Case study: How Factoring Would Work for a Small Fleet Owner

Maybe you come from a steady 9 – 5 job environment, own a single truck or a small group of trucks. Regardless of where your business is at present, you’re still growing and managing your own small fleet.

While large trucking companies have the backing of insurers, a steady client log book and a dedicated credit collector within the company, you’re probably focusing more on ensuring that your clients are satisfied and that your trailers are loaded when they need to be. One of the challenges that you might be struggling with, however, is making sure you’ve got a positive cash flow in between client payment cycles.

Freight factoring is ideal for small fleet owners because it gives you more leeway to deal with expenses such as rent, salaries, vehicle maintenance and other overheads as well as fixed expenses during the periods that you’re waiting for clients to pay their invoices. This gives you more time to focus on handling the day-to-day issues, finding profitable loads and building your fleet.

At Interstate Capital, we help small fleet owners by making sure that a delay in payments doesn’t hold them back. Small fleet owners generally don’t have a large cash reserve, which can mean that you won’t be able to take on more jobs and loads until your clients have paid you for jobs that have already been completed. When you partner with us, you will receive an advance on your invoices so that you don’t have to wait months to get paid (you get paid very shortly after the job is completed).

Wondering if freight factoring can work for you? Get an instant factoring quote

About Interstate Capital

Interstate Capital Corporation saves you time and money by speeding up your cash flow, increasing your profitability, and growing your business. Formed in 1993 in Santa Teresa, New Mexico, Interstate Capital originally focused its factoring business in the apparel and "maquiladora" industries in the US-Mexico border states. Interstate Capital expanded in the mid-1990s throughout North America and into the transportation, manufacturing/wholesale distribution, oilfield service and staffing industries.

Today, the Interstate Capital group of companies employs more than 85 dedicated professionals and has successfully funded over 8,000 motor carriers, freight brokers, manufacturers, staffing services, oilfield service, and other service businesses since its founding. With locations in California, Texas, and New Mexico, Interstate Capital purchases nearly $1 billion dollars of invoices annually from thousands of clients located throughout North America.

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