Freight Bill Funding and so much more
Our Freight Bill Funding (freight bill factoring / freight bill financing) programs relieve the pressures of cash flow and time when running a trucking company. Bibby Transportation Finance ("Bibby") has developed products and services to help you finance your transportation business and streamline the administrative side of your business.
Turning Freight Bills Into Cash
This is an easy process. For your initial funding you can either:
The initial funding process, from receipt of application, usually only takes from two to six business days, depending upon the size of your trucking business.
After your initial funding you will receive up to a 95% advance on your freight bills the next business day.
Freight Bill Funding
We have a selection of flexible freight bill funding programs that we can tailor to suit your transportation company's needs.
Our client service team is dedicated to only servicing transportation companies clients and, therefore, is experienced not only in your needs but also in how to deal with your clients in a professional and courteous manner. As part of our Freight Bill funding program you will receive:
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Cash within 24 hours to either your funding bank account or loaded directly to your Bibby Fuel Card (our renowned fleet fuel card service)
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Dedicated, professional account executives operating a collection service for you. Last year Bibby Financial Services collected over $9 billion in accounts receivables for over 7,000 clients
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Free online credit checks on your clients, updated weekly, available 24 hours / 7 days a week
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Back Office Management, issuing statements, mailing of invoices, verification and professional collection calls
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Bad Debt Protection, if you choose to include this with your facility; non-recourse is available for facilities up to $100,000
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Online Access to your facility with full reporting
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Online Imaging, access to images of remittances / checks received from your clients