Have you reached your borrowing limit with the bank? Is your trucking company having a hard time securing an additional line of credit? If so, then our Recourse Factoring program is your solution.
You can receive the funding you need fast with our same-day service. Plus, our recourse factoring program offers lower, competitive fees with a minimal reserve requirement!
What is Recourse Factoring?
Recourse Factoring is an asset based funding method in which your invoices are purchased by a third party, known as a factor. The factor then collects from your customers. In the event that your customer does not pay an invoice within 90 days, you agree to purchase the invoice back from the factor. Hence, the factor has recourse in the event of a nonpayment.
Trucking companies that are well established, typically prefer our recourse factoring program; this includes trucking companies with multiple trucks in their fleet.
These trucking clients haul freight and loads for a regular set of customers and therefore their customers routinely pay invoices in a timely fashion.
If this sounds like your trucking company, then let our recourse factoring experts help you gain the capital you need!
With recourse factoring program at Porter Billing Services, you can gain access to the following benefits:
- Same-day funding on invoices
- Advance rates up to 90%
- No long-term contract! No termination fee!
- Flat rate pricing for 90 days
- Free online credit checks
- FuelSmart Trucking Fuel Card (Diesel credit line and discounts available)
- Billing program (Reserved for fleets ten (10) trucks or less)
Contact us today to find out if our recourse factoring program is right for you. We would be happy to answer any questions you may have.
Give us a call today at 1-800-737-7344.