Most owner-operator truckers will finance their trucks because the cost to outright purchase a semi-truck is extreme. The good news is that there are multiple purchase options for potential owners to choose from when purchasing a semi-truck. Semi-trucks can be leased, rented or purchased. Let’s take a deep dive into the benefits and disadvantages of…
OTR Capital delivers solutions and success to the transport industry. The company understands the importance of fast, reliable payments. OTR Capital works to build long, strong relationships with partners in the following industries: Trucking & Owner-operator Freight brokerage Government contracting Construction & manufacturing Staffing & payroll Who is OTR Capital? OTR Capital was founded…
Wex Fleet One is one of the premiere invoice factoring companies in the trucking industry. When you’re waiting for invoices to be paid, but need capital for immediate bills and overhead, Fleet One can help. Who is Wex Fleet One? Fleet One has grown into one of the top factoring companies for freight brokers….
Transportation accounts for about 54% of a shipper’s total logistics expenditures. Naturally, shippers want to ensure that their freight invoices are valid, accurate and paid on time. Transporter chargers are constantly fluctuating and are largely affected by the oil market. Shippers that do not have a firm understanding of all the nuances and intricacies…
TBS Factoring Service has more than 50 years of experience providing factoring to the transportation industry. The company’s services make it easier for drivers to get established, find loads and get paid faster – all while remaining compliant. Voted one of the best Oklahoma freight factoring companies to work for, TBS Factoring offers fair rates,…
Riviera Finance has the ability to fund your invoices, provides up to 95% of the invoice value in cash within 24 hours. They have been offering invoice factoring since 1969. This is a trusted invoice factoring company that helps thousands of clients meet their financial responsibilities each year. When employees need to be paid or…
Invoices are part of most business operations, and when invoices are not paid on a timely manner, it can lead to severe capital issues. Trucking companies may have difficulty paying for their truck’s maintenance, paying employees or keeping the lights on if an invoice is late. Cash flow is king in the trucking industries. Cash…
Triumph Business Capital is helping trucking companies remain profitable, and the company is teaching others how to be a successful owner operator. When invoices are pending and bills need to be paid, trucking factoring help can ensure a trucking company remains in the positive. Who is Triumph Business Capital? As the name suggests, Triumph…
Semi truck financing is different than going to your local auto dealer and securing an auto loan. Local banks don’t offer semi-truck financing, and even the banks that provide small business loans are reluctant to finance semi trucks. Trucking, as a business, is a major risk for lenders. Traditionally, the failure rate of a…
You have a lot of worries when you’re a trucker. Other drivers can quickly change lanes causing an accident, your vehicle can breakdown or your brakes can fail. The risks can be managed if you choose the right insurance. But as you’ll find out, there are a lot of insurance options to pick from. Bobtail…
