BEST FACTORING COMPANY FOR WILMINGTON OWNER OPERATORS
WHAT MAKES OUR OWNER OPERATOR FACTORING COMPANY UNIQUE
We have over 40 dependable years
factoring freight bills for owner operators nationwide.
Only the best factoring company for Wilmington owner operators can say that. Even fewer can say a majority of their new owner operators factoring business comes from client referrals. Our clients are happy! We give you much more than just funding. We also give you back your time.
Need Cash Today For Your Wilmington Owner Operator Trucking Business
We know that more and more these days customers are stretching payments, some because they can, others because they are struggling. And you’re not too happy about it because you also have bills to pay. Like most Wilmington owner operators, you probably first went to a bank for help. Only to find the process too slow and complicated.
So instead of focusing on other crucial aspects of your business, you're stuck chasing down your customers for payment. We know that’s a time wasting and very frustrating process.
Meanwhile you have to pay for fuel, truck payments, tires, repairs, truck maintenance, insurance and many other expenses to keep your trucking business going. You are in a money-centric business. Everything is money.
We Are Your Solution
We understand cash flow and have been providing funding to Wilmington owner operators like you for over 40 years. We also know the freight industry inside and out. Our factoring company programs and services for Wilmington owner operators will get you the cash you need. You don’t have to be the banker for your customers.
We also help you identify good credit risk from bad for brokers and shippers. No more buying expensive credit reports or trying to figure out how to read them. Our credit and collections managers are seasoned experts.
Both factoring and owner operators especially live and die by their credit and collections decisions. Our factoring veterans know what exactly to look for in helping you make the right credit decision for your trucking company
We can lift that heavy burden of credit control off your back for the freight bills you decide to factor, saving you big time and money.
No more collection calls
You will no longer need to make those uncomfortable and awkward collection calls. Would you rather spend your time calling your customers getting to know them better? Our team is very experienced and professional when it comes to placing follow up collection calls in your behalf. We bring any important matters to your attention. This allows you to focus on what you do best.
You can be confident about accepting terms with your customers because you won’t need to wait for payment from them. We will handle the aspects of credit control, including checking your broker and shippers’ credit, collecting outstanding amounts, and providing you with detailed online reports for your factored freight bills.
It can cost you a lot of expense and time to handle these things yourself. These services are free for all our clients.
Boost Revenues For Your Trucking Business
- Are you stuck taking loads with routes that you don’t like because you don’t have cash?
- Have you ever missed or avoided a good load you would have preferred but you were forced to take a less desirable route because of the payment terms?
- Are you uncomfortable with taking on new customers and the risk of not getting paid?
If your answer is yes then our unique factoring programs definitely can help you take these loads.
By factoring with us we will not only credit clear customers for you, we will also pay you right away. Your options for new customers, loads and routes, will open exponentially. By having so many more load options you have a better chance of keeping your business profitable.
With our freight factoring company services, you can now confidently ask your customers for more business. Knowing you have a source of reliable cash flow, you may never have to turn away a good new load.
With a dependable source of funding you now have the time and cash to redirect your efforts to other crucial business areas that can help your business stay profitable. Cash on hand can help you with:
- Purchase fuel and tires in bulk for greater savings.
- When it comes to unexpected repairs and maintenance, you can get back on the road more quickly. An idle truck can be more expensive than the costs of its repair.
Why Orange Commercial Credit
is the Right Choice for Your Company
Before you decide if we are the right trucking factoring company for you, let us tell you a little about us and how we stand above the other factoring companies for Wilmington owner operators.
Over 40 Years in the Trucking Factoring Business
We have been in the freight bill factoring business for over 40 years, are independently held, and have a proven track record of being FINANCIALLY SOLID. We have survived many of the economy's roller coaster rides and in having done so, can lend you a helping hand in hard times. Rest assured we will be here for you when times get tough.
Happy Factoring ClientsMore than half of our new factoring business comes from current customer referrals. We have a long list of happy factoring clients, our average client has been with us over 4 years, which is unique in the factoring industry. Compared with the other factoring companies for Wilmington owner operators, we have the highest factoring advance rates. Also we have no factoring minimums and transparent factoring fees.
We Care About Your Trucking Business
We have your business' best interests and success in mind. Other trucking factoring companies may not be in it for the long haul and every step of your company's journey. For example, some trucking factoring companies will continue to purchase your freight bills because they don’t have the ability to see trouble ahead. You could end up buying back freight bills from customers who could have been avoided in the first place.
We operate differently than the others. Our purpose is to build a strong relationship with you and protect your company against risky customers, keeping your trucking business profitable.
We have credit experts and current payment data to spot early payment trends to help protect your company from taking losses on customers who may be heading into bankruptcy or brokers who can simply disappear overnight. Other trucking factoring companies may not monitor these situations as carefully to protect you.
We Fund More than Long Haul Over the Road CarriersWe have helped a wide range of trucking companies including intermodal and dump trucks. So long as your customer’s are creditworthy, we can fund bills to brokers, shippers, steamship lines, freight forwarders, construction companies and more.
“Top Notch”
“OCC helped me a great deal in getting started with my company. I was not sure exactly what to do or what to expect with a factoring company. Initially I had considered a few factoring choices and Tina my sales rep always answered every question in a timely manner. As a business owner it is imperative to have open communication and OCC is top notch in handling all my needs. I highly recommend this factoring company because of their professionalism and their dependability. I have referred clients to OCC because of this.”
How Factoring Works
So how does our best trucking factoring company for owner operators program work? Unlike a bank we focus on the strength of your customer's credit and their ability to pay their bills, not yours. We charge a small fee for our factoring service, but there’s no debt and no interest. The factoring process is online and designed to be as easy as possible so that your business can thrive.
Once you are setup for factoring you get funded in 3 easy steps. First, you deliver the load. Next, you send us your invoice, bill of lading and rate confirmation. Upon verification your freight bill proceeds are sent to you, typically within 24 hours for returning customers. We’ll send your freight bill to your customer as well as collect the payment from your customer according to the payment terms such as 30 days.
We also provide you with free back-office support and manage your collections on freight bills that you factored for your trucking company. Your company gets online access to lookup your customer's payments. You know the status of every freight bill at the click of a mouse. That’s it!
Additional Features of our Best Factoring Company Program for Wilmington Owner Operators Include:
- Full advance and no reserve account programs
- No set-up fees
- No-cost, no-obligation application for written proposal
- No minimum monthly factoring requirements
- Funds applied same day as receipt (no float time)
- Flexible program lets you factor any number of accounts
- No long-term contract (90 days is typical)
- One experienced and dedicated account representative to manage your account
- Free 24/7 online access to your account activity and performance
- Free credit checking of new and existing customers
- 24/7 online freight bill submission
- Free collection follow-up on factored freight bills
SO, CAN YOUR TRUCKING COMPANY BENEFIT FROM FACTORING WITH US?
Of Course! From owner-operator to large trucking fleets, freight businesses of all sizes and types rely on Orange Commercial Credit. And truckers especially rely on us as their best factoring company for owner operators programs to boost their bottom lines by increasing cash flow and streamlining accounts receivable processes.
Unlike bank loans, factoring has…
- No principle or interest to pay over time
- No restrictive ratios such as debt to worth that limit growth
- No debt to repay
- Funding that keeps up with your growth
- Fast funding – unlike conventional bank financing
- Approval focused on the strength of your customers’ credit
- Startups are welcome
Wilmington, North Carolina Owner Operator Freight Factoring Program Services
Types of Wilmington, North Carolina Owner Operator Freight Companies that use Factoring
| General Freight | Intermodal Trucking |
| Flatbed | Step-deck Trucks |
| Refrigerated Freight | Water Hauling | Sand Hauling | Oil & Gas | Large Equipment | Auto and Car Hauling | Tanker | Hot Shot | Expedite | Oversize | Dump Trucks | LTL and TL | Dry Bulk | Liquids | Hazmat | Door to Door Delivery | And Many More... |