We keep you running without the hassles!
You stay on the road, we stay on the receivables!
Transportation Financing
Factoring is the process whereby a company sells its accounts receivable to a factor at a discount and receives cash. Transportation financing provides quick liquidity to your business for growth or on-going operations. As a source of funds, factoring is easier than going to a bank for a commercial loan. A bank has many financial requirements that most small businesses do not meet, typically requires a 60-day application and approval process, and provides a limited line of credit. With your cooperation, a financing arrangement can be reached in days and the amount you can factor is unlimited, based on the credit worthiness of your accounts receivable.
Up to 95% Advances:
At HRH Funding we are committed to bringing you one of the highest advance rates in the industry. For our qualified applicants Our Small Fleet Factoring Program offers you a 95% advance rate to provide you with as much working capital up front as possible.
24 hour Funding:
Immediate Cash flow to meet your needs on a CONSISTENT basis. No more waiting 30 to 60 days to get paid. We will send you money directly to your bank account.
Full Service Credit Department:
Our Credit Department provides accurate and up to date credit information on customers you want to do business with. They provide Credit Monitoring and Updating by gathering credit information from a variety of credit sources.
When you want to do business with a new customer, we conduct bank and trade reference checks as well.
Billing Follow up Services:
We do all the billing follow up for you. From the time you fax us your paperwork, your account manager is hard at work, saving you time and money by following up with your customers. Virtually no more collection calls – this is taken care of for you. We even fax account statements to your customers. These methods are designed to identify potential payment problems and eliminate delays in payment.
- Flat Fees
- No Monthly Minimums
- Flexible terms and contracts
- Fuel Cards
- Discount overnight service
- Professional collection
- No hidden fee's
Freight Factoring Company FAQ's
Q: What is factoring?
A: To sell a bill of lading, for instant CASH!
Q: When do I get CASH for my bill of lading?
A: Cash is deposited directly into your bank account – the same day we receive your bill of lading.
Q: How much do I get paid for my bill of lading?
A: We pay you 95% for your bill of lading, when we receive payment we forward you 5% minus our minimal flat fee.
Q: Is your freight factoring program non recourse?
A: Yes, of course!
Q: What is non recourse factoring?
A: Never worry about a broker not paying – we assume all the credit risk!
Q: How many bill of lading's do I have to factor each month?
A: No volume requirements for factoring, use us only when you need us.
Q: How long am I contractually bound?
A: You are not contractually bound to us for any length of time, leave us whenever you want!
Q: Do I have to factor every broker I do business with?
A: No, we only factor on a “broker by broker” basis, so factor only the brokers you want.
Q: Do you offer fleet cards?
A: Yes and our fleet cards are accepted at over 10,000 truck stops nationwide.
Q; Do you buy bill of lading's from every broker?
A: Yes, as long as they meet our credit standards (over 100,000 brokers approved)
Q: How do I know which brokers meet your credit standards?
A: Sign-in to our website and check the broker’s approval status instantly – free service!
Q: Are there any fees to set-up a factoring account?
A: No, just a one time UCC state filing fee.
Q: How much is the UCC state filing fee?
A: It varies from state to state (minimal amount).
Q: How & when do I pay for the UCC state filing fee?
A: We simply deduct it from the 1st bill of lading that we buy from you. No up front payments.
Your Name
Company Name
Type of Business
Ph #
E-Mail
How Much do you wish to factor monthly?
How much outstanding?
Avg. Monthly Sales?
Additional Questions
- Fuel Cards
- Discount overnight service
- Professional collection
- No hidden fee's
We keep you running without the hassles!
You stay on the road, we stay on the receivables!
Trucking
Transportation
Shipping
856-690-1695
Trucking
Freight-Transportation
Freight Bill
"Invoice Factoring"
Lowest Rates in the Industry
CALL
856-690-1695
Fax: 609-939-0573
HRH Funding Solutions
1271 N. Orchard Rd.
Vineland NJ 08360
From 1 to 100, whatever size your fleet may be, we can finance you!.
Unlimited Working Capital
Give Us Your 10-4 We'll Give Ya a Call
Free Rate Quote
Transportation Financing
"Invoice Factoring"
Freight Bill Financing
HRH Funding Solutions
Helping Business Growth Since 2002
