| 866-685-9204 |
| WE KNOW THE TRUCKING INDUSTRY AND WE CAN HELP |
| STATISTICS SHOW THAT SMALL TRUCKING COMPANIES DON’T FAIL DUE TO A LACK OF WORK THEY FAIL DUE TO LACK OF CASH FLOW!! |
WHAT IS FACTORING - Factoring allows you to sell your accounts receivable at a discounted rate to increase your cash
flow and can protect you from unnecessary credit risk.
flow and can protect you from unnecessary credit risk.
NON RECOURSE FACTORING – The factor takes the credit risk. Your fee is determined by how quickly you want to be paid. If the carrier has
complied with the contract and the debtor fails to pay, Open Freight Financial will take the loss.
complied with the contract and the debtor fails to pay, Open Freight Financial will take the loss.
RECOURSE FACTORING – The factor does not take the credit risk. A percentage of the pay is held until the debtor pays the invoice. How
quickly the debtor pays the invoice determines the percentage you pay. Should the debtor fail to pay, the responsibility falls back on the carrier.
This program is subject to qualification.
quickly the debtor pays the invoice determines the percentage you pay. Should the debtor fail to pay, the responsibility falls back on the carrier.
This program is subject to qualification.
WHY SHOULD YOU USE A FACTORING COMPANY? It can take up to 45 days to receive payment on a delivered load and sometimes you
may not get paid at all. It can be very time consuming and costly to collect payment from a broker or shipper. One unpaid load a month can put
you out of business.
may not get paid at all. It can be very time consuming and costly to collect payment from a broker or shipper. One unpaid load a month can put
you out of business.
The Advantages of Using Our Factoring Company:
No Risk Factoring: We have introduced a non-recourse factoring program that is revolutionizing the transportation industry. You can be on the
forefront of this new program by becoming a member of our system.
You are guaranteed payment on all approved loads in hours, not days. This allows you to maintain a positive cash flow. Once we purchase your
invoice we assume all the collection risk from that point forward. Professional risk managers handle the administrative and collection process, so
you can focus on your business.
No Risk Factoring: We have introduced a non-recourse factoring program that is revolutionizing the transportation industry. You can be on the
forefront of this new program by becoming a member of our system.
You are guaranteed payment on all approved loads in hours, not days. This allows you to maintain a positive cash flow. Once we purchase your
invoice we assume all the collection risk from that point forward. Professional risk managers handle the administrative and collection process, so
you can focus on your business.
 | We fund off of CLEAR FAXED COPIES |
| No Minimums |
| No Long Term Contracts |
| Builds a consistent method of cash flow |
| 24/7 Credit Check |
| No reserves deducted and we take the credit risk! |
| We manage your billing and save you time |
| Allows you to focus on your daily operations |
| Creates Flexibility |
| Fuel Cards are available | |
| PRICING STRUCTURE |
| LLC |
|
 |
 |
 |
 |
 |
 |
 |
 |
 |