Freight Invoice Factoring
How Factoring Works:
1. Deliver the load from Point A to Point B
2. Prepare freight bills as you would for your client
3. Submit your invoice along with shipping docs to CFG
4. Receive same-day funding if paperwork is submitted by noon
2. Prepare freight bills as you would for your client
3. Submit your invoice along with shipping docs to CFG
4. Receive same-day funding if paperwork is submitted by noon
Factoring FAQs:
How are fees for factoring services determined?
We calculate each client's fee based on a combination of variables -- volume, credit quality of debtors, advance rate desired. We do not have any minimum volume requirements or hidden fees. We also do not require you to submit all your clients to CFG as you may have a few or several that you would prefer to keep in-house. It is your choice which clients you submit for funding.
How much is advanced?
The typical advance rate is 80-90 percent, but we do fund up to 95 percent based on the variables listed above.
How long does it take to get started?
With no delays, you can get your initial funding from us within 24 hours.
Where and how do I receive my money?
It's simple. Either stop by our office with your invoices and wait in our lobby for a check, or deliver your invoices to us via any method convenient to you including EDI, Email, Fax, Fed-Ex or UPS, U.S. Mail, or leaving your invoices in our drop box. Invoices received by noon will be funded the same afternoon via direct deposit to your bank or fuel account.
How long do I factor for, and can I easily quit factoring?
We have clients that factor for a short period of several months and some that have been with us since nearly our company's beginning. No matter the duration, we are committed to making any transition to and from us as seamless as possible.
We calculate each client's fee based on a combination of variables -- volume, credit quality of debtors, advance rate desired. We do not have any minimum volume requirements or hidden fees. We also do not require you to submit all your clients to CFG as you may have a few or several that you would prefer to keep in-house. It is your choice which clients you submit for funding.
How much is advanced?
The typical advance rate is 80-90 percent, but we do fund up to 95 percent based on the variables listed above.
How long does it take to get started?
With no delays, you can get your initial funding from us within 24 hours.
Where and how do I receive my money?
It's simple. Either stop by our office with your invoices and wait in our lobby for a check, or deliver your invoices to us via any method convenient to you including EDI, Email, Fax, Fed-Ex or UPS, U.S. Mail, or leaving your invoices in our drop box. Invoices received by noon will be funded the same afternoon via direct deposit to your bank or fuel account.
How long do I factor for, and can I easily quit factoring?
We have clients that factor for a short period of several months and some that have been with us since nearly our company's beginning. No matter the duration, we are committed to making any transition to and from us as seamless as possible.
8970 West 35W Service Drive NE, Suite 100, Blaine, MN 55449 Phone: 763-780-1527 Email: info@conceptfinancial.com