There is no doubt about it, for a transportation company to remains successful and on the roads, they depend on continous cash flow. Freight factoring may be the best service to ensure that you are able to generate enough cash flow to cover your company expenses. Unfortunately, there are several clients that do not always pay their bills right away. This often leaves transportation companies with cash flow gaps between the time the load is delivered and when the customer pays their freight bill.
Unlike other forms of financing, such as bank loans, factoring provides you with up to 95% of the face value of your invoices and takes the responsibility of collecting from your clients off your back. Why wait between 30, 60, or 90 days for your customer to pay their freight bills? A factoring company for trucking can send you money almost instantly for unpaid invoices at a discount. If you are considering using transportation factoring to meet your financial obligations with ease, it is important to choose the right factoring company that is experienced, trustworthy and flexible, like Viva Capital Funding.
In addition to traditional factoring company services, Viva’s programs for carriers include options like a dedicated team to accelerate your billing and collections process and money-saving fuel cards, so your business grows stronger by the day. Whether you have a single truck or small-to-midsize fleet, have an occasional cash flow shortfall, or qualify for volume discounts, our team will work with you to find the ideal solution and provide a transparent quote at a competitive rate.
Benefits of Using Our Freight Factoring Services
Whether you have accounts receivables for a long-standing contract or a one-time event, we can get you fast funding to keep your fleet moving. We factor a wide range of trucking companies across the country with all types of cargo (Flatbed, Refrigerated, Dry Van, Hazmat, and Intermodal) with the following benefits:
- Low Rates: Save more with competitive rates that start as low as 0.75% for qualifying clients and can be prorated.
- High Advances: Receive up to a 100% advance.
- Fuel Cards: Get better fuel pricing and cost control with 24/7 Fuel Cards at more than 1,000 locations nationwide.
- Quick Setup Time: Begin factoring quickly with our streamlined setup process
- Quick Funding: Speed your cash flow even more with same-day funding.
- Expanding Opportunities: Quickly expand factoring lines as your company’s needs grow.
- Additional Services: Take advantage of debtor credit checks and collection services.
- Customer Portal: Access your account 24/7 through your personal Customer Account Portal.
- Seasonality Services: Get the help you need managing seasonal ups and downs.
Trucking Factoring Advantages
Easily secure the financing needed for fuel, repairs, operations, and payroll.
Viva Capital can provide fast cash to small and medium-sized freight companies. Through factoring, carriers can easily secure the financing needed for fuel, repairs, operations, and payroll without having a long-term commitment or burdening the company with unnecessary debt.
- Recourse and non-recourse freight factoring programs
- Fast payment (hours, not days)
- Credit checks before taking on loads
- Fuel discount cards
- Fuel advances
- Low factoring fees
- No minimum volume requirements
- Funding from copies
- After-hours fuel credit
- 24/7 online access
- Customer service team dedicated to your account
Free yourself to focus on other important parts of your business.
Factoring is a great solution for transportation owners, operators, and startup trucking companies. Factoring a freight invoice is based on your client’s credit and ability to pay their bills since they are going to be making the payment. This means your business size, credit, and financial history won’t impact your ability to factor!
Freight bill funding can help you get access to cash quickly, which in turn allows you to focus on other important parts of your business, including:
- Hiring drivers
- Repair or replace an engine
- Make a down payment
- Pay taxes, registration fees, or insurance premiums
- New equipment
Why Viva Capital?
There are many elements that go into deciding which third-party financier to choose. You should go with a company that appreciates the daily challenges and opportunities of your business. We strive to make the process as simple as possible. We fund quickly and handle all your back-office billing and collection needs. We understand that you and your team are focused on getting your trucks on the road and may not have time to spend in the office dealing with your receivables. Collections can be time-consuming and expensive. Viva Capital Funding will help your transportation business by providing the financing and back-office you need while you focus on growing your business.
Contact us today to learn more!
Viva Capital has made processing invoices and receiving our funds a simple process with many added-value services. Their simple funding process has positively impacted our business and accelerated my company’s cash flow cycle. The Viva Capital Team has worked to understand my business and provide great customer service. Especially David and Teresa!
Turn your transportation invoices into immediate cash.