For many, it can be hard to find trucking business financing that can keep you in business. With so many trucking companies being turned down by traditional banks, it can be hard to know where to turn when you need working capital. For some owner-operators, trucking factoring, otherwise known as freight bill factoring, can help. Below hear from a carrier in Idaho who hauls construction equipment and materials who has been able to stay in businesses with trucking factoring from Tetra Capital.
About the IdahoTrucking Company
| FREIGHT HAULED Construction equipment, cars, lumber, ect | BUSINESS STARTED 7+ Years Ago | BUSINESS SIZE 2 Trucks and 1 Owner-Operator |
Q: What qualities do you look for and expect in a finance partner?
A: “I want a finance company that is easy to work with and seems to care about us and our business.”
Q: Before partnering with Tetra Capital, as your trucking financing company, how long was it taking you to collect on your freight bills?
A: “Over 30 days and we couldn’t run as we wanted with the slow collections.”
Let’s Talk Results
| “Tetra has provided us with financing for our trucking business that has allowed us to be able to continue to stay in business.” |
Q: What is the biggest difference that partnering with Tetra Capital for financing has made to your business?
A: “The biggest difference is that we can count on Tetra for our running money and if there is an emergency (which there has been from time to time) Tetra really seems to care and works with us to keep us running and in business.”
Q: Would you recommend factoring with Tetra Capital to other transportation companies?
A: “Yes, and we have been telling anyone we can.”
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
When you need financing for your trucking business, how can trucking factoring help?
Running a trucking company and being an owner-operator can be hard enough, you should not have to always worry about when you are going to get paid so you can pay for fuel and other immediate expenses. Trucking factoring with Tetra Capital is an easy way to get the financing you need and can help you stay in business.
With trucking 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.
