Helping Businesses Grow Through Accounts Receivable Factoring

With an emphasis on quality and steady growth, TransAm Trucking has become one of the top carriers in the country. This success has allowed TransAm to use its strong financial position to create new ways to help other businesses meet their cashflow needs. One way is with TransAm Financial Services, which through factoring offers businesses alternatives to bank financing.

Factoring is the conversion of a company's accounts receivable into cash by selling their outstanding invoices to a "factor." Rather than waiting for their customers to remit payment based on 30, 60 or 90-day terms, TransAm Financial Services quickly advances a percentage of the invoice to the business, then bills and collects payment from the customer. This steady cash flow helps fund critical business expenses such as payroll, fuel, insurance and maintenance.

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TransAm Fuel Card

Businesses that factor with TransAm Financial Services have access to the TransAm Fuel Card -- the premier fuel card in the trucking industry. Competing fuel cards have high transaction costs and typically only offer carriers small discounts, if any, off the price of fuel. The TransAm Fuel Card gives very low transaction costs and a significant discount off the cash price of fuel. Many of your business's factoring costs can be offset by using the TransAm Fuel Card.

No Overnight Fees

TransAm Financial Services, unlike most other factoring companies, will buy your invoices from scanned or faxed copies the day we receive them. When the work is complete, simply Transflo, e-mail or fax your paperwork to your dedicated Account Administrator for same-day funding. Think about how much you will save in overnight costs alone!