There are a number of different types of factoring products you can consider for your trucking business. Flat fee factoring is a popular form of factoring for trucking and freight business owners because of its simplicity and predictability. However, depending on the factoring company you choose, not all flat fee factoring products are considered "All In". "All In" Flat Fee Factoring Like its name implies, "All In" Flat Fee Factoring is a flat fee factoring product where all factoring costs are included in the initial flat fee. The fee is simply a defined percentage of the invoice amount that's deducted upfront from the cash advance. For example, Accutrac Capital's flat fee factoring rates are: Recourse Flat Fee Factoring – 2.99% "All In" Non-Recourse Flat Fee Factoring – 3.99% "All In" To illustrate: If you chose Recourse Flat Fee Factoring for a $1,000.00 invoice, your flat fee would be $29.99 "All In". Your advance (paid within 24 hours of issuing your invoice) would be $920.01 ($950.00 advance minus $29.99 flat fee). Once your customer paid their invoice, the balance of $50.00 would be paid to you. It wouldn't matter if your customer took 30 days, 60 days or 90 days to pay their invoice, your fee would not change. A simplified form of factoring "All In" Flat Fee Factoring, offered by Accutrac Capital, was designed specifically for the trucking and transportation industry. It is unique in its simplicity and ease of use. "All In" Flat Fee Factoring includes: a 95% cash advance in 24 hours a simple flat fee structure that's "All In" with no surprises or surcharges no original documents required, simply send a fax or electronic BOL immediately after delivery is made no long-term contract easy electronic paperwork How flat fee factoring is different from traditional factoring There are two main differences between flat fee factoring and regular factoring. The way your factoring fee is calculated. With flat fee factoring, your fee is one defined percentage of your invoice amount. With traditional factoring, your fee is based on an agreed upon percentage. However, the difference is that the percentage is a daily amount and applied to each day that your invoice remains unpaid. With regular factoring, the more days outstanding, the higher the fee will be. You also won't know upfront the true amount, because it can't be calculated until after your customer pays. When you pay your fee. For flat fee factoring, your fee is deducted directly from your advance amount. For regular factoring, your fee varies dependent on the number of days outstanding and isn't deducted until your customer pays. The level of simplicity. The different approach to how fees are calculated makes flat fee factoring simpler and more predictable. When you add the "All In" component, it adds further peace of mind in knowing that there won't be any surcharges or unexpected fees levied. Though it is possible to "ballpark" the amount of your fee for traditional factoring, it's impossible to know the exact amount until your customer pays their invoice. That can make account management unpredictable and confusing. For more information about "All In" Flat Fee Factoring for your trucking, freight and transportation business, visit www.accutraccapital.com.