Only a handful of top freight factoring companies can say that. Even fewer can say a majority of their new top freight 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.
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 trucking fleet owners, 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 trucking company, you're stuck chasing down your customers for payment. We know that’s a time wasting and very frustrating process.
Meanwhile you have drivers and staff to pay, as well as 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 trucking companies like yours for over 40 years. We also know the freight industry inside and out. Our top freight factoring company programs and services for trucking companies 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 trucking companies 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.
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 Company
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 drivers happy too.
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 grow. Cash on hand can help you with:
Before you decide if we are the right freight factoring company for you, let us tell you a little about us and how we stand above the other top freight factoring companies.
Over 40 Years in the Freight Factoring BusinessWe 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 top freight factoring companies, we have the highest factoring advance rates. Also we have no factoring minimums and transparent factoring fees.
We Care About Your Trucking CompanyWe have your company's best interests and success in mind. Other top freight factoring companies may not be in it for the long haul and every step of your company's journey. For example, some top freight 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 top freight 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.
“I made the mistake of not credit checking a load and by the time I turned it into my factor (not OCC) the brokerage was out of business. My factor (not OCC) understandably wouldn’t fund it so I was left not knowing what to do.
I turned to my friend Mike for advice and he referred me to his factor, Maria at OCC. Maria reviewed my paperwork and explained step by step what I needed to do including outlining who to contact, what numbers to reference and what I needed to ask.
She carefully explained the pros and cons of different options such as collecting on a bond or pursuing collections and how that might affect my relationship with the shipper and receiver moving forward. I really appreciated Maria taking the time to do that when I wasn’t even her client. I could see that they really care and understand how big a $4,500 loss is to any trucking company.”
How Factoring Works
So how does our top freight factoring company 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 Top Freight Factoring Program Include: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 factoring programs to boost their bottom lines by increasing cash flow and streamlining accounts receivable processes.
Unlike bank loans, factoring has…
What exactly is freight factoring and how can it help my business? Is it like a loan? Will I incur any debt?
Find Out HereWhat makes your company any better than any other freight factoring company?
Find Out HereWhat other advantages do you offer me?
Find Out HereHow do I know if you’re the right freight factoring company for my business?
Find Out HereI only have one truck or I don't want to factor all my loads. Am I too small for OCC?
Find Out HereI have been turned down by banks, will I qualify for freight factoring?
Find Out HereI have tax liens. Can you help me?
Find Out HereI have a UCC Filing against my company. Can you help me?
Find Out HereAre there any minimums? What kind of agreement do I need to sign?
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.”
Can I know what your fees and rates are up front?
Find Out HereHow much of my load will I receive up front, and how soon will I get the money?
Find Out HereThis is all new to me. Are you easy to work with?
Find Out HereI don’t like talking to robots or call centers. Can I talk to a real person when I need to?
Find Out HereHow will you work with my customers to collect their money?
Find Out HereWill I be able to keep track of collections from my end?
Find Out HereI’m not familiar with your freight factoring company. How do I know you’ll be in business when I need it?
Find Out HereCan my company use freight factoring?
Find Out HereIf 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 freight 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 TopAlmost all freight 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 TopWe’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 TopWe work with trucking companies of all sizes. Afterall, small businesses are the glue that hold our economy together.
Back to the TopIf 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 freight factoring.
Back to the TopYes, if you and the IRS have a payment agreement in place there is a good chance we can help you.
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 TopWe 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. You select which invoices you would like to submit for funding as frequently as you need. 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 TopSure! Unlike most companies out there, we are totally transparent about our fees and rates up front. Our freight 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 TopMost 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. Once your customer pays the invoice, any reserve portion if applicable is refunded to you less the factoring fee. Your funds are deposited directly into your business checking account. 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 TopDefinitely! 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 TopOCC 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 TopYes! You’ll have online access to aging reports, and are kept abreast of any collection issues so there are no surprises.
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 freight factoring 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 freight factoring companies can’t, or won’t.
Back to the TopTransportation 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