What Sets the Best Freight Factoring Companies Apart?
If you want to work with one of the best freight factoring companies, DB Squared should make your short list; here’s why.
Working with one of the best freight factoring companies can help you grow your business to the next level more quickly.
At DB Squared, our goal is to help our clients build their business from where it is today to where they want to be tomorrow. We approach each new client relationship with a view to the long term and we look beyond credit scores and asset lists to see the big picture — and that’s just the tip of the iceberg!
Here are some of the reasons you should consider factoring freight invoices with DB Squared:
Our Clients Stay in the Driver’s Seat
No minimum factoring requirements. Unlike other freight factoring companies, we do not require factoring clients to factor a minimum number or dollar amount of invoices with us each month. In addition, you have the option to retain control of sending invoices or you can turn the work of generating and mailing invoices to us – the choice is yours!
No long term contracts. Many receivables financing companies require clients to commit to long term factoring contracts – not us! We want to earn your repeated business and referrals through our performance as your freight factoring company of choice.
Freight Factoring Fees as Low as 1% and Advances Up to 98%
Freight factoring rates from 1%. We know that the cost of factoring is not your only consideration, but it is usually among the top considerations when comparing the best freight factoring companies. Our freight factoring fees usually range from 1% to 5%. Low cost receivables financing is available to trucking companies at DB Squared!
High factoring advance rates – up to 98%. The point of financing accounts receivable invoices is to gain access to money that your trucking business has already earned, but is tied up in accounts receivable invoices. Our freight factoring advances usually range from 85-98%. Companies factoring freight invoices with DB Squared get fast access to up to nearly all of the face value of invoices factored with us.
Use our invoice factoring calculator to find out how much working capital you could unlock by factoring freight bills with us or request a quick quote and get answers in 24-48 hours.
Non-Recourse Freight Factoring
The benefit of factoring freight invoices with a non-recourse trucking factor like DB Squared is a lower financial risk for you as our client. Companies that finance receivables with full recourse factoring companies may be required to buy back an invoice, plus pay any additional fees incurred in the course of collections, if your customer cannot pay for credit reasons or simply does not pay the invoice within a certain amount of time.
As a top non-recourse receivables financing company serving the transportation industry, we assume the credit risk for the freight bills we purchase, so you can reduce – or even eliminate – your company’s financial risk from bad debt by factoring with us.
Service Sets the Best Freight Factoring Companies Apart
We understand that customer service — the way clients are treated day in and day out — is really what sets the best freight factoring companies apart.
We pride ourselves on our high level of professional customer service and we rely on our service and performance as your freight factor to earn us your continued patronage and referrals. We also extend this same high level of personal, professional customer service to our interactions with your customers with the goal of creating positive long-term relationships.
Are you ready to work with one of the best freight factoring companies?
Finding out how factoring freight invoices with DB Squared would benefit your trucking business costs you nothing – but waiting can cost you time and money.
Get started today by requesting a no-cost, no-obligation factoring quote or contact us at 866-855-3640 for more information.