Invoice Factoring for truckers

USTFP

Customer focused factoring

Trucker$ave provides excellent factoring solutions from an industry-leading factoring provider that helps trucking companies meet expenses like payroll, fuel and maintenance that cannot wait for a customer payment. Instead of waiting 30, 60 or even 90 days to get paid, you receive funding on your invoices within 24 hours.

Keep it Simple with Truckersave

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Same-day funding

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Highly competitive advance rates with no hidden fees

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Online account access and easy uploading of documents

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Free collections and other back-office services

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Fuel card program with significant discounts on diesel, maintenance, tires and more

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No limits on funding as your company grows

USTFP

oilfield service factoring

USTFP

Trucker$ave provides excellent factoring solutions from an industry-leading invoice factoring provider that helps oilfield services companies of all sizes quickly increase cash flow without taking on debt. As the oilfield market continues to expand, Trucker$ave’s same-day funding solutions enable welding, trucking, drilling and other oilfield services companies to meet expenses and grow at a faster pace.

Funding for All Types of Oilfield Services

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Vacuum trucks

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Flatbeds

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Belly dumps

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Rig pad preparation

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Pulling units

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Hot shots

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Roustabouts

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Other oilfield services contractor

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Companies providing road construction

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Excavating

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Pipeline services

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Disposal and more

Keep it Simple

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After you have completed the service and can send invoice to your buyer, advances up to 97% of the invoice value can be provide via wire or low – cost ACH within 24 hours.

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Competitive rates

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Up to 97% advanced on a customer invoice.

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Easy application and set-up process.

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No limits to the amount of available funding.

Customer Focused Factoring

Given the current state of oil prices, many large energy companies and service providers have further extended their payment terms in order to conserve cash. This also comes at a time when financial institutions have begun to shy away from new energy lending and have in some cases begun shrinking or exiting their exposure to Oil Field Service Company credits. This is not a complete list; however, it covers a majority of the companies that should consider whether factoring their receivables can provide them the cash flow they need and to fund expansion opportunities. We invite your interest in our solutions.

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Acidizing & Cementing

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Auto Transport

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Bulk Material Handling

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Chemicals/Mud

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Completion Services

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Crane & Aerial Lift Operators

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Crude Trucking Haulers

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Disposal Wells

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Drilling Contractors

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Equipment Rentals

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Equipment Sales

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Electrical Contractors

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Environmental Services & Reclamation

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Excavating

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Flat Bed Trucking companies

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Flowback Testing

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Frac Services

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Frac sand Haulers

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Frac sand/proppants suppliers

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Gravel Haulers

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Hot shot Truck companies

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Long Haul Trucking companies

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Marine related services

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Mud Haulers

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Pipeline construction/ welding

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Residence leasing

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Rig maintenance & repair

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Rig Movers /Riggers

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Roustabouts/Roughneck crews

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Security / field Safety

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Site Preparation

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Trenching Services

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Vacuum Trucks, Steam cleaning

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Water Haulers

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Wireline Services

Why People Factor

Your company’s needs and opportunity for capital are unique. Clients need funding for a wide range of uses and each company has its own diverse background.

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Financing Working Capital Needs

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Speed to deal – factoring set up and processing can be faster

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Startup Businesses have limited credit and traditional financing options

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Business Growth may outstrip current credit availability

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Cash Flow with no debt on books, no equity to give up, not mezzanine, not management intrusive and fee transparency

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Bridge Financing

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Realization of Supplier Discounts

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Preparation for High Season or higher volumes

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Crisis Management

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Debtor-in-Possession (DIP) Financing

Understanding Factoring

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Solutions that can advance cash on your Trucking and Oil Field Service company’s invoices within 24 hours. Factoring, also known as “accounts receivable financing,” gives your company quick access to working capital. This allows you to meet your immediate cash flow needs.

Simply stated, Accounts Receivable Factoring, (AR) is where a third-party funding source, the Factor, buys a company’s accounts receivable in exchange for the company receiving immediate cash. From an accounting view, the company has now replaced the current asset known as accounts receivable with cash. There is no effect on the balance sheet other than to re categorize current assets. Factoring does not increase a company’s debt, there is no equity created or given up, there is no mezzanine financing and no intrusive new management. AR financing is done to expedite and improve a company’s cash flow. Factoring is usually done either as recourse or non-recourse factoring. Recourse Factoring means if the Factor is not paid back on the original invoice the Factor purchased, the Factor resells the invoice back to the original seller, (company). In some cases, the Factor may further require a notice of assignment be executed in favor of the Factor in order to notify the marketplace that the Factor has taken a security interest in that invoice and that the invoice is now to be paid by the buyer (debtor) direct to the Factor.

TERM FINANCING

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Term Finance Solution Alliance Options from $5,000 to $5,000,000

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Available from multiple sources for your other business needs

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When factoring is not enough or desirable

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Rent to own truck and trailer solutions

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Speed to decision – faster than most credit applications

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Term and revolving lines $5,000 to $5,000,000

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Terms from a few months to a few years

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Longer payback period with competitive rates

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Financing longer term assets

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Trucks, Trailers, Plant, Equipment

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Project Financing

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Large Repairs not budgeted for in cash flow

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Larger than expected expenses such as insurance, tolls, permits, licenses.

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Insurance and Discount Batteries

Our alliance insurance partners maintain relationships with a diverse portfolio of companies in the transportation space to help our customers with insurance and risk financing options to lower their ultimate “COST OF RISK”. Our lines of competitively priced insurance coverage include.

Primary Liability

Non-Truck (Bobtail)

Workers Compensation

General Liability

Occupational Accidental

Property and Terminal Insurance

Cargo

Physical Damage

Excess Liability

USTFP

Other Insurance Related Services

Policy Reviews for proper coverage for your operation

Retention analysis and recommendations

Partners have experienced safety consultants in house whose services include:

Loss review and analysis

Federal Motor Carrier Safety Administration Regulations

CSA (Compliance, Safety and Accountability) score and trend analysis for improving scores

Driver Training and Education process review during orientation and ongoing

Safety Program Assessment and recommendations for improvement

Claims Advocacy Services

Pre/Post Claims Management

Special Handling

Open Claim Management and Monitoring

Analysis of “Mods” and Return to Work Considerations

Claims Advocacy

Claims Stewardship Reports