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Factoring Line of Credit for Truck Fleets

The best of both worlds; a flexible line of credit combined with convenient & cost effective receivables management.

Factoring Line of Credit for Fleets

Imagine a line of credit equaling up to 97% of your combined receivables that you can draw on as needed.

You only pay fees on funds drawn plus a small administrative fee to manage your accounts receivables.

Key Features:

  • From 0.022% (Prime plus 5% per annum)
  • Same Day Funding
  • Cash Advance up to 97% of your combined AR
  • Only pay fees on funds drawn
  • No Originals required
  • Dedicated Account Manager to service your needs
  • Easy 24/7 access to your online account
  • Free Credit Reports
  • Accounts Receivable Management Included

Accutrac's Factoring Line of Credit, offers the best rates in the industry.
Contact us today!

  • Accutrac understands our trucking business. They go out of their way to help you with great information and advice.

  • What I like about Accutrac is their personal approach and how well they know the trucking business. They took a personal interest to get to know us and to understand what we were doing. They're very approachable and always available for my questions.

  • If any business is hesitating about factoring, I say that hesitation isn't warranted if you're dealing with Accutrac. They're not like other factoring companies. They're professional and understand our business. I can't say enough good things about them.

  • What impressed me most about Accutrac, in addition to being really good at what they do, is that they genuinely cared about helping us to be successful...

  • I can't say enough good things about how Accutrac Capital has solved our rapid growth cash flow issues. They've really allowed us to move to the next level of growth…and the results prove it! – Tal Hayek, Co-founder and CEO, AcuityAds

  • What I like about working with these super talented individuals is their services doesn't suffer even though they keep growing their own business. In fact, our relationship keeps getting better. I think of them as a real partner in our business.

How Factoring Line of Credit Works

Accutrac provides a line of credit up to 97% of your accumulating accounts receivable.

You deliver freight for your customer, send Accutrac your invoice, load confirmation and signed bill of lading and we apply up to 97% of the invoice face value to your Factoring Line of Credit. You can now draw down on your line based on your cash needs.

Discount fees are charged against your outstanding balance only, with rates as low as 0.022% per day. Additionally to manage all your accounts receivable and to provide you with unlimited credit insight we charge a nominal administration fee.

It's highly cost effective; keep your costs down by using funds only as you need them while benefitting with access to world class receivable management. Your dedicated Account Manager will provide easy instructions to access your online account or assist you personally with transactions and account management.

Factoring Process
Factoring Line of Credit Cost

What does a Factoring Line of Credit cost:

From 0.022% per day

(Prime plus 5% per annum)

The following example is based on a $1000 invoice, outstanding for 45 days.

Advance: $ 970.00 97% of invoice amount is paid to you within 24 hrs
Administrative: $ 5.00 0.5% of the Invoice Amount
 *Rates vary from 0.5% to 1.5%          
Net Advance: $ 965.00 Advance less the administration fee
Discount Fee: $ 9.60 0.022% x $970 X 45 days
Calculated & deducted at month's end
Net Balance: $20.40 Paid to you when your customer pays Accutrac Capital.
Net Funds Received by Customer: $ 985.40  

No Originals Required

Submission of documentation to receive funding is easy and hassle free. We have no requirement that you deliver original paperwork to our office.

When your company delivers freight, send us your invoice and signed bill of lading via email, fax, Transflo or web upload. Accutrac confirms the load then we credit your account with immediate access up to 97% of the value of the invoice.

It’s that convenient!

No Originals Required

Factoring Line of Credit Features

Same Day Funding Yes
Up to 97% Cash Advance Yes
90 Day Recourse Yes
Fees applied only to Funds Drawn Yes
Industry’s Lowest Advertised Rate Yes
No Originals Required Yes
Free Credit Reports Yes
Funds deposited directly into your Account or Fuel Card Yes
Easy 24/7 access to your online Account Yes
Dedicated Account Manager to service your needs Yes
Accounts Receivable Management Yes
Invoice Factoring Checklist

Maximize value and flexibility with Accutrac Capital … more than just factoring!

Invoice Factoring & Discount Fuel Cards for Trucking Industry
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Cash Advance | Invoice Factoring | Cost Saving Solutions
Services for the Trucking Industry

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Questions? Contact Us!

Cash Advance | Invoice Factoring | Cost Saving Solutions
Services for the Trucking Industry

Yes I would like to receive your newsletter.
Slide this bar to the right to enable submitting.