What is freight factoring?
It’s cash flow without debt.
Here’s what we do…
We help you manage cash flow by purchasing your outstanding invoices through a process called transportation factoring. That’s where we start. Triumph’s other services – online credit checks, fuel discounts, fuel advances, DAT load boards, insurance and more – give small to mid-sized operators access to big company benefits.
We’ve been providing truck factoring for over ten years – from 1 truck owner operators to 300 truck fleets. We work with all major trucking industry providers, and we adapt well to your business requirements. Having worked with over 20,000 freight brokers and shippers, we understand special requirements. You move the freight and we’ll get you paid.
It’s your cash!
More cash for immediate needs.
With freight factoring you can pay drivers, insurance, fuel, and other expenses now – with peace of mind and speed.
More cash for growth.
Factor all or only some of your invoices. Never turn down another load because you can’t pay fuel or driver cost. Transportation factoring makes growth possible.
Stop worrying about slow-paying customers. Truck factoring lets you look ahead to new opportunities.
More cash without debt.
Invoice factoring is simply a sale of invoices, without incurring debt or having to make loan payments.
What it means for you…
We make it available to you – with speed, technology and transparency. Transportation factoring gets you cash fast.
It’s your Triumph!
Programs that save you money.
Check for loads and credit at the same time on all DAT load boards. Save on fuel with our fuel discounts.
The Triumph Bancorp group offers a growing suite of financial services – starting with insurance and equipment financing. Wherever you may be in your business growth cycle, we can help you reach the next level.
A long-term relationship.
Our vision is long term. Our values are transparent. You may outgrow freight factoring, but it’s hard to outgrow Triumph. We offer easy access to asset based lending products, offering a seamless transition to even lower cost of working capital options.
We want to be an extraordinary partner for all seasons. Our Triumph is Your Triumph.
What it means for you…
As part of Triumph Bancorp, Inc. (NASDAQ:TBK), our partnership opens your door to opportunities well beyond invoice factoring. Your Triumph is a value proposition that extends far wider and deeper than your current liquidity needs.
Some of the services we can provide…
Lower operating costs with our value-added programs like fuel discount cards, load boards – and manage cash flow with Triumph Insurance Group.
Our freight factoring company can reduce the stress of cash flow constraints. Our decade of work in the transportation industry gives you the peace of mind that you’re working with a company that understands your world. Triumph’s accounts receivable factoring for truckers provides operating cash to keep your freight trucking down the highway.