The trucking industry in Utah is moving forward, and we are happy to be a part of it. We are happy to help numerous trucking companies in Utah and across the U.S. get the financing they need to cover all of their expenses from fuel to payroll and maintenance, and more. Here are a few of the trucking companies in Utah that we have had the pleasure of recently helping.
$80,000 Trucking Invoice Factoring Financing to a Flatbed Company
A flatbed company was struggling with the unpredictability of when they would receive payment. They decided to try invoice factoring financing from Tetra Capital because they had heard from an owner-operator that invoice factoring helped him receive payment within hours of delivering his loads. They started by using invoice factoring for a load of lumber they needed to haul from Cedar City, Utah, to Salt Lake City, Utah. They were able to receive their funds quickly and believe it will allow them to be able to continue to stay in business.
$20,000 Trucking Invoice Factoring Financing to a Flatbed Company
An owner-operator was looking to haul a load of construction materials from Nevada to Utah for a new shipper. Because this was a new shipper she was working with, she wanted to ensure she would get paid for the load. By partnering with Tetra Capital for invoice factoring financing, she was able to get a free credit check on the shipper and get paid quickly.
$40,000 Trucking Invoice Factoring Financing to a Refrigerated Freight Hauler
A new trucking company needed working capital to cover expenses such as fuel and maintenance. They turned to Tetra Capital for trucking financing for a load of produce they were about to haul from Washington State to Salt Lake City, Utah. The financing allowed them to be paid within hours of hauling the load, providing them with the working capital they needed to cover their expenses.
$25,000 Trucking Invoice Factoring Financing to a Dry Van Company
An owner-operator that we provided fuel advances for came to us needing certainty of when he would receive funds from loads he was hauling because his payments were coming in at all different times. We were able to start by providing invoice factoring financing for a load of non-perishable food he was hauling from Utah to Nevada. The financing has allowed him to purchase the new equipment he needed.
$30,000 Trucking Invoice Factoring Financing to a Dry Van Company
A new carrier came to us because they were unable to get start-up financing from their local bank and had used all their available funds to secure their equipment. They were unsure how they were going to cover their fuel and other costs associated with hauling their first few loads. They had a load booked to haul general freight from Utah to Nevada, so they reached out to Tetra Capital for financing. We were able to get them paid within hours of delivering the load and check the credit of their broker to ensure they would get paid.
$50,000 Trucking Invoice Factoring Financing to a Flatbed Company
A small trucking company was looking for ways to save money and ensure prompt payment from their brokers and shippers. They decided to partner with Tetra Capital for a load they would be hauling of construction equipment. Their reasons for choosing Tetra Capital were the various ways they would be able to save money from fuel cards discounts, free credit checks on their new brokers and shippers, and assistance with invoicing, processing, postage, and collecting. These free additional services have helped them to grow their business.
$120,000 Trucking Invoice Factoring Financing to a Refrigerated Freight Hauler
A carrier added a new truck to their fleet, and the purchase left them with little available funds to cover other expenses. They turned to Tetra Capital to help them with financing to increase their immediate cash flow. We were able to provide invoice factoring financing for a load of pharmaceuticals they were hauling from Washington State to Utah. By receiving the funds within hours of delivering the load, they were able to have funds available when they needed them.
$60,000 Trucking Invoice Factoring Financing to a Flatbed Company
A small flatbed trucking company was having a hard time keeping up with some of their back-office business needs and didn’t have additional funds to hire someone to take them on. They turned to Tetra Capital to see if they could help. Tetra Capital was able to provide them with financing for a load of auto parts they were hauling from Utah to Nevada. They chose Tetra Capital because, along with their financing services, they will handle invoicing, processing, postage, collecting, and more all for no additional cost.
If you are a trucking owner-operator or small trucking company owner and find yourself in a similar situation to our clients who recently received funds, please give us a call at (801) 676-0182. We happily help companies in Utah and throughout the U.S.