Why Use a Trucking Factor?

The history of financial factoring has been traced back to 14th century England, and the practice remains common in a variety of fields today. Many trucking companies rely on factors to keep their financial matters running smoothly. If you manage a trucking company and are tired of waiting a month or longer to collect on each bill, factoring may be a good option for you.

At TBS Factoring Service, LLC, we offer thorough financial services that can be tailored to your company’s unique needs. By using one of our truck factoring programs, you can collect the money you need now – and let us worry about collecting from your debtors. Call us today at 800-207-7661.

The Advantages of Truck Factoring

Of course, there are several ways to pursue cash inflow for your business. You can go to a bank and take out a loan, or simply wait for brokers to repay you. However, contacting our trucking factor can present many advantages over both of these options, including:

  • Financial security. If you sign up for one of our no-recourse factoring plans, we simply purchase your business debts. If we do not collect on those debts for credit-related reasons, the loss is ours. We will not pursue repayment from you.
  • No credit concerns for you. Unlike a bank giving a loan, we do not base our decision to work with you on your credit history. Instead, we consider the credit scores of your business debtors, the people we will be collecting money from.
  • Fast payments. Loans can take time to process, and businesses often wait to repay their debts for weeks or even months. If you need money to cover your overhead now, truck factoring may be your best option.

With TBS, you can select the factoring program and optional benefits that meet your needs. We understand that every company is different; we want to make sure your company’s financial needs are being met.

Contact Us

TBS Factoring Services, LLC, has been providing efficient truck factoring services since 2003. To discuss how our programs could benefit your company, contact us at 800-207-7661.