Only a handful of trucking factoring companies can say that. Even fewer can say a majority of their new trucking 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 Glendale trucking companies like yours for over 40 years. We also know the freight industry inside and out. Our 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 Glendale 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 trucking factoring company for you, let us tell you a little about us and how we stand above the other trucking factoring companies.
Over 40 Years in the Trucking 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 trucking factoring companies, we have the highest factoring advance rates. Also we have no factoring minimums and transparent factoring fees.
We Care About Your Glendale Trucking CompanyWe have your company's 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.
“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 trucking 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 Trucking Factoring Program Include:SO, CAN YOUR GLENDALE 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…