WHY CHOOSE NON-RECOURSE FACTORING?
Trucking Partners has offered non-recourse factoring services for several years. Non-recourse factoring is the purchase of accounts receivable (freight invoices) for cash. Trucking Partners pioneered the use of non-recourse factoring for small-medium sized motor carriers including many startup companies.
Non-Recourse Factoring Benefits
Trucking Partners purchases freight invoices providing motor carriers with immediate cash in return. Non-recourse invoice factoring clients receive up to 100% of invoice amount (less factor/discount fee) on factored receivables within 24 hours (see process). Since the non-recourse carrier/client isn’t at risk for credit-related issues, neither the client nor the factor needs to hold a cash reserve. This maximizes cash flow for our carrier/clients.
Because non-recourse factoring companies assume the credit risk, they usually have a team of experts to evaluate credit and manage the accounts receivable. As your non-recourse factoring company, Trucking Partners analyzes, manages, and guarantees credit on carrier/client customers. And, we provide unlimited, free credit checks!
Protection from Bad Debt
A primary benefit of non-recourse factoring is that Trucking Partners will guarantee the credit of the factored invoice, even if your “credit-approved” customer goes bankrupt. This is a powerful tool that can greatly reduce bad debt exposure. (With recourse factoring, the carrier/client must have the ability to “buy back” the invoice if the customer is unable to pay.)
Account Receivable Services
To deliver our non-recourse factoring services, Trucking Partners employs an experienced team of accounts receivable management professionals. Trucking Partners’ non-recourse factoring clients depend on us to provide full credit, invoice processing, and collection services.
Consider the benefits of non-recourse factoring. Contact Trucking Partners today!