Freight Factoring | Factoring Line of Credit | Best Rates

Factoring Line of Credit for Truck Fleets

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:

Fast Cash at industry's best rates for larger fleets
Get Started Today

Full Star Full Star Full Star Full Star Full Star

Excellent!

Based on 25 reviews.

 

Immediate Access to Cash

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.

Immediate Access to Cash
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  
Up to 97% Cash Advance
 

Up to 97% Cash Advance

Accutrac provides an innovative solution to meet the needs of larger truck fleets.  This flexible funding facility allows you to draw funds as needed.  Our factoring line of credit provides easy access to working capital equaling up to 97% of your accumulated accounts receivable.

 

Only pay fees on funds drawn

This industry unique freight factoring facility is highly cost effective for owners of larger fleet operations.  You only pay fees on actual funds drawn, plus a small administrative fee to manage your accounts receivables.  The ideal combination of control and cost efficient funding management.

Only pay fees on funds drawn
Dedicated Account Manager
 

Dedicated Accounts Manager

Accutrac Capital provides a dedicated Accounts Manager to assist with the management of your account and ensure you receive superior customer service. You'll benefit with trusted advice from industry experienced staff to help with credit decisions, expedite funding and to answer all queries. Support is readily available by phone or email to keep things efficient and easy to manage.

 

Easy 24/7 access to your online accounts

Accutrac Capital provides convenience and full transparency. View your account details 24/7 with easy to manage 24/7 online account management. Track daily transactions, balances, AR aging reports, month end settlements and much, much more.

Easy 24/7 access to your online accounts
Free Credit Reports
 

Free Credit Reports

Every load from a new customer or acquired from a load board is a potential financial risk. Accutrac Capital provides an easy to use online credit reporting tool to assist with your due diligence. This free access to our huge and regularly updated database of shippers will provide the information needed to confirm the customer's ability to pay. Due diligence is the key to avoiding bad debt.

 

No Cost Accounts Receivable Management

Accutrac Capital's professional back office staff are well versed in the accounts receivable process and have years of trucking industry experience in managing collections. The proficient management of documentation flow, clarifying information on charges, simply dispute resolution, and more is key to ensuring your cash flow is fast and your accounting is accurate.

Dedicated Account Manager

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
 
Freight Factoring & Discount Fuel Cards for Trucking Industry
Questions? Contact Us!

Freight Factoring | Fuel Cards | Cash Advance B4 Delivery
Services for the Trucking Industry

I would like to receive your newsletter