With Tetra Capital’s freight bill factoring services you get paid immediately, eliminating the need to wait 30 or 60+ days. This will give you the cash flow you need to cover all your business expenses and keep you on the road including:
- Repairs (both routine and emergency)
- And more
How does freight factoring work for a trucking company like yours?
All you have to do is deliver the load, submit the paperwork to us and we will get you the funds within hours and we will handle all the invoicing, processing and collecting on all your receivables/loads. We then wait to get paid by your customer and once we do we will submit the balance of the funds minus our fee to you. It is quick, easy and with no hidden or unexpected fees you know what to expect from us every time.
Benefits of factoring your freight bills with Tetra Capital
- No hidden or extra fees including no Documentation Fee, Application Fee, ACH/Direct Deposit Fee, Filing Fee, Due Diligence Fee, Administration Fee and Termination Fee.
- Fuel cards to help you save money.
- FREE credit checks on your new customers, so you can know who you are working with.
- Enrollment in Truckers B2B, giving you discounts on tires, maintenance, technology, hotels and more.
- You don’t have to factor every load.
- No long-term contracts.
- With collection rates 2-3 days faster than the industry average, we have been able to save our clients money.
- We handle invoicing, processing, postage, collecting and more.
- We fund on scanned or faxed copies and don’t require you to overnight hard copies.
- Fuel advances.
- Get set-up in less than 5 days.
- Access to our online system to check the status of your invoices and help speed up the collection times.