Factoring your freight bills is simple: Haul the freight, send your completed freight bill to TFG, get paid immediately! What could be simpler?
Billing Procedures are easy. We run your Settlement Report after purchasing your bills. We send your money by the method that you choose. TFG performs all Collections Follow-up. We help you keep your company financially healthy. You pay a low fee and get a high advance rate. All of this under a monthly Service Agreement that won’t hold you hostage. This is just what your trucking company needs.
Call us at 1-800-705-3863 to learn more. Getting set up takes just a couple of days and then you can look forward to smooth and predictable cash flow.
The History of Factoring
The term Factoring (as a means of financing) dates back more than 1,000 years. Factoring grew more organized and by the 1400s European merchants were hiring Factors as agents to bring spices back to Europe from the Far East. Frequently members of families would work together in transporting of goods and spices. Together they would form a coalition as factoring agents working on behalf of merchants. The factoring agents wanted to employ someone trustworthy to help cover the long distances involved in trade with China, so fathers, sons, and brothers would work together to fulfill their obligations to the European merchants while minimizing the risk.
Factoring has become a very popular and widespread means of financing freight bills. Trucking companies have been relying upon factoring since the 1940s, and today there are many companies providing factoring services to the trucking industry. Transportation Funding Group has been helping truckers stay on the road since 1995.