One of the biggest hurdles facing someone starting their own trucking business is access to financing. When you have to wait 30 or 60+ days to get paid for the loads you haul how can you cover your immediate expenses such as fuel and maintenance without access to financing? Freight bill factoring has been the solution for many start-up trucking companies since it has a higher acceptance rate for new trucking businesses than traditional bank financing. This is possible because your credit history and score are not the key considerations since factoring companies base their decisions on your shippers and brokers credit instead. Below hear from a general freight hauler who has been in business for only four months who has had success with trucking factoring from Tetra Capital.
About the Start-Up Trucking Company
| FREIGHT HAULED General Freight | TIME IN BUSINESS 4 Months | BUSINESS SIZE 1 Truck and 2 Employees |
Q: What qualities do you look for and expect in a finance partner?
A: “I look for a finance partner who is efficient, is fast paying and provides good customer service. Tetra Capital meets my expectations in all these areas.”
Let’s Talk Results
| “Factoring with Tetra Capital has provided us with the opportunity to get paid in 24 hours and not have to wait for payment. “ |
Q: What is the biggest difference that partnering with Tetra Capital has made to your business?
A: “It has provided us with more financial freedom.”
Q: Would you recommend factoring with Tetra Capital to other transportation companies?
A: “Yes, I would definitely recommend Tetra to anyone.”
Q: How would you rate the level of service you have received from Tetra Capital? 1 is below average 5 is average and 10 is exceptional
A: “10 – Exceptional because of the great customer service Tetra Provides.”
Is financing a hurdle for your trucking business?
If financing is a hurdle for your trucking business and you could benefit from receiving payment for loads you haul immediately then freight bill factoring could be the key to your success.
With freight bill factoring, all you have to do is deliver the load, submit the paperwork to the freight bill factoring company and we will get you the funds within hours. Tetra Capital will handle all the invoicing, processing and collecting on all your receivables/loads which can be really helpful to new trucking owner-operators. We then wait to get paid by your customer. It is quick, easy and with no hidden or unexpected fees, you know what to expect from us every time.
Give us a call today at (801) 676-0182 to learn how trucking factoring from Tetra Capital can help you get the funds you need to start your own trucking company.
