Factoring can be a crucial component in the success of a trucking company hauling general freight. Watch to find out more about general freight factoring and how it can benefit your trucking company. If you have more questions, check out our website: www.apexcapitalcorp.com/factoring/faq/
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Chapters:
00:00 Introduction
00:22 What is General Freight?
00:35 Examples of General Freight Commodities
00:57 What is General Freight Factoring?
01:33 Benefits of Factoring at Apex Capital
02:10 What to Expect when you Factor with Apex
02:32 Get Started with Apex Capital!
“We all know that trucking companies haul freight. But they haul all kinds of freight, whether it be heavy haul, hot shot, expedited, refrigerated, auto carrier, or general freight. If you’re buying it at your local store, chances are great a trucker got it there. Let’s talk about general freight.
Hop on any highway and you will see your standard 18-wheeler, a cab attached to a long, enclosed trailer.
That trucker behind the wheel is hauling general freight, which is just about anything that doesn’t have a specific niche.
Think supplies like hardware, bricks, timber, and paper, also non-perishable foods like cereal or soda, and of course wholesale goods like clothing or housewares.
Factoring can be a crucial component in the success of a trucking company hauling general freight. What is general freight factoring? It is the purchase of invoices at a discount.
A factoring company, like us at Apex, buys the invoice from the trucking company, pays them in 24 hours or less, and then the trucker keeps hauling without worrying about waiting 30-90 days for payment. That keeps cash flow steady, and steady cash flow is super important to stay in business.
Here at Apex Capital, factoring is more than just buying invoices. We pride ourselves in our world-class client service, our portfolio of tools and services, and our commitment to helping all our clients thrive in a competitive industry. So, what are some of the benefits of factoring with Apex Capital?
• Expert back-office support team
• Professional soft collections from your customers
• Dedicated account executive treats you like family
• Apex TCS Fuel Card - $2,500 fuel credit line, great fuel savings
• 24/7 Factoring to get paid nights, weekends, and bank holidays
• blynk®, Apex Capital’s proprietary digital payment system
• Mobile factoring app, unlimited credit checks, account management portal (AMP)
• NextLOAD, our FREE load board
Apex Capital has more than 25 years of factoring expertise. We understand every facet of the trucking industry and we use that knowledge to serve our clients. We don’t believe in long-term contracts, and we don’t charge monthly minimum volume fees or even termination fees.
What we do here at Apex Capital is take care of our clients with the same passion we have for taking care of each other. We are ready to take care of you. Factor your general freight with Apex Capital so you can keep your cash flow steady, and your back-office support organized.
If you're interested in factoring, but have more questions, head over to our FAQs page on our website! www.apexcapitalcorp.com/factoring/faq/"