What exactly is trucking factoring and how can it help my business? Is it like a loan? Will I incur any debt?Find Out Here
I have tax liens. Can you help me?Find Out Here
I have a UCC Filing against my company. Can you help me?Find Out Here
Can I know what your fees and rates are up front?Find Out Here
Are there any monthly minimums? What kind of agreement do I need to sign?Find Out Here
I don’t want to factor all my loads. Do I have to give all my invoices to OCC?Find Out Here
“We’ve been with OCC since 2003. From the initial contact and interaction with Bob in Sales, our experience with OCC has been genuine and honest. Bob was true to his word. What he sold is what came to fruition. It was like nothing we had ever experienced before. OCC provides us with peace of mind in knowing that we have daily cash flow for our business.
We submit invoices daily using the scanning program, which we find to be very quick and easy to use, and know with confidence when we submit invoices that OCC will provide the funding that same day. Maria, Isabel, Leslie, Tiffany and everyone in Operations has been fantastic to work with. I know when I call, they are going to answer and address my needs immediately. They customized their process to fit our needs, and that’s so valuable to us.
OCC is truly a godsend to our business. I am tickled to be able to brag about OCC and highly recommend them to anyone looking for an honest factoring partner they can rely on.”
If you give your customers 30-60 days or more to pay their freight bills, wouldn’t it be great if you could get that money right away? Well, you can! When you use the services of our factoring company, you get 90% up to a full advance/no reserve, when you need it. We take care of collecting the money from your customers so you can focus on running the other areas of your business. After your customer pays the invoice, the 3-15% reserve balance is refunded to you less the factoring fee. It is not a loan. There is no debt. You can put that cash to work right away to grow your business.Back to the Top
Almost all factoring companies claim to offer simple fees, 24-hour funding, no up-front fees, no monthly minimums, etc. We do, too. But we don’t stop there. We go the extra mile for you that other factoring companies just can’t or won’t. Factoring has been our primary focus since 1979, and we’re committed to offering the most effective and versatile programs in the industry. Give us a call now to find out how we can better help your business.Back to the Top
We’ve been in business since 1979. We’re privately owned, financially strong, and have survived economic downturns that have put other companies out of business. We know what it’s like to go through tough times. We’ll help you make the right financial decisions in good times and bad. We’ll be here when you need us to help keep your business running smoothly and staying strong.
You need peace-of-mind knowing that you’ll be making the right decision when it comes to selecting a factoring company. Since 1979 we have been funding companies in a wide range of industries and sizes. Should your needs fall outside our parameters, we’ve built a vast network of resources and can save you a tremendous amount of time by helping you find the best match for your business from the very beginning. You will love our flexibility and ability to match your particular needs and industry to the perfect funding resource.Back to the Top
We work with trucking companies of all sizes and ages. Afterall, small businesses are the glue that hold our economy together.Back to the Top
If you haul loads for creditworthy business(es), and you would prefer not to wait to get paid, you are a candidate for factoring. If your customers utilize your payment terms, but have a good pay history, you will want to take advantage of factoring.Back to the Top
Yes, if the UCC holds your accounts receivable as collateral we will need the lender to subordinate or terminate to allow for factoring since factoring requires a first position UCC on your accounts receivable. We can help you navigate that process.Back to the Top
Sure! Unlike most companies out there, we are totally transparent about our fees and rates up front. Our factoring rates are among the most competitive in the industry and vary depending on how many trucks you are running, volume to factor, type of loads and any risk associated with your customer base. Our services include funding by ACH, wire transfer and electronic submission of invoices. Each of these options have nominal transaction charges associated and are always clearly stated up front in the factoring proposal. Unlike the others we do not charge you any set up costs. Nor do we charge you a monthly minimum fee or any other types of fees that the others charge.Back to the Top
We have no minimums. As a matter of fact, you can pick and choose which invoices you want us to help you with. And, we offer agreements starting as short as 90 days. Our factoring program is like carrying a credit card in your pocket. You carry it to use when you need it. Call us now and let’s get started today.Back to the Top
No, you can pick the accounts you want to factor. You select which invoices you would like to submit for funding as frequently as you need.Back to the Top
Complete a short online application and send: proof of insurance; a copy of your driver's license; Articles of Incorporation or Fictitious Business Name Statement (DBA filing); a copy of your W-9; and possibly one or two other documents depending on the size of your business. Then typically it takes 24 hours for a proposal and 3-5 total days from start to funding.Back to the Top
Your business needs to be set up as a legal business entity (Corporation, LLC, sole proprietor) with proper authority (DOT or MC) and insurance, and your customers need to be creditworthy.Back to the Top
You submit your invoice, bill of lading, load confirmation and any other corresponding backup to OCC.Back to the Top
Most factoring companies have advance rates that run from 70% to 90%. Our advanced rates are much higher—from 90% up to a full advance with no reserve held back. Your funds are deposited directly into your business checking account within 24 business hours of receiving your invoices and backup documentation. Once your customer pays the invoice, any reserve portion if applicable is refunded to you less the factoring fee. It’s simple. It’s easy. It’s fast.
Of course! We are a privately held company made up of like-minded entrepreneurs just like you. We know what you’re going through—we’ve been there—and we’ll be helping you every step of the way. We take the time to listen to your situation and put together a personalized plan just for your business. Contact us today and let’s talk—no obligation!Back to the Top
Definitely! Once you sign up with us, you’ll be assigned your own dedicated Account Executive who will learn your business intimately. This way we can help you in ways the others just can’t.Back to the Top
OCC interacts professionally at all times with your customers as we know your customer relationships are the lifeblood of your company. OCC should not be confused with a collection agency. OCC places calls on your behalf to check on payment status, we make note of check dates which we can share with you as well as pass along any messages to you. Essentially, OCC becomes your Credit and Collections Department for factored invoices which frees up your time and your staff’s time to do other more productive things.Back to the Top
Well, to start, the team at OCC has in-depth credit expertise and resources including real time credit checks 24/7 on your brokers’ creditworthiness so you know which loads to take. This can help you stay ahead of any possible negative payment trends. This is critical information you need to run your business smoothly and avoid bad debt write offs.
We’re committed to offering leading edge technology to expedite the funding process, such as electronic submission of invoices, online reports, online credit checking, and other emerging methods in order to streamline the process and reduce overhead, which means lower rates for you. Most other companies don’t even come close to our level of technology and efficiency. Contact us today and we’ll show you everything we offer that the other companies can’t, or won’t.Back to the Top
Transportation companies of all sizes rely on OCC factoring to increase their cash flow to boost their bottom line. It’s easy to get started—just give us a call and we’ll tell you all about it.Back to the Top