At Apex we make it easy and convenient to check credit on a broker or shipper that you want to haul for.You can use AMP, the Mobile Factoring™ App, email Apex, fax Apex, or call Apex.Your account executive will be with you every step of the way to help you manage your factoring account.
At Apex we make it easy and convenient to check credit on a broker or shipper that you want to haul for.
Most commonly, factoring is performed through third-party financial institutions, referred to as factors.
Factors often release funds associated with newly purchased accounts receivable within 24 hours.
We have tools and services to provide value to all trucking companies. Freight factoring is about having ready funds for fuel, payroll, repairs, and more.
Whether you’re trucking company is large or small, new or experienced, and especially for those hauling any type of freight you can benefit from the legendary service Apex provides to help you grow and thrive. Factoring is an easy way to manage cash flow for your trucking company.
Assume a factor has agreed to purchase an invoice of $1 million from Clothing Manufacturers Inc., representing outstanding receivables from Behemoth Co.
The factor negotiates to discount the invoice by 4% and will advance 0,000 to Clothing Manufacturers Inc.There are three parties directly involved a transaction involving a factor: the factor A factor allows a business to obtain immediate capital based on the future income attributed to a particular amount due on an account receivable or business invoice.Accounts receivable (AR) function as a record of money customers owe for sales made on credit.At Security Business Capital, we continue to refine our quality, expand our capabilities, increase our efficiency, and elevate the superior level of customer service we now provide to heighten the standard of excellence we continue to set as one of the best invoice factoring companies.We offer our customers the best possible service and support while supplying them with the cash flow solutions through factoring they need to grow their business. "Security Business Capital is a vital part of our business operations and expansion into the future growth of the oil and gas industry. Their attention to detail, team mentality, and always being available along with their vast knowledge of the industry, is what makes our day to day business operate smoothly.Checking credit on all your customers is always highly encouraged.This is the best way to get the most up to date information so you can determine who you want to haul for and how much you are comfortable hauling.Repayment terms can vary depending on the amount involved.Additionally, the percentage of funds provided for the particular account receivables, referred to as the advance rate, can also vary.We need your freight invoice, proof of delivery (POD) or bill of lading (BOL), rate sheet, and any other paperwork for loads you haul.Our team will process every invoice so you have access to them 24/7 on our free account management portal. We offer same-day or next-day funding options via ACH, wire, check, or Comcheks directly to your Apex fuel card.