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Freight Factoring

Apr 04, 2016 at 06:17 AM CST
+ 2 - 1
Was just wondering if anyone would like to recomend a good reliable factoring company.
Replied on Mon, Apr 04, 2016 at 10:37 AM CST
+ 1
(800) 838-2907
Smart Freighr Funding ask for Jen she'll take good care of you
Replied on Mon, Apr 04, 2016 at 12:00 PM CST
Great Plains - call Dawn at 507-238-0220. Awesome group to work with!

Replied on Tue, Apr 05, 2016 at 07:55 PM CST
I would also highly recommend smart freight. I deal with them every week and they are as good as it gets.
Replied on Wed, Apr 06, 2016 at 09:39 AM CST
Go with smart freight they are excellent people to work with
Replied on Wed, Apr 06, 2016 at 01:37 PM CST
+ 4 - 1
Talk to your local banker about a line of credit if you deal with good brokers/ customers. Factoring is just the express lane to bankruptcy. Say on the low side you do 200K per truck and pay 3% to the factoring company, thats $6000 a year. My LOC rate is 5.5% and paid @ 2200 in interest last year. Why work hard at negotiating rates and then give your money to a factoring company.
Replied on Wed, Apr 06, 2016 at 09:12 PM CST
+ 1
Mr.Williams,
Maybe it is because you are in Texas and banks are probably more tuned into what this type of trucking is all about. Some of don't have banks that will work with you on these things making factoring more interesting. Also some of the factoring companies are offering fuel cards that help offset the burn of the factoring fees. Glad you are more fortunate than some of us with bankers.

Art Pfluger
Replied on Thu, Apr 28, 2016 at 11:27 PM CST
Well if its not late i would like to suggest a freight company, you can just browse and check out the company. I recommend BR International Logistics, i dont know if you guys know the firm but its one of the popular freight company in Australia. Maybe you can ask for some quotations and services or the freight factoring quotations. I hope this will help you out.


Regards,
BR International Logistics Sea Freight Melbourne Australia
Replied on Fri, Apr 29, 2016 at 09:37 AM CST
+ 2
I mean no harm when I say this.... But it amazes me of how some people are dead set against FACTORING and figure your giving people money that don't deserve it or are ripping you off but have MORTGAGES, CAR NOTES, BOAT NOTES, CREDIT CARD BILLS, BIG TRUCK NOTES, TRAILER NOTES and all other types of financial instruments that they're being charged fees and interest on but frown on factoring. Truth is that if you aren't paying CASH for everything then somebody is making some money off of you... Or should I say, they are getting some of your hard earned money. Now, I'll admit, if you can get an open line of credit then that's fine but HEY!!! that's not FREE either. So in my opinion, find your a reputable NON-RECOURSE factoring company... Haul the load... Get paid for it... Claim those fees on next years taxes as a business expense and keep trucking... Somebody is ALWAYS making money off of you but with factoring, at least you know upfront what's the charge is... Just my .02.. Which may not be worth much to some....
Replied on Fri, Apr 29, 2016 at 09:23 PM CST
+ 3
Shedrick. Very well said.

Art Pfluger
Replied on Thu, May 19, 2016 at 07:38 PM CST
I second to that Rose! Well said mate.
Replied on Thu, May 19, 2016 at 07:57 PM CST
Many factoring companies do other services besides handling you bills for money.. Run credit checks for you.. Some have fuel cards available.. Any more its all about the price of doing business... Thanks to deregulation..
Replied on Fri, May 20, 2016 at 10:54 AM CST
Originally Posted by: JEFF PEARSON
Quote: "Many factoring companies do other services besides handling you bills for money.. Run credit checks for you.. Some have fuel cards available.. Any more its all about the price of doing business... Thanks to deregulation.."

Carrier net financial!!!!!!! Talk to Devin. They are out of Sioux Falls South Dakota. Awesome people!!!!!