With Washington State’s favorable business conditions, infrastructure, and location, it is an excellent place for those in the trucking industry. And the good news is trucking is booming in Washington State, and we are happy to help many trucking companies get the financing they need. Here are just a few of the recent invoice factoring financing transactions we have had the pleasure of providing to Washington State trucking companies.
$50,000 Trucking Invoice Factoring Financing to a Dry Van Company
A Dry Van Company that is growing and had recently added to their fleet reached out to us for help with managing their cash flow. The company found that with the additional payments they were now making for the new equipment, they needed to know when they would get paid for the loads they were hauling. We were able to provide them with invoice factoring financing that would allow them to get paid within hours of delivering the loads so they would have the cash flow to regularly cover their newly increased expenses.
$25,000 Trucking Invoice Factoring Financing to a Flatbed Company
An owner-operator completed our online request form because he had just been hit with unexpected maintenance costs. He needed financing that could get him funds quickly to cover those unexpected costs. We were able to get him trucking invoice factoring for a load of building and construction materials he had just hauled. The application process was completed in less than a week, and within seven business days of contacting us, he had his funds in hand.
$60,000 Trucking Invoice Factoring Financing to a Refrigerated Freight Hauler
A small trucking company was looking to haul a load for a pharmaceutical company from Washington to Utah. Due to recent unexpected expenses, they needed funds to cover their fuel expenses for this load and others. We were able to get them the funds they needed to cover their fuel and other expenses.
$25,000 Trucking Invoice Factoring Financing to a Refrigerated Freight Hauler
An owner-operator was looking to haul a load of produce from Washington to Idaho 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.
$120,000 Trucking Invoice Factoring Financing to a Refrigerated Freight Hauler
A trucking company secured a load through a broker to haul dairy products from Washington State to Nevada. Due to the past fluctuation in when they would receive payment, they were looking for financial stability. They found that with the knowledge that they would receive payment within hours by working with Tetra Capital for invoice factoring financing.
$25,000 Trucking Invoice Factoring Financing to a Dry Van Company
An owner-operator needed immediate funds to cover fuel expenses for a load he had just accepted through a broker to haul non-perishable food. He chose Tetra Capital for their invoice factoring financing because they would load his funds onto a fuel card, which could save him money. He also liked that he would be saving time by having them handle his invoicing, processing, and collections for the loads he was hauling.
$40,000 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 prefabricated materials they needed to haul from Tacoma, Washington, to Portland, Washington. 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
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 heavy equipment from Spokane, Washington to Seattle, Washington, so they reached out to Tetra Capital for financing. We were able to get them paid within hours of delivering the equipment and check the credit of their broker to ensure they would get paid.
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 Washington State and throughout the United States.