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  • Freight /invoice Factoring Short Form

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FREIGHT /INVOICE FACTORING SHORT FORM Company Information Contact Name: Title: Legal Business Name: Trade or d/b/a Name(s): Address: City: State: Zip: Phone: Fax: Email Address: Type of Entity: Corporation.

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Factoring rates for trucking companies typically fall between 1% and 5%. Again, these rates will vary depending on things like the industry, the volume, how many and what types of customers you have, etc.

RTS Financial is a factoring company that provides working capital solutions to businesses across multiple industries, primarily trucking and oilfield services.

There are two types of freight factoring - recourse and non-recourse.

The industry standard for most factoring agreements is a one-year contract. With most factors, that contract will automatically renew unless you give the company a 60- or 90-day notice.

This starts at 1.25%, but might be a bit higher based on various factors. So for example, if you factored an invoice worth $5,000 with TBS Factoring, and your customer took four weeks to pay TBS, your final percentage owed would be 5%, or $250 of the total $5,000.

RTS Financial's customized financial solutions immediately increase your cash flow without increasing your debt. Instead of waiting 30, 60 or even 90 days on customer payments, you receive funding on your invoices within 24 hours from RTS Financial.

Freight factoring, also known as trucking factoring, takes the invoices for the loads that you run and allows you to get paid on them now Instead of waiting for 30, 60, or even 90 days for a load to be paid out. This allows an influx of working capital to keep the business in motion in between invoice payouts.

Once you've decided to leave your current factor, you will need to give notice. All factoring companies require written notice to terminate the contract. The expectation is usually 30 – 60 days prior to the renewal date.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232