Hot Shot Trucking Factoring FOR Texas COMPANIES

What if you could receive immediate payment for the freight bills you send to your customers, rather than waiting for 30-60 days or more? It's not just a wishful thinking anymore! Our trucking factoring services offer you the ability to access up to 100% of the payment right when you need it, without any reserve. We take charge of collecting the payment from your customers, allowing you to focus on managing other critical areas of your trucking business. Once your customer pays the bill, we refund the remaining 3-15% reserve balance to you, minus the factoring fee. Keep in mind that this is not a loan, so there's no need to worry about accumulating any debt. You can put that money to work immediately and drive the growth of your trucking business.

Our company has been operating since 1979. We're not owned by the public, but by individuals who have a strong financial position. We've managed to stay afloat during tough economic times when other businesses have failed. We understand the challenges that arise during difficult periods. We'll provide guidance to ensure you make sound financial choices during both prosperous and challenging times. Rest assured, we'll be here to support your trucking business and keep it running smoothly and resilient.

Our company has been operating since 1979. We're not owned by the public, but by individuals who have a strong financial position. We've managed to stay afloat during tough economic times when other businesses have failed. We understand the challenges that arise during difficult periods. We'll provide guidance to ensure you make sound financial choices during both prosperous and challenging times. Rest assured, we'll be here to support your trucking business and keep it running smoothly and resilient.

Experience our superior offerings and service. Call us today.

Feel confident that you're making the right decision with our factoring company. Since 1979, we've been funding various businesses. If your needs are outside our capacity, our large resource network can help find the perfect match for your business. You'll be impressed by our flexibility and the way we align your specific needs with the right funding source. We lead the market with our tailored services and vast network.

We join forces with trucking companies, regardless of their scale or age. Small businesses are like the building blocks that hold our economy together.

If you transport shipments for reliable companies and want to avoid delayed payments, factoring can provide a valuable option. If your customers consistently meet your payment terms, factoring is advantageous.

You bet! If you have a payment plan established with the IRS, we can likely provide you with some assistance.

Give us a shout and speak with one of our veteran factoring experts.

Yeah, if the UCC is holding your invoice payments as collateral, we'll need the lender to agree to put it below or cancel it to accommodate factoring. Factoring requires having the first position with the UCC for your invoice payments. We can assist you in managing that procedure.

No worries! Unlike most companies, we believe in complete transparency when it comes to our fees and rates. Our factoring rates are highly competitive in the industry and depend on factors like the number of trucks you have, the amount of business you want to factor, the type of loads, and any potential risks associated with your customers. We offer funding through ACH, wire transfer, and electronic invoice submission. Each of these options involves a small fee, which we'll always clearly communicate upfront when we present our factoring proposal. We don't charge any setup fees like the others. Furthermore, there are no monthly minimum fees or any other types of charges from us.

No need to worry about minimums! You have the freedom to select the invoices you'd like us to assist you with. Additionally, we offer agreements that start from just 90 days. Our factoring program works like having a credit card in your pocket, ready for use whenever necessary. Give us a call today and let's get started!

No issue at all, you have the flexibility to pick the accounts you want to factor. It's your call on which invoices you want to submit for funding whenever it's convenient for you.

Complete a short online application and submit: evidence of insurance; a scanned copy of your driver's license; legal paperwork such as Articles of Incorporation or Fictitious Business Name Statement (DBA filing); a duplicate of your W-form; and maybe one or two other documents depending on the size of your business. Normally, it takes about a day to receive a proposal, and from start to funding, the whole process usually takes to days.

Ensure that your business is officially structured (Corporation, LLC, sole proprietor) with the proper authority (DOT or MC) and insurance. Additionally, assess the creditworthiness of your customers.

You share your invoice, bill of lading, load confirmation, and any related backup documents with us.

Speak to one of our account representatives and we’ll give you all the information that fits your particular business.

Indeed! Our private company, formed by entrepreneurs who've been in your shoes, knows your struggles. We've faced the same trials and are here to assist you every step of the way. We listen to your specific circumstances and craft a custom plan for your business. Reach out to us today for a no-pressure conversation!

When it comes to interacting with your customers, we maintain a professional and respectful demeanor, recognizing the value of these relationships for your business. It's important to clarify that we are not a collection agency. Instead, we take on the responsibility of being your designated Credit and Collections Department for factored invoices. This includes making calls on your behalf to inquire about payment statuses, maintaining a record of check dates that we can share with you, and conveying any necessary messages. Our aim is to simplify the process and enable you and your team to focus on more important endeavors.

Definitely! You'll have easy online access to aging reports, and we'll make sure you're aware of any collection concerns to prevent any surprises from arising.

find out more about how you can benefit from factoring with Orange commercial credit. call us today.

Our team is equipped with extensive credit expertise and resources. We offer real-time credit checks on brokers' creditworthiness, ensuring you have the necessary information to make informed decisions about the loads you accept. This valuable insight helps you stay ahead of payment trends and avoid any potential bad debts, allowing your business to operate smoothly.

Trust our factoring service to optimize your cash flow and improve your financial position. Transportation companies, regardless of their scale, can count on us. Initiating the process is straightforward—contact us, and we'll guide you through it.