When you factor with TBS, you know you're getting the best rate
For over 50 years, TBS Factoring has helped truckers operate their businesses and get paid. Enjoy a wealth of benefits such as competitive rates, expert service, fuel advances, discount fuel cards, mobile payment capabilities, & more!
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For any trucking business that is looking to maintain a healthy cashflow, understanding freight factoring rates is of the utmost importance. Freight factoring allows owner-operators and businesses to access their funds immediately by selling their invoices to a third party, but the cost of this service can vary depending on your partner. Typically, factoring companies will charge a percentage of your client’s invoice, also known as the discount rate, which will vary from customer to customer based on credit, contract terms, and invoice volume. While factoring industry rates primarily range from 1-5%, hidden fees can make it almost impossible to determine the true expense to your business. Without a clear understanding of these expenses, owner-operators and businesses may end up impacting their bottom line more than they originally thought.
When you work with TBS Factoring, you will always get the most value from your invoices because of our competitive and transparent rates with absolutely no hidden fees. TBS will always provide low, fixed rates to give you the confidence you deserve when planning your finances. Additionally, we prioritize clear agreements with no surprise charges like monthly minimums or transfer fees. Partner with TBS today for fair prices and straightforward services so you can focus on growing your business.
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