TRUCKING factoring
Recourse, Non-Recourse and Pure Non-Recourse™. Factor What You Want get paid in minutes, after load verification, no hidden fees.
If you run a professional trucking business you have or will experience a delay between the completion of the job and receiving funds from your customer.
Whether you are a true owner operator with authority, 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 a majority of checks arrive between 33 and 45 days. The need for steady cash flow for operational expenses, fuel bills, driver salaries, lease or insurance payments can be solved by QP Capital’s Transportation factoring services. It is like being able to accept a credit card from your customer.
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 off of 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 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 a 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
QP FACTORING ADVANTAGE
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 is the ultimate peace of mind.
GET FUNDED IN MINUTES WITH QP PAY
• 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 or 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 are able to use your smart phone to simply snap a picture of the rate con and proof of delivery making the paperwork process simple, fast and efficient.
SIMPLE BUSINESS RELATIONSHIP
• We also have very simple terms. We have 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 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, acquiring direct shippers, we have 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.