Aspire Funding Group, LLC

6725 West Central Ave.
Suite M315
Toledo, OH 43617
tel
419-754-2006 fax
info@aspirefundinggroup.com

Factoring - Accounts Receivable for Truckers - AR Financing

Product: Accounts Receivable Financing

What is Transportation Accounts Receivable Financing?

With decades of experience in the transportation finance industry, our Funding Partner knows the financing needs of your business. Their experienced team can work with you to design a custom solution for your individual cash flow needs. The broad knowledge of our transportation funding professionals allows us to give your company the financial guidance you need to manage your accounts receivables financing (also known as Factoring). Whether your company is dealing with the high cost of fuel, increasing labor costs, or just experiencing growing pains, our funding partner has the AR Financing and funding solutions to help your company operate more efficiently and effectively.

The right partner for your growing funding needs
Whether you are a start-up company or an established transportation firm, our Funding Partner will work with you to develop the right options for effectively managing your cash flow.

We offer the following benefits to our Transportation Funding clients:

  • Immediate and flexible funding options
  • Competitive rates and simple fee structure
  • Instant online credit request
  • Driver payroll cards
  • NO long-term contracts
  • NO minimum monthly fees
  • NO hidden fees
  • Superior customer service
  • Easy access to upper management
  • Fast turn-around on all funding requests
  • Online real-time reporting
  • Unique TPG PrimeDirect Fuel Card Program
  • Same day credit
  • FREE credit checks
  • Funding for US and Canadian companies
  • Option of Recourse or Non-Recourse Program

How It Works

  • All invoices and supporting documentation is submitted to the Funding Source and the advance amount is calculated and paid to the client.
  • As invoices are mailed to customers, they are simultaneously communicated to the Funding Source (along with supporting documentation); again, client is advanced accordingly.
  • The customer will be sent communication that all Accounts Payable are to be mailed to a drop box.
  • As the Accounts Payable arrives at the drop box the account balance is paid back.
  • A fee is assessed on the number of days the invoice is outstanding.
  • The client has the ability to choose what invoices they want to submit for financing.
  • The client has the choice to stop the Accounts Receivable financing at any time or only use it for certain invoices.

Features and Benefits

  • Aggressive advance rates
  • Quick turnaround
  • Competitive pricing
  • Simplified approval process
  • Funding in 15-25 days (typical)
  • Same-day cash availability
  • Recourse or non-recourse funding is immediately available
  • Quick and efficient invoice collection
  • Real-time web reporting
  • Individual or batched invoicing
  • Flexible plans customized for you
  • Credit management
  • Credit investigation/approval
  • Risk management to avoid bad debt
    • Receivables bookkeeping
    • Cash management

Industries We Specialize In:

Transportation, Manufacturing & Personnel Staffing Industries:

Our funding group has decades of experience in the transportation, manufacturing and personnel staffing industries and understand the financing needs of these industries.

Funding Range

From $25,000 to $3 Million (larger amounts possible)

Immediate cash is available for invoices. Same day availability for cash based on collections

Advance Rates

Our funding group offers up to an aggressive 90% advance for transportation companies. Example: $100,000 in Accounts Receivable equals $90,000 immediate cash advance.

If your business is in the manufacturing or personnel staffing, please email us to find out what advance percentage your business may qualify for.