Is Accutrac Capital Solutions, Inc. the right factoring company for you?
Headquartered in Canada, and with offices in California as well, Accutrac Capital Solutions, Inc. has been in business since 2007. A member of the International Financing Association, Accutrac Capital Solutions, Inc. is a factoring company dedicated to the trucking and transportation industry in North America. Their programs include cash advances on loads in transit, flat fee factoring, factoring lines of credit, flex factoring, and equipment financing. Their wide network also gives their customers Bulk Buy privileges on a variety of goods and services.
Accutrac Capital Solutions Factoring Programs
Accutrac Capital Solutions, Inc. offers several factoring solutions to companies looking to increase their cash flow. Same-day funding, 24/7 online reporting, free credit reports, personalized service, and no hidden fees attached for accounts receivable management are some of the benefits that Accutrac Capital offers. Their Flat Fee Factoring rate is 1.59% and provides immediate access to cash for up to 97% of accounts receivables. The Flex Factoring program offers a .49% rate for 10 days with a 97% cash advance. Factoring lines of credit offer a 95% cash advance starting at .022% with fees applied only on the funds drawn.
Accutrac Capital Solutions Cash Advance and Equipment Finance Programs
Accutrac Capital has a cash advance program for loads in transit where up to 50% of the value of the load will be advanced at the time of pick-up. The process is simple: the company picks up a load from a shipper and sends documentation to Accutrac; Accutrac advances the money that day and invoices the shipper; the shipper remits payment to Accutrac; and Accutrac deposits the remaining balance less a small handling fee to the company.
Accutrac Capital Solutions, Inc. also offers equipment financing, an asset-based lending program, to generate immediate cash. Regardless of the age of the equipment, Accutrac will accept used tractors and trailers as collateral to extend credit.