Truck Factoring Made Easy for the Trucking Industry.
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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 truck factoring or freight 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.
How do truck factoring companies work?
We’ve been providing truck factoring services for more than 15 years. We work with all major trucking industry providers, – from 1 truck owner operators to 300 truck fleets. Our process is simple and clear, so we can help your business get the cash flow it needs as quickly as possible.
We base our decision to accept the invoices you propose for factoring on your clients’ creditworthiness, not your own.
You send us the invoices, we advance you your funds, then your dedicated account team works to invoice and collect the amount.
Having worked with over 20,000 freight brokers and shippers, we understand special requirements. You move the freight and we’ll get you paid.
With freight trucking factoring services, 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.
It’s your Triumph!
Lower operating costs with our value-added programs like fuel discount cards, load boards – and manage cash flow with Triumph Insurance Group.
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. As a trucking factoring company, 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.
Some of the services we can provide…
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.