Express Freight Finance offers freight-bill factoring services

March 7, 2016
Express Freight Finance announced the nationwide launch of its freight-bill factoring services for truck fleets, owner-operators, and freight brokers.
Express Freight Finance announced the nationwide launch of its freight-bill factoring services for truck fleets, owner-operators, and freight brokers.“Small carriers and brokers would rather focus on moving freight and growing their business than managing receivables and collections,” said Dan Hadley, chief executive officer of Express Freight Finance. “Because we’re 100% dedicated to trucking and understand the realities of the business, we have committed resources that allow us to deliver a funding decision in minutes and cash as quickly as that day.”Express Freight Finance said it is launching with an initial capital base of more than $30 million and is backed by Adelphi Capital, a merchant bank with a strong track record of equity investment in factoring and other financial services for transportation companies in the United States. Express Freight Finance requires no long-term contracts, up-front costs, or fees to terminate the factoring agreement. “We view our relationship with clients as a partnership,” CEO Dan Hadley said. "We’re committed to helping them leverage the value of their invoices into working capital today, when they need it, at a competitive rate."

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Take Control of Your Finances: A Practical Guide for Carriers in Trucking

This guide is designed to help you navigate these challenges, featuring strategies for automation, examples of effective tools, and a real-world success story from Phoenix Cargo...

Report: The 2024-2025 State Of Heavy-Duty Repair

Fullbay's fifth annual State of Heavy-Duty Repair compiles insights from almost 1,000 experts and over 3,500 shops. If you aren't leveraging these proven data points, your competition...

Guide For Managing Maintenance

The Guide for Managing Maintenance is a comprehensive resource designed to help fleet managers improve their maintenance operations, reduce downtime, and lower overall fleet costs...

The Road Ahead: 2025 Trucking and Fleet Insights

Discover how fleet operators are impacted by challenges like driver onboarding delays and complex compliance, and the critical need for technology to boost efficiency and cut ...