Transportation factoring
Recourse, Non-Recourse, and Pure Non-Recourse™ transportation factoring options. Factor in what you can get paid in minutes after load verification, with no hidden fees.
If you run a professional trucking business, you have experienced or will experience a delay between completing the job and receiving funds from your customer.
Whether you are a true owner-operator with authority or a small or large fleet owner, waiting to get paid can cause financial stress. Standard payment terms for the transportation industry are net 30 days, which means the majority of checks arrive between 33 and 45 days.
QP Capital’s transportation factoring services can solve the need for steady cash flow for operational expenses, fuel bills, driver salaries, leases, or insurance payments. It’s like being able to accept a credit card from your customer.
What Is Transportation Factoring?
Transportation factoring is the sale of accounts receivable at a discounted price. The benefit of this is that no debt is being established. You are simply turning a balance sheet asset into real cash. Whether you use QP Capital’s Recourse, Non-Recourse, or Pure Non-Recourse™ program, we are able to get you paid in minutes after verification of the load.
We do all the billing and receiving for you, freeing up your valuable time for revenue-generating activities. Any trucking company that has creditworthy clients can qualify for QP Capital’s factoring program, as factoring is based on the customer’s credit, not your own.
Benefits of Invoice Factoring for Transportation Companies
Get cash immediately in less than 24 hours. The steady cash flow helps to meet your day-to-day bill payments.
Eliminate the overhead costs associated with the processing and collection of invoices and handling charges.
Receive unlimited capital factoring, which is the only source of financing that grows with your sales.
There’s no problem if one has poor credit as only customers’ credit history is taken into account.
Rely on the flexibility of factoring and only factor the invoices you choose.
Get the ultimate peace of mind with QP Capital’s Pure Non-Recourse™ program.
Get Paid in 3 Steps with QP Capital
QP Capital is a financial institution that offers alternative business funding to its clients without the acquisition of debt. You can rely on our specialized services, such as purchasing outstanding receivables and turning paper invoices into real cash. This provides working capital to companies for startup, growth, and expansion.
1. DELIVER YOUR LOAD
2. SEND PAPERWORK
3. GET PAID
PURE NON-RECOURSE™
As long as you deliver a Pure load (no deductions or claims) and turn in Pure paperwork (paperwork that is acceptable to bill with), you never have to worry about that load again. It’s the ultimate peace of mind.
GET FUNDED IN MINUTES WITH QP PAY
Each QP Capital client receives their own personal QP Card that we can upload your funds in minutes after verification of the load. Some features of the QP Card include:
• Use anywhere MasterCard is accepted
• Nation’s largest fuel discount network
• Transfer funds to your bank account
• Push funds to sub-card accounts to pay drivers so they can purchase fuel
• Set up bill pay
• Use for company or personal expenses
GET PAID WITH A PICTURE
We have an app for that. By downloading our app, you can use your smartphone to snap a picture of the rate con and proof of delivery, making the paperwork process simple, fast, and efficient.
SIMPLE BUSINESS RELATIONSHIP
We’ve simplified every step of the process so getting set up with QP Capital usually takes less than 24 hours.
• We also have very simple terms and a flat fee structure with no hidden fees
• No long-term contract and no minimums you must meet
• Factor what you want
• When you no longer need our help, although we will be sad to see you go, we make the transition seamless
MORE THAN TRANSPORTATION FACTORING
We have a guy for that. We pride ourselves on helping our clients with much more than cash flow through factoring. Whether it be insurance, licenses and permits, dispatching, broker relationships, tracking costs, accounting, maintenance, and repairs, or acquiring direct shippers, we have the resources to help your transportation company succeed. Trucking is a complex and competitive industry. Leveraging our connections is a great way to reduce costs and maximize revenue to give you an edge against your competitors.