Once you have delivered
a load and are now in possession of the signed
delivery receipt you are now ready to bill you
customer. Instead of sending the bill to your
customer and perhaps waiting 30 days before receiving
payment, you send the invoice and delivery receipt
to UC Factors. Immediately upon receipt UC Factors will advance
you between 80%-90% depending on monthly volume.
UC Factors then places an assignment stamp on your
invoice which advises your customer that invoice
is assigned and must be paid to
UC Factors and we forward the
invoice to your customer. Once the check has been received
UC Factors immediately calculates the remaining 10%-20% due
you and it is paid to you minus a factoring charge
based on the length of time your customer takes to
pay the invoice. Full rate schedules can be viewed
on the services and rates page.
BENEFITS OF FACTORING WITH
UC Factors
When you factor with us, you are able to get most of
your money every time you unload instead of waiting
30 days or more. This gives you the ability to pay
for fuel and road expenses on your next load and
the next load and never have to shut down waiting
for someone to pay. Factoring with UC Factors also means
you have a highly skilled team of professionals working
for you; handling the credit checking and collection
follow up aspects of your business. The biggest benefit
of factoring is it gives you the cash flow means
to expand your business without having to take on
partners or dilute your control over your business.
Please use this form to generate a preliminary application for our factoring services.
You will be contacted shortly regarding your application.
