We provide comprehensive factoring for trucking companies in Oklahoma City, OK.
Factoring for Trucking Companies in Oklahoma City, OK
Oklahoma City is home to a very large segment of the trucking industry. In addition to the Oklahoma Trucking Association, Oklahoma City is a major hub for interstate freight routes. At Single Point Capital, we provide comprehensive freight factoring services for trucking companies of every size, as well as owner-operators in Oklahoma City. Our commitment to fast turnaround times on receivables and services that go beyond cash flow solutions have made Single Point Capital a leader in the industry.
Cash Flow Solutions for Oklahoma City Trucking Companies
As the rate at which we do business increases steadily, invoices are still issues with payment schedules of 30, 60, and even 90 days. For trucking companies and owner-operators, waiting on payments from brokers and direct clients can place a strain on cash flow. Gaps in revenue can prevent trucking companies from making payroll, keeping fuel tanks filled, and paying general overhead expenses. Single Point Capital offers a solution with our freight factoring services. When a job is completed, just submit your invoice to us and we will make funds available within a single day. We can handle receivables of any size and send your invoice via wire transfer, ACH, or any other established method that works best for you.
Streamlined Financing and Accounting
Freight factoring helps to streamline financing and accounting processes for trucking companies and owner-operators in Oklahoma City. When there are gaps in revenue due to staggered payment schedules on invoices, trucking companies often resort to short-term loans or other debt-based financing. Freight factoring from Single Point Capital doesn’t place any debt on the books and allows trucking companies to preserve their credit ratings. Additionally, our fast turnaround on invoices means receivables never have to age out to collections ever again. Our freight factoring services boost cash flow, reduce or eliminate the need for loans, and they remove the need to perform collections. Local trucking companies use our freight factoring services for a number of reasons, including:
- Overhead expenses
- Growth capital
- And much more
More than Cash Flow Solutions
We mentioned above that Single Point Capital offers services that go beyond freight factoring. In addition to cash flow solutions, we also offer fuel cards with deep discounts at the pump and from wholesalers. Our fuel cards can also be used for regular purchases, so fleet owners can track expenses and separate business and personal funds. Single Point Capital also offers fuel advances for fleets, and we help people launch their own trucking companies. All of these services can be accessed when you sign up for our factoring solutions online.
- Main Street Market
Get Started Today
If you own a trucking company or do business as an owner-operator in Oklahoma City, contact the team at Single Point Capital. We will work with you to create a factoring strategy that fits your business. Once you are set up, we will be able to convert your receivables to cash and make funds available within a single day. Contact Single Point Capital today to get started.