Top 5 Features You Should Expect From a Truck Factoring Company

By Bibby Financial Services

09 May 2017

The U.S. has thousands of transportation factoring companies, which can make it difficult to determine which one offers the best services to support your business’s growth. Bibby Transportation Finance (BTF) has identified the top 5 features you should look for to find a factoring company that will be a good fit for your trucking business. 

5 Features of a Good Transportation Factor

  1. No hidden fees: We respect our clients and believe they deserve to know what to expect in the process.  From the first conversation, Bibby Transportation Finance will be transparent about contract terms, fees and advance rates. 
  2. Offers perks/programs that make it easier for you to do business: As a benchmark, BTF offers: free Comcheks, complimentary freight broker and shipper credit monitoring, hotel discounts, a free load board, free fuel cards and fuel discounts accepted across the nation at over 1500 truck stops. BTF provides its customers with a discount card for up to .28 cents per gallon, depending upon the fuel stop.
  3. Honest about other forms of financing: BTF is frequently the best option for companies who can’t qualify for small business loans because of limited or poor credit history. BTF is also a good option for those business owners who need more flexibility in their financing choices, which can occur for a variety of reasons including growth or times of challenge. 
  4. Provides exceptional and professional back office support and service: With a convenient option to submit invoices electronically from anywhere and with reduced paperwork, BTF allows you to spend less time on administrative tasks and more time boosting your profits. With BTF, you also get ongoing support from a dedicated team and through online portals for checking the status of invoices and payments.
  5. Grows with your business: We service all sizes and types of transportation companies, from one-truck owner/operators to large fleets and even freight brokers. Many of our clients stay with us for years because we offer higher funding lines and competitive advance rates on truck factoring.

Bibby Transportation Finance’s (BTF) factoring solutions are designed to provide the working capital you need to run your business. Contact us today to learn more or to get a quote: (877) 692-4229


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