-mind, knowing that your rigs are rolling without issue.
Unlimited Free Credit Checks
Maintaining a strong credit score and creditworthiness opens you up to more financial opportunities. Every account with us is provided with a customized carrier portal. You can use this resource to view an unlimited number of broker credit checks. With accurate financial data, you’ll have all of the information you need to stay on the road!
Fuel Cards and Advances
At the top of every trucking company’s budget is fuel costs. It’s easily the number one consumable they account for every day. Clever trucking companies will try nearly anything in order to minimize these costs while maximizing their returns.
Luckily, there’s an easier way to do this than asking your drivers to resort to hyper-mileage tactics. We now offer fuel cards, fuel advances, and discounted HVUT Form 2290 e-filing for our clients. Our fuel card program can provide fuel discounts of up to $0.50 off every gallon! We can also up to 50% fuel advances, ensuring that your trucks arrive at their destination on-time and within budget. We’ve partnered with leaders in the field of fuel cards, like EFS and Multi Service to help keep your trucks moving.
After fuel and paying drivers, maintenance costs are an ever-expanding cost for trucking companies. Financial Carrier Services has an extensive network of partnerships with trusted industry leaders that help to minimize some of your recurring expenses. When you work with us, you’ll enjoy discounts on essentials like tires, insurance, oil changes, and much more. The less you spend on things like this, the more you can invest in the success of your business!
Get Started Today
At Financial Carrier Services, we know exactly what your trucking company needs to succeed. That’s because we’re experienced in trucking ourselves. Before we started Financial Carrier Services, we were disappointed in the way that independent, small- and medium-sized trucking companies were treated by other companies. Rather than relying on the same large reserves and slow payments our competitors are known for, we dedicated ourselves to the best factoring experience possible. We‘ve tailored all of our trucking services to help you do more and spend less.
Getting started is easy. Just contact us to speak with a sales representative. Together you can figure out which of our services you’ll benefit from the most. Once you understand the agreement and are set up, you can send invoices to us. We offer same-day processing and payment, ensuring that you’ve got the liquid capital you need when you need it.