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Semi Truck Factoring Company - max truckers

Semi Truck Factoring is the process in which an owner-operator or a trucking company sells ...<br>

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Semi Truck Factoring Company - max truckers

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  1. 12/11/23, 12:45 PM Semi Truck Factoring Company - max truckers  Semi Truck Factoring Company Get the RIGHT Factoring Program That Is BEST For Semi Trucks… From Veri?ed Top Semi Truck Factoring Companies, in 02 minutes! 0:00 / 1:28 Get Quotes Now >> Compare, Choose, and Apply from the Top Semi Truck Factoring Programs  Semi Truck Factoring is the process in which an owner-operator or a trucking company sells an outstanding truck freight bill to a factoring company for a cash advance. https://www.maxtruckers.com/semi-truck-factoring/ 1/12

  2. 12/11/23, 12:45 PM Semi Truck Factoring Company - max truckers Save Money Up to $1597 Free Trucking Biz Tools Scroll down to see the price 30000+ Happy Owner Operators Top 3 Semi Truck Factoring Bene?ts for Owner Operators Compare and choose the right Semi Truck Factoring plans from our recommended factoring companies that are 100% safe for owner operators. Get the best for your trucking business. Generate truck factoring proposals and quotes in minutes.  https://www.maxtruckers.com/semi-truck-factoring/ 2/12

  3. 12/11/23, 12:45 PM Semi Truck Factoring Company - max truckers Factoring With Fuel Line of Credit Semi Truck Factoring With Fuel Line of Credit Get Fuel Line of Credit Factoring Program. Click here for details. Fuel expense is no longer a headache. Apply Now >> For bigger trucks, as well as smaller trucks Truck Factoring for bigger trucks A new owner-operator should save every penny that is possible. Get multiple Semi Truck factoring proposals from top factors with MaxTruckers offer for bigger trucks, price mentioned below Apply Now >>  https://www.maxtruckers.com/semi-truck-factoring/ 3/12

  4. 12/11/23, 12:45 PM Semi Truck Factoring Company - max truckers Factoring With Dispatch Semi Truck Factoring With Dispatch Get high paying loads with MaxTruckers Dispatch, the best dispatch company in the USA along with factoring. To experience the Dispatch quality, you get discounted dispatch price. Scroll down to see the price. NO ?xed percentage, NO commitment and SAVE thousands of dollars! Apply Now >> Highlights of Our Semi Truck Factoring Proposal Multiple Semi Truck Factoring Proposals  From Top-Rated Semi Truck Factoring Companies  100% Veri?ed Companies  5 Star-Rated Factors  Multiple Factoring Proposals  Starting from 1% to 3.5%  Scroll down to see the price  Recourse & Non-Recourse SemiTruck Factoring   https://www.maxtruckers.com/semi-truck-factoring/ 4/12

  5. 12/11/23, 12:45 PM Semi Truck Factoring Company - max truckers Semi Truck Factoring Advantages with MaxTruckers Impartial, fair, and FREE consultation  Proposals designed as per your business nature  Multiple factoring proposals  100% Pre-veri?ed, handpicked & trustworthy factoring companies ONLY  Dedicated MaxTruckers buddy for factoring consultation  Regular quality check of the factor  Get Quotes Now >> FREE Start-Up Kit FREE TCS Fuel Card that Saves, Scroll down to see the price.   30 Days FREE DAT Load Board, the largest marketplace for freight loads and trucks, over 600,000 loads/day  FREE List of 300 Brokers, VERIFIED brokers who work with new owner-operators.  MaxTruckers Referral Program – Refer a friend for factoring, earn $150 per referral. Earn $1000+ extra income per month.  FREE Knowledge Resources – Get access to MaxTruckers knowledge resources that can help you to GROW your business FAST.  Get Quotes Now > What is Semi Truck Factoring? Semi truck factoring in trucking: Semi truck factoring is a key part of truck factoring. Semi Truck factoring helps semi-truck to get factoring instantly or in 24 to 48 hours.   What are trucker/driver needs to do is to ply a load generate a BOL/ invoice and submit a digital copy of the trucking invoice on the factor’s website, mobile app or send it via email. https://www.maxtruckers.com/semi-truck-factoring/ 5/12

  6. 12/11/23, 12:45 PM Semi Truck Factoring Company - max truckers How does semi truck factoring ease trucking business cash ?ow issues?   Semi truck liquidity and cash ?ow solution: After plying a semi truckload a semi trucker has to usually wait 30/45/60 or even 90 days to get paid for the loads pulled. This wait for the cash to come will create a cash crunch at the semi truck business.  So, what the business owner does is he will submit his trucking invoices to the factoring company, then the factoring company will pay you liquid cash after cutting the factoring fee. This cash injection in business will help semi-truck businesses to pay their expenses/ salaries/ maintenance/fuel bills/ driver accommodation, food, supplies, etc. Why is semi truck factoring important for owner operators? Semi truck factoring is vital: Semi truck factoring helps semi truckers to achieve ?exibility and liquidity by offering their trucking invoices at a fee/commission.  Other than liquidity injection, operational freedom a factoring company helps small and medium truckers to get on top of their carrier side paperwork and secretarial documents. The money thus got from the factor can be used for working capital expenses like fuel, driver salaries accommodation & amenities; equipment maintenance and upkeep, tire or oil change, etc. How do you select a semi truck factoring for your business? Selecting a semi truck factor for your business: To select a semi truck factoring company you need to keep in mind certain aspects. You need to know what’s the factoring rate, and if the volume of invoices and size increases then the factoring rate also decreases. Is there a contract lock-in period, like a 6month contract or a 1year contract, if it is there you might have to pay a contract termination fee for an early exit. Are there any hidden fees like credit check fees or another fee etc, ask about hidden fees while you are going to sign the contract. Is there a minimum factoring volume, should you factor all the invoices with your factoring company.  Then you need to see what are the additional bene?ts like fuel card, fuel line advances, combo insurance, load board, etc you get from your factor. You need to have responsive, dedicated, and problem-solving customer service. If you have a query the customer service should be ready to serve you 24/7/365.  You need to also check if there are any reserves, this reduces the amount of money credited to your account. What is the cost of semi truck factoring?   Cost of semi truck factoring: https://www.maxtruckers.com/semi-truck-factoring/ 6/12

  7. 12/11/23, 12:45 PM Semi Truck Factoring Company - max truckers Factoring companies reduce an invoice commission/ cut from your bills submitted. The commission is about 1.5% to 5% depending on the factoring volume and size. For some companies there is a reserve also which would be deducted from your invoice amount, this will be paid back only after the customer pays the factoring company.  What is recourse and nonrecourse semi truck factoring? Recourse and nonrecourse semi truck factoring: In recourse factoring, if the trucking company surrenders their trucking invoice and gets paid instantly. But if there is a payment problem from the broker/shipper side when the payment is due. The trucking company bites the bullet and should pay the factor. A non-recourse factoring program takes the risk away from trucking companies if a freight broker/shipper fails to pay an outstanding invoice. In no recourse factoring if a broker/shipper fails to pay in certain occasions like bankruptcy or insolvency etc the factoring company takes the hit. This means the trucker or owner-operator is safe from risk arising from nonrepayment.  Is the semi truck factoring worth it?         Semi truck factoring is worth it! If a trucker/driver/owner operator factors he/she gets cash or liquidity instantly. This means he/she doesn’t need to wait for the payment cycle to be due to get paid. Due to this, the semi trucker can pay operational, fuel, and maintenance expenses when it arises. The other option for a trucker/driver to get a cash injection into his/her company is to go for a bank loan which will have a hefty interest cost and the process of getting it is cumbersome. The other option is to go for a Quickpay from a broker which is fast but it’s only provided by a few brokers. What are the merits and demerits of a good semi truck factoring contract?         Merits and Demerits of semi truck factoring: Merits of semi truck factoring: Easy way to inject liquidity into your business  Trucking startup-friendly  Low invoice/ bill commissions or factor cuts  It’s a short and long term liquidity option Demerits of semi truck factoring: Invoices must be paid in 90 days Should have quality and highly creditworthy customers to start factoring Control of accounts receivable is lost Taking credit based on accounts receivables in hand is not possible.  https://www.maxtruckers.com/semi-truck-factoring/ 7/12

  8. 12/11/23, 12:45 PM Semi Truck Factoring Company - max truckers What are the additional bene?ts of joining MaxTruckers semi truck factoring?   Added bene?ts of joining MaxTruckers semi truck factoring program: Fuel cards:  MaxTruckers provides you with a TCS fuel card. This card gives you an average rebate on a gallon of fuel. The cards are taken at 1000 odd fuel stations and truck stops in the USA and Canada.  This card can be used to get fuel, do maintenance and upkeep, get supplies, fund driver amenities, oil and tire change, etc. The cards are set up through the fuel card company. But, the funding is generated through the factoring agreement. Fuel line of credit: MaxTruckers provides you fuel line credit, which you can use to ?ll up fuel and run to take your next high-paying load without any issues.  Flexible load volume requirements: MaxTruckers factoring allows you to factor at a competitive rate, factor partially or fully also you can decide which invoices to factor. MaxTruckers factoring provides you funds according to your priorities.  Positive contract terms that favor semi truckers: A good contract with factor is going to the great ambiance in your relationship with the factoring company. You need to go through the ?ne print and see what are features of the contract. You need to know, how long is the contract? Is there a termination fee or what are hidden conditions or hidden fees etc? You should go for a month-on-month contract with the factor, you should not sign the contract if there is a lockin period. You need to also see if there is a termination fee, which might be a hefty sum, you will have to operate at a position of loss if you don’t know bout it early. Also do not accept hidden fees like paperwork fees or credit check fees etc. Fast Paperwork: Factoring companies should accept photos, scans, and copies of the invoice/BOL, etc. These companies should proactive, robust, and fast web portals or mobile apps to upload load paperwork. They should also allow you to email the documents. Any, factor that asks for originals is making the process complicated, so you must not factor in them. Best Customer support: Most truckers go for a long-term relationship with factoring companies. So robust, helpful, and dedicated customer support is essential for the success of the relationship. MaxTruckers provides you with a MaxTrucker buddy who is a dedicated customer support representative who will help you with factoring, insurance. load dispatch and other trucking services. Fast and Pain-free approval: During the MaxTruckers factoring approval process we look at the credit score and history of the client/shipper. Nothing else is considered for approval so it is a very fast approval process. Rapid Cash payments: Good factoring company pays fast, usually they pay within 6hours of load paperwork submission. Factoring companies make payments on invoices with in 24hours.  DAT Load board Subscription: https://www.maxtruckers.com/semi-truck-factoring/ 8/12

  9. 12/11/23, 12:45 PM Semi Truck Factoring Company - max truckers MaxTruckers provides you with a one-month free trial of DAT TruckersEdge load boards, the industry-leading loadboard in the USA. With it, you can hunt, ?nd and negotiate high-paying loads from your mobile and desktop. Every day DAT TruckerEdge hosts 600,000 unique loads, you can put your trucking company in hyperdrive using DAT TruckersEdge. 300 member broker list for new MC owners/drivers: We understand how hard it is to work as a new MC operator/trucker, so we have created a list of 300 brokers who are ready to work with new owner-operators. Trucking Startup Friendly: We know how hard it is for a trucking startup to survive in the hyper-competitive trucking space. We provide you with the tools, operational acumen, and contacts to prosper in all facets of trucking. Maxtruckers also provide knowledge resources, tools for the operation, due diligence. We provide vital services insurance like factoring, bookkeeping, etc for fresh of the blocks trucking companies. Previous Reefer Factoring Company Next   Hot Shot Factoring Product Pricing  Dispatch https://www.maxtruckers.com/semi-truck-factoring/ 9/12

  10. 12/11/23, 12:45 PM Semi Truck Factoring Company - max truckers 1. Dispatch ; Loads Just @ $49/Week/Truck + 5% of the previous week’s gross revenue Fuel Card 1. TCS: 42 cents per gallon for Q3 of 2023 2. RoadEX Fuel Credit Card; up to $6000 / per week LoadBoard $45 Per Month (Get 10% off on your ?rst 12 months) DAT TruckersEdge provides carriers access to the trusted DAT ® Network, North America’s largest marketplace for freight loads and trucks, with over 900,000 loads posted daily. With TruckersEdge, you get unlimited searching and posting, instant alarm match noti?cation, broker credit scores and days to pay, market rates, mileage routing, and much more. Avail your Offer Now $180 Per Month (Get 10% off on your ?rst 12 months) $145 Per Month (Get 10% off on your ?rst 12 months) Rated Top 5 Dispatchers In USA  Saieh Ghavami Rick D Susan H. James Birdine II Nataya                               https://www.maxtruckers.com/semi-truck-factoring/ 10/12

  11. 12/11/23, 12:45 PM Semi Truck Factoring Company - max truckers Been working with My experience with Ruby - Exceptional Nick was a I Signed U Jenny for awhile max truckers was Customer Service wonderful agent MT. Nick Been working with Jenny for awhile, always reliable and I am looking forward to doing more business! My experience with max truckers was Excellent from start to ?nish. Mrs Ruby I’m my opinion one of the best helpers I ever received from an active associate from a company. Read more>> Ruby was professional/listened to my concerns/was patient as this was new territory for me/solved all my issues/Exceptional Customer Service! Thank You Susan H. Nick was a wonderful agent, very professional and informative. He has a lot of patience and was very helpful. Read more>> Great com work with big help h get everyt started. A application easy and s explanato  Date of experience: May 22, 2023 Date of experience: September 15, 2023 Date of ex June 21, 2 Date of experience: September 19, 2022 Date of experience: June 22, 2022 Testimonials   Email address Subscribe to our Newsletter General Queries: ruby@maxtruckers.com Service Queries: +1 (909) 296 – 6688  REGISTERED ADDRESS 8 The Green, STE A, Dover, Kent, Delaware City, DE, United States, 19901 https://www.maxtruckers.com/semi-truck-factoring/ 11/12

  12. 12/11/23, 12:45 PM Semi Truck Factoring Company - max truckers WORKING HOURS Monday – Friday (09:00 AM – 06:00 PM EST) Saturday & Sunday – Closed QUICK LINKS Dispatch Service | Fuel Card | Load Board | About US | Contact Us        © Copyright 2023 Max Truckers Pvt Ltd. All Rights Reserved.  https://www.maxtruckers.com/semi-truck-factoring/ 12/12

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