News / Business
Accutrac Launches Enhanced, Yet Simplified, Financing Solutions for Truckers
Why customize products for the trucking industry?
“The trucking and transportation industry plays a critical role in the economic ecosystem in the U.S. and Canada. Yet, it’s one of the toughest industries for obtaining traditional financing,” says Sheppard. “We’re building our alternative financing products to change that. In the past, Accutrac’s founders operated our own successful trucking business. We know the challenges trucking and transportation companies face. Our goal is to supply the cash flow solutions that allow trucking and transportation businesses across North America to grow and thrive.”
Simpler, faster, easier access.
Accutrac’s flat fee factoring for trucking and transportation companies, like its name implies, is a simplified form of factoring where the fee is quoted upfront, all in. Period. It’s easier to monitor and simpler to manage and predict cash flow. Electronic submission of paperwork, with no originals required, substantially reduces the time it takes to access cash. It’s as simple as drop a load…electronically submit paperwork…get paid through electronic funds transfer.
Additional products to make a trucker’s life easier.
Load Advances: “We recognize that waiting until you’ve delivered a load may still be too long when cash flow is a challenge,” says Sheppard. “That’s especially true when your trucking company is growing rapidly and you need cash to finance that growth, and deliver the next load. Accutrac offers a Load Advance where truckers can get up to 50% of the value of their contract, before the load is delivered. That means cash to pay for fuel, salaries and day-to-day operating expenses.”
Fuel Cards: Accutrac’s trucking Fuel Cards provide substantial savings with considerable discounts at major fuel centers across the U.S. and Canada. Much like a personal ATM/debit card, funds can be securely added, allowing drivers to pay expenses while on the road. Trucking companies reduce their fuel costs, while eliminating the need for drivers to carry large amounts of cash. Reporting and controls make Fuel Cards secure and a great tool for monitoring usage.
About Accutrac: Accutrac Capital is one of North America’s leading alternative factoring companies. The US division of Accutrac is headquartered out of Fresno, California. Accutrac’s Canadian division is headquartered in Orillia, Ontario. Accutrac offers factoring, freight factoring, alternative financing and related products for the trucking industry, purchase order financing and accounts receivable management solutions to help businesses across the US and Canada keep their cash flow healthy.
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