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Freight invoice factoring
Freight invoice factoring







Clients who refer other trucking carriers or brokers receive a $500 referral bonus when they sign up.Īdditional client perks include fuel savings cards and discounts on tires, maintenance, insurance and more through the Transcap preferred partner network. For new clients, Transcap waives fees for the first invoice. Once approved, carriers upload or email invoices for immediate cash from anywhere on the road. "That's why we provide a factoring solution that gets them the money they need quickly, so they can stay on the road and remain competitive."Īfter completing a simple, 60-second application on, trucking companies of all sizes can receive factoring approval within 24 hours or less. "There's tremendous demand and growth potential for the entire industry, but small to mid-size owner-operators can't survive without consistent, reliable cash flow," says Craig Cohen, President of Transcap. Transcap helps overcome these challenges by simplifying and accelerating access to working capital. They typically wait 45, 60 or even 90 days for paid invoices, making it extremely difficult to cover fuel, vehicle maintenance, insurance, taxes and unexpected costs. Often operating under tight margins and slow payment terms, many carriers face cash flow constraints. Unlike other factoring providers, Transcap delivers same-day funding with no hidden fees, volume requirements, strict credit restrictions or long-term commitments. 17, 2022 /PRNewswire/ - Transcap, a fast-growing freight factoring and alternative lending brand, has brought together America's top factoring experts to launch a fast, convenient invoice factoring solution designed to support trucking owner-operators, fleets and freight brokers across the nation. The company's frictionless online factoring platform offers same-day invoice factoring to trucking owner-operators, fleets and freight brokers across the U.S.ĬLEVELAND, Aug.









Freight invoice factoring