IMM Financial is a Freight Factoring Company with programs to help keep Your Trucks rolling. Whether you are a single truck owner / operator, you have 10 trucks running loads or you are an International Freight Forwarder we have programs that will help you get your invoices paid quicker and with less inconvenience. We have drop boxes for your invoice remittances all over the USA, Canada, Europe and Australia.
Up to 97% Advance | Rates as low as 1% | Initial Funding 3 – 5 Days | Simple Fast Track Application | NO Setup Fees | No Commitments | No Minimum Volume | Flexible Agreements
If you are like many Trucking Companies you have customers that pay your Freight Bills in 30 to 60 days after delivery but you have to pay fuel bills, insurance and drivers wages that need to be paid every week. This is where IMM Freight Factoring can help you. We can even provide your company with fuel cards so your fuel can be paid directly from your available funds from your Factoring Advances.
IMM Financial has a very strong history with Freight Forwarder Accounts and we know what is needed to keep your trucks on the road. We as Transportation Factoring Company will give you and advance on your Freight Invoice and we will be responsible for collection of the payments from your customers.
In most cases you will receive payment for your Freight Bills over 2 installments. The initial payment will be about 90% of the face value of your invoice which will transfer to your account in 24 to 48 hours. Once payment has been made by your customer you will receive the balance of the funds due to you less the Factoring Fee. There are also programs where you will receive up to 97% of the invoice face value in one payment. Which Freight Factoring Services Program your company is eligible for will be discussed once we know what your company needs are and who your customers are.
Freight Factoring | Freight Factoring Companies | Freight Capital | Truck Factor | Freight Bill Factoring
The Factoring fee is normally between 1% and 5% of the invoice face value and relies several factors such as the customer credit, terms of invoice, number of days the invoice is outstanding as well as how long the funds you have been advanced have been outstanding. This is an excellent option for many Trucking Companies as in general you can expect around 2% discount on your invoices which is typically what you would expect to give if the loads were COD.
The main plus in Freight Factoring is that your Cash Flow will get better instantly because you will receive payment on your Freight Bills right away. These funds are available to you for paying fuel bills, insurance, driver’s wages as well as general staff.
Because part of our service is Accounts Receivable Management we will now be collecting from your customers which will free up your time from chasing after payments from customers. You will have access to your Accounts Receivable ledgers on line as well as printed statements in most cases so you will be able to see live, where all your accounts are. Freight Factoring will improve your Cash Flow as well as permit you to grow your business, with the absence of worrying about collecting payments from customers you sell to on credit terms.
If your company is ready to grow without the headache of dealing with collecting from customers complete the form below and once of our Freight Factoring Specialists will be in touch with you promptly do discuss the programs and options available to your Trucking Company.
