Alexa Certified - Nations Auto Transport

Truck Freight Receivables Factoring

Customer Focused Factoring.

Invoice Factoring for Trucking Companies

USTFP 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 from USTFP.

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Keep it Simple with USTFP

  • Same-day funding
  • Competitive advance rates of as much as 97% with no hidden fees
  • Fuel card program with significant discounts on diesel, maintenance, tires and more
  • Free collections and other back-office services
  • Online account access and easy uploading of documents
  • No limits on funding as your trucking fleet grows
  • Trucking software for accounting, dispatch, maintenance, safety and more

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Customer Focused Factoring.

Factoring for Oilfield Services

USTFP 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, USTFP’s same-day funding solutions enable welding, trucking, drilling and other oilfield services companies to meet expenses and grow at a faster pace.

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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.

  • Financing Working Capital Needs
  • Speed to deal – factoring set up and processing can be faster
  • Startup Businesses have limited credit and traditional financing options
  • Business Growth may outstrip current credit availability
  • Cash Flow with no debt on books, no equity to give up, not mezzanine, not management intrusive and fee transparency
  • Bridge Financing
  • Realization of Supplier Discounts
  • Preparation for High Season or higher volumes
  • Crisis Management
  • Debtor-in-Possession (DIP) Financing

Understanding Factoring

A Multi Faceted Customer Approach

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.

Keep it Simple

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

  1. Speed to deal – understanding the marketplace means we can move fast.
  2. Competitive rates.
  3. Up to 97% advanced on a customer invoice.
  4. Easy application and set-up process.
  5. No limits to the amount of available funding.

Keep it Simple with USTFP

  • Same-day funding
  • Highly competitive advance rates with no hidden fees
  • Online account access and easy uploading of documents
  • Free collections and back-office services
  • Fuel card program with significant discounts on diesel, maintenance, tires and more
  • No limits on funding as your company grows

Funding for All Types of Oilfield Services

  • Vacuum trucks, flatbeds, belly dumps, pulling units, hot shots, roustabouts and any other oilfield services contractor
  • Companies providing road construction, rig pad preparation, excavating, pipeline services, disposal, site preparation and more
    Links to More Info

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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.

  • Acidizing & Cementing
  • Auto Transport
  • Bulk Material Handling
  • Chemicals/Mud
  • Completion Services
  • Crane & Aerial Lift Operators
  • Crude Trucking Haulers
  • Disposal Wells
  • Drilling Contractors
  • Equipment Rentals
  • Equipment Sales
  • Electrical Contractors
  • Environmental Services & Reclamation
  • Excavating
  • Flat Bed Trucking companies
  • Flowback Testing
  • Frac Services
  • Frac sand Haulers
  • Frac sand/proppants suppliers
  • Gravel Haulers
  • Hot shot Truck companies
  • Long Haul Trucking companies
  • Marine related services
  • Mud Haulers
  • Pipeline construction/ welding
  • Residence leasing
  • Rig maintenance & repair
  • Rig Movers /Riggers
  • Roustabouts/Roughneck crews
  • Security / field Safety
  • Site Preparation
  • Trenching Services
  • Vacuum Trucks, Steam cleaning
  • Water Haulers
  • Wireline Services