A small trucking fleet faces challenges that are unique and cannot be solved using a cookie-cutter approach. We understand these challenges and are able to create unique solutions to help the trucking company out.
1st Commercial Credit has been involved in freight factoring for its entire history and has a comprehensive understanding of what it takes to keep the rigs on the road and the freight moving from the loading dock to the customer destination.
The issues for a small trucking fleet are recurring and often costly. Maintenance to vehicles, permits and renting special equipment are just some of the ongoing costs that require funding in a regular basis.
Past due invoices are not going to help pay the bills, which is why you need a freight factoring company which can provide the reliable cash flow you need to meet your customer deadlines and continue to grow your business. 1st Commercial Credit uses invoice factoring to provide a reliable and sustainable business line of credit to any small trucking fleet that needs it.
Trucking and freight related companies all have the same cash flow issue. They are constantly filling up fuel tanks and invoices on net 30-day terms with payments coming in after 35 to 55 days depending on the freight broker or direct shipper. 1st Commercial Credit provides instant cash flow for transportation companies within 24 hours of submitting the invoices or freight bills with signed bills of lading. We offer very affordable rates so your freight company can retain more profit.
Once a trucking customer is established, we can offer fuel credit lines, loans on insurance premiums or repairs. We can deduct proceeds from the factored invoices until the loans are paid off.