We recently had a chance to speak with Marshall, from a company in TX who runs flatbed loads, who is utilizing Tetra Capital’s freight bill factoring services. Since many trucking companies might be unfamiliar with the benefits of freight bill factoring he wanted to share their experience.
Tell us about your business.
I am a small business owner with two trucks. I’ve have been in business for 4 years.
What affect has factoring had on your business?
Factoring has enabled my business to stay afloat. Not having to wait 30 days for payment is very important. I’m able to meet my financial obligations in a timely manner.
How do your customers feel about you using Tetra Capital as your factoring company?
I think they know that Tetra will follow through and research all invoices, seeking out payment and notifying my company about any slow paying customers.
Would you recommend factoring with Tetra Capital to other transportation companies?
Definitely! The ability to have access to funds within the same day of processing is outstanding. The ability to reach out and speak with my account representative is great. The cut-off time for factoring is reasonable.
How would you rate the level of service you have received from Tetra Capital and why? 1 is below average 5 is average and 10 is exceptional.
I would rate the level of service received from Tetra Capital as a 10! The staff really cares for their customers. Tetra is reliable, dependable, trustworthy and loyal to a fault. I value the business/friendship relationship I’ve developed since factoring with Tetra Capital.
Why did you choose Tetra Capital as your factoring company and have you been happy with the decision?
I chose Tetra Capital because of the ease of conducting business, the fee’s are fair, the rebate system is easy to follow, access to records and the ability to check credit ratings of potential customers is outstanding. I no longer worry that a factoring company is getting more of my money than I do.