FACTORING and FUNDING AVAILABLE for YOUR BUSINESS. SPECIALIZING in TRUCKING.
We have over 100 years experience providing transportation companies with a continuous source of working capital based on current, creditworthy freight bills. Here is OCF's freight bill flat rate program for fleet's factoring loads of approximately $75,000/mo:
Fee: 3.0% 0 - 60 days from date of funding
Fee Rebate: The above fee will be rebated if the following criteria are met in a calendar month:
Amount Funded Rebate
$100,000 - $199,999 0.5%
$200,000 or greater 1.0%
Advance Rate: 93-95% of the gross invoice amount
Net Reserve after fee: 2-4%
Setup/Minimum Fee: None
Our features and benefits:
24 hour funding on approved invoices to creditworthy customers
You select the accounts for funding (no need to factor Quick Pay Accounts)
No charge funding by direct deposit at these Banks:
Bank of America, Wells Fargo, Key Bank, US Bank, Washington Mutual
Funding by wire transfer to any bank or fuel account @ $9/wire
24/7 Online Account Access (updated daily)
Free credit checking on new and existing accounts
Free collection follow up factored invoices
Free invoice mailing to your customers
Customer payments applied same day of OCF receipt (No float time)
90 day contract
Seventy Five day recourse
Clients work with one dedicated, experienced account administrator
7+ years average experience with OCF per account administrator
Over 100 years of freight bill factoring experience
Client references available
To get started, contact to complete the application fax back once received. info@rbsmallbizfunding.vpwebmail.com
of Incorporation or LLC Organization
2. Authority
3. Certificate of Insurance
4. Accounts Receivable Aging
5. Sample Invoice with corresponding Load Confirmation and Bill of Lading
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