$5 Fuel Advance Program for Transportation Factoring
Don’t Be Short on Fuel Needed for your Next Load
With today’s volatile fuel prices and freight rates being pushed downward, having the cash for fuel to haul that next load is critical.
If you are short on cash for fuel, you could miss your delivery appointment on the load you are already carrying or a chance at a higher paying load. These situations could be crucial to the success of your business.
We can help! Our fuel advance program is specifically designed for the owner operator. Some brokers offer an advance program that costs you more than factoring. Most broker charges range from 3% to 10% of the gross amount of the advance or total load amount. Plus, they charge you another fee to issue you a Comchek or TChek.
Our cost is simple . . . 5 bucks! to generate an “express” code to TChek, Comchek, or upload the fuel advance to your EFS fuel card. Once you deliver the load and send in your paperwork for the balance you only pay us the rate for the factoring option you select.
EXAMPLE – Broker Sponsored Fuel Advance
True Cost of a Broker Sponsored Fuel Advance
|Line Haul Rate:||
|Fuel Advance Rate:||
40% or $600.00
|Advance Rate %:||
(Gross Line Haul Rate) 3% $45.00
|Effective Cost of Broker Advance||
Now you have an option to a fuel advance regardless if the load is booked with a broker or shipper. The only exclusion to the program is produce and any type of refrigerated freight.
Call our Sales Department at 866-420-3018 to get setup for factoring and our Fuel Advance Program.