Over 22 years of being North America's Leading Factoring Company

Why owner-operators should consider factoring to fund their business?

Owner-operators have a unique set of challenges when it comes to running their businesses. Not only are they relying on themselves for today’s income, but they want to be able to grow and expand their businesses for the future.

It’s not uncommon for owner-operators to experience cash flow problems. Being out of pocket for small and large expenses can be stressful and distracting, which is why you need funding options that are tailored for your company’s needs.

Running a company can be expensive and as an owner-operator, you will often be faced with urgent expenses such as maintenance, repairs, salaries, and fuel. In addition, you have fixed monthly expenses such as insurance and truck payments that you must pay to keep your business afloat. While you might have enough cash and capital to pay your predetermined monthly expenses, what happens when you need to, for instance, make emergency repairs and you’re still waiting for brokers to pay you?

You don’t have to wait for 30 days for payments. Get peace of mind and ensure that unforeseen expenses don’t affect your business by partnering with Interstate Capital and let us pay you for your loads in advance. To find out how affordable this service can be, get an instant factoring quote today.

Why staffing companies should consider factoring services?

If you own a staffing business, then you know that the past few years have changed the nature of the temporary employment industry. Your business has to be flexible and you need to be able to give clients the people they need on the terms that work for them.

At Interstate Capital, we partner with staffing companies who hire all types of workers. When you factor your invoices with us, you can ensure that you are able to make payroll each week while keeping a positive cash flow in your business regardless of how long it will be before your clients pay you.

Some of the benefits of choosing our invoice-purchasing services for your staffing business:

Keep your workers happy: Temporary workers can become very unhappy, very quickly if you’re late with payments. When you factor your invoices, you are able to make sure that your workers are paid on time, every time. Stay current on your payroll, workers’ compensation, insurance premiums, and 941 tax payments without incurring short-term debt.

Keep your clients happy: Factoring services gives you the flexibility to offer more extended terms to potential clients. Instead of being limited to clients who are able to pay right away, with Interstate Capital you have the flexibility to broaden your customer base and bid on jobs that not every staffing company would be able to take.

Wondering if it will work for you to factor your receivables?

Motor Carriers: How to get more working capital for your business with factoring?

Factoring accounts receivable is the ideal solution for motor carriers who want to get more working capital for their businesses. While many different industries use factoring, this funding solution is particularly well-suited to the transportation industry for a number of reasons:

You wait longer to get paid. Brokers and shippers often pay in 30 to 60 day cycles, which means you’re out of pocket for services that you’ve already delivered.

You’ve got ongoing monthly expenses: Your trucks are on the road and you need to pay for fuel, truck maintenance, salaries and other monthly expenses.

Unexpected emergencies tend to be expensive: If a vehicle breaks down, you are facing a major expense.

The need for a positive cash flow: As a motor carrier with fixed expenses, you need to ensure that your business has a positive cash flow all year round.

Factoring is commonplace in the transportation industry, but many motor carriers don’t consider this as an option for them until it is too late. When you partner with Interstate Capital, you receive up to 50% of your payment as soon as you load your truck – and the rest as soon as your delivery is complete.

Interstate Capital’s factoring programs include a long list of unique features including rates starting at just 0.49% per invoice, advance rates up to 100%, same-day funding, 24/7 automatic credit approvals, fuel advances (for motor carriers), professional collections, and much more.

Set-up is always fast and easy. There is no application fee and most companies will qualify for an instant online proposal in under 2 minutes just by completing the Instant Factoring form on this page. If you like what you see in your proposal, just click on the application link in your proposal and you’re on your way to fast funding.

Today, the Interstate Capital group of companies employs more than 85 dedicated professionals, and has successfully funded over 6,000 motor carriers, freight brokers, manufacturers, staffing services, oilfield service, and other service businesses for over 20 years"

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