Freight Factoring Company

NEED MONEY AND EXPERTISE TO GET YOUR FREIGHT BUSINESS TO THE NEXT LEVEL?

Freight Factoring with Steelhead Finance

Low Rates – High Advances – No Application Fees – Free Credit Checks – Best Value

For over 30 years, Steelhead Finance has been providing creative financing solutions for freight carrier companies throughout the United States to increase cash flow. We understand that each carrier, regardless of size, has unique business needs and we strive to create programs specifically designed for each company – no cookie-cutter factoring programs.

________________________________________________________

Why Choose to Work with a Freight Factoring Company?

Freight Factoring is simply a means to be paid immediately. It enables you to avoid sending your freight invoices to your customers who may take upwards of 60 days to pay. Instead, Steelhead Finance would buy the freight invoices from you for a minimal fee and pay you within 24 hours. The invoices are then forwarded to your customer. Many transportation companies rely on freight factoring companies because they often cannot afford for their invoices to go unpaid for 30 to 60 days. We do the waiting so you don’t have to.

Get funded now. Get an online quote here. Speak to one of our transportation experts about getting set up by calling (800) 727-3377.

________________________________________________________

Steelhead provides one of the most cutting-edge systems, allowing our freight factoring clients access to information and tools, available 24/7. We are distinctively recognized for our Factoring Credit Department, a specially trained team who assist our transportation carriers in making informed decisions about who they haul for. With that, our clients spend their time growing their company rather than fighting for payment.

Above all, Steelhead Finance is committed to providing the highest quality of service and value to our freight factoring clients.

At Steelhead, we design each program to be sensitive to your cash flow needs and the needs of your specific business. The basic components around which we build a program include:

 

1 RATE – Steelhead will put a quote together to offer the best freight factoring rate for your trucking company.

2 ADVANCE – Steelhead advances a percentage of the face value of each invoice purchased. The balance NOT advanced is called the HOLDBACK. When each invoice pays, you are entitled to a REBATE of the portion of the HOLDBACK that is NOT paid to Steelhead as a factoring fee. For example:

3 FUEL CARD – With Steelhead’s EFS Fuel Card, you have two great options to better manage your fleet. The Freight Fuel Cardfuel card gives your company access to a wide network from which to pinpoint low-priced fuel options. This card is universally accepted for fuel and repairs at most major truck stops (including Flying J, Pilot, Petro, Love’s, TA and many independents). This flexible fuel card program also allows access to the tools to better manage your trucking fuel expenditures.

4 TRANSCHECK AVAILABILITY – Steelhead offers TransChecks as a controllable payment instrument for you and your freight company drivers. Drivers can carry a few TransChecks in case they need funds for tollbooths, weigh stations, unexpected bills or repairs. Online tools assist in keeping track of TransCheck transactions and run reports to know which checks were used by which driver.

5 FED EX DISCOUNTS – Save time and money by sending your pre-addressed FedEx envelopes. Using the standard FedEx envelopes, your batch can be mailed to us from any FedEx box for a reduced rate that will be deducted from the next advance.

6 CREDIT SERVICES – Steelhead employs a professional credit staff to assist you in determining whom you may want to do business with. Our factoring company’s extensive credit database includes bank and trade information verified by our Credit Analysts along with information gathered from our access to multiple national credit bureaus. The combination of these services, if utilized fully, can save our factoring Clients time and money. There is no additional charge to credit check a customer; in fact, we encourage our factoring Clients to use this valuable service in order to reduce the potential of doing business with slow or non-paying customers.

24/7 Online Credit Checking – This allows you to make informed credit decisions on potential customers at any time you need to, and not be limited by business hours.

7 BILLING FOLLOW-UP SERVICE – Steelhead’s Account Managers audit your freight invoices forCustomer Service accuracy and then bill them out to your customers. After the invoices are mailed out your Account Manager monitors the billing cycle using systematic follow-up procedures that have been developed by Steelhead Finance through the last 30 years of experience. These methods are designed to detect potential payment problems and eliminate delays in payment. The billing follow-up service allows your staff to spend more time generating revenue and less time collecting it.

8 CUSTOMER SERVICE – Superior Customer Service is our number one goal. You are more than just an account-holder. You are our business. We tailor our custom factoring programs to fit your specific transportation company needs. Our team is committed to be responsive, professional, and timely.

9 ONLINE REPORTING – Steelhead provides a variety of Management Reports each Friday, which identifies the week’s activity on your account. With online reporting management you are capable of viewing these reports more frequently. These reports improve your ability to make prompt, informed business decisions. Steelhead will provide you with a factoring program that will allow you to access your current account information via the Internet.

10 BOND FILING SERVICE – Steelhead Finance will assist you in securing payments from delinquent brokers, even if we have not purchased the invoice. Steelhead’s knowledgeable staff has experience in filing and following up on claims against broker trust funds and bonds. We can save you the time and hassle of drafting claim letters, filling out claim forms, and making calls to verify progress on the claim.

11 APPLICATION – There is no application fee to get your freight factoring account started. Don’t worry about signing away the next 12 months of your business as Steelhead does NOT employ a long term contract. We simply ask for a short termination notice.

12 RATE STRUCTURES

  1. VARIABLE RATE PROGRAM–

    This invoice factoring program is designed to provide you with maximum flexibility in controlling the cost forVariable Rates you to factor. The rate is based on the actual turn time of each invoice. If it pays quickly, you pay less. If it pays slowly, you pay more. The VARIABLE RATE Program can start as low as 1.45%.

  2. FIXED RATE PROGRAM–

    This invoice factoring program is based on you guaranteeing that all the invoices you sell to Steelhead will average a specific turn time. You pay one fixed fee on all invoices factored for the first 60 days. After the 60 days the rate will increase by 0.10% per day until the invoice is paid upon approval of prearranged payment commitment.


Transportation Industries Steelhead Finance Factors


LiveZilla Live Help