Trucking companies and owner-operators need a one-stop shop for all of their needs. Why juggle financing, insurance, dispatching, equipment, fuel discounts, and more between various companies at different rates? At Single Point Capital, our combined experience and deep connections in the trucking industry allow us to cover all of your needs from your laptop or your phone.

Launching Your Own Trucking Company

Supply line issues have revealed major gaps between large carriers and local shippers/customers. At the same time, more owner-operators are looking to pivot away from hauling to launch their own trucking companies. Yet to get from Point A to Point B, entrepreneurs need to know which permits to get, how to navigate the bureaucracy, and position themselves to start making revenue right out of the gate. Single Point Capital has a start-up program available to any owner-operator who takes advantage of our freight bill factoring. We will help you launch your business and waive any administration fees so you can focus on running your business instead of dealing with red tape.

Freight Bill Factoring

One of the biggest issues facing trucking companies and owner-operators is cash flow. Shippers, wholesalers, and private customers can take 30, 60, or even 90 days to remit payment on their invoices. Single Point Capital specializes in freight bill factoring, and we will turn unpaid invoices into cash within a single day. Trucking companies and owner-operators can submit documentation electronically via email or through the Single Point App to get the process started. We can make funds available in any form you need to accelerate your cash flow so you can cover expenses and build up capital for growth. Our factoring services are fast, and transparent, and allow fleets and owner-operators to pivot away from debt-based loans.

Fuel Discounts

Exactly one year ago, the trucking industry was in an uproar over prices at the pump, even as costs were coming down for unleaded vehicles. It was only months later that it was revealed that fuel companies were keeping prices high to increase their own profits, and keeping the trucking industry on a short leash in the process. Single Point Capital offers steep fuel discounts at the pump, as well as wholesale purchases. Our fuel discount program is available at over 3,000 locations nationwide, and trucking companies can keep track of their drivers’ spending. Our fuel program also offers great discounts on other trucking supplies and equipment.

Dispatching

Both new and existing trucking companies need to find loads to keep revenue coming in and to expand their operations. Single Point Capital has long-standing relationships with dispatchers and load boards. Beyond that, our experience allows us to negotiate top rates, whether you are looking for local or interstate hauls. Our dispatching and logistics services will keep you moving while optimizing revenue. Single Point Capital will handle everything from route planning to credit checks on your customers, documentation, and more.

Trucking Insurance

Insurance remains one of the biggest challenges facing trucking companies and owner-operators, and it is a tall hurdle to clear for new trucking companies. Finding coverage for vehicles, cargo, and drivers at affordable rates can seem impossible. For these reasons, Single Point Capital provides trucking insurance to our clients. In addition to the best rates, we also offer a deferred down payment program to offset the upfront costs associated with trucking insurance. We will pay up to 50% of the initial cost and then spread out the balance. Repayment comes from a percentage of the invoices you factor with us until the balance is repaid. Our trucking insurance, combined with our deferred down payment program, allows new and existing trucking companies to get the coverage they need without breaking the bank.

Single Point Capital is committed to providing the trucking industry with a one-stop shop for everyone’s needs. From freight bill factoring to logistics, insurance, fuel discounts, and more, we strive to keep fleets and owner-operators rolling. We are always improving and adding services, so do not hesitate to contact us if you need a solution. Our personal account managers are always here to answer your questions and structure customized programs tailored to your needs. To learn more about our services, contact the team at Single Point Capital today.