TCI Business Capital offers 15 minute approvals, quick setup and same-day funding for trucking companies across North America.
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3. Fuel Cards:
Many factoring companies offer trucking companies a fuel card program. These help you save money on one of your biggest expenses and makes it easier to fuel your trucks as the money from your receivables is deposited directly into your fuel card.
4. No Debt:
Unlike loans and lines of credit, freight factoring does not create debt on your balance sheet.
5.Growth:
Many factoring companies design their programs so trucking companies have the ability to grow.
For example, TCI Business Capital has custom programs ranging from $10,000 up to $20 million a month. The more contracts you accept and the more loads you haul, the more cash they’ll provide.
6. Not Dependent on Your Credit:
Companies that are unable to obtain funding from a bank because of credit can still get cash with freight factoring as it is not dependent on your credit.
