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:
3 FUEL CARD – Discounts up to 50 cents per gallon at the pump! Manage your fleet’s fuel expenditures with Steelhead Finance’s Platinum EFS Fuel Card. 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).
4 TRANSCHECK AVAILABILITY – Steelhead offers TransChecks as a controllable payment instrument for you and your 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 TRIP PAK EXPRESS – Get paid as soon as 24 hours from delivery! Steelhead Finance partners with TripPak Express to offer you a way to send your paperwork and get paid even faster. With over 1,500 drop box locations across the US, TripPak is convenient and cost effective. Read More
6 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.
7 CREDIT SERVICES – Steelhead employs a professional credit staff to assist you in determining whom you want to do business with. Our 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 Clients time and money. There is no additional charge to credit check a customer; in fact, we encourage our 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.
8 BILLING FOLLOW-UP SERVICE – Steelhead’s Account Managers audit your freight invoices for accuracy and then bill them out to your customers. After the invoices are mailed out, your Account Manager monitors the billing cycle for you. 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.
10 ONLINE REPORTING – Steelhead provides a variety of management reports which identify the week’s activity on your account. With online reporting management, you are capable of viewing these reports any time. These reports improve your ability to make prompt, informed business decisions.
11 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.
- VARIABLE RATE PROGRAM
This program is designed to provide you with maximum flexibility in controlling the cost for you to factor. The rate is based on the actual turn time of each invoice. If it pays quickly, you pay less.
- FIXED RATE PROGRAM
This program allows you to pay one fixed fee on all invoices factored for 60 days.
Transportation Industries Steelhead Finance Factors
- Factoring Owner Operators
- Factoring Intermodal and Container Freight Companies
- Factoring Freight Brokers
- Factoring Long-Haul Truck Load and Local Delivery
Steelhead Finance (A Division of Capital Associates Inc.)
2594 E. Barnett Rd. Suite C | Medford, Oregon 97504 | Phone: 1.800.727.3377