More Freight Factoring Information

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    NO ANNUAL TERM TRUCK FACTORING CONTRACT REQUIRED Other truck factoring companies require you to sign a restrictive contract that ranges from 6 months to 1 year or longer. And they require you factor with them during that entire time. Six To Twelve Months in the trucking world can be very volatile

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    Accounts receivable freight factoring is a low cost solution for trucking companies that need to speed up their cash flow. You turn your accounts receivables over to us and within 12-24 hours, we provide you with instant working capital. Accounts receivable freight factoring allows you to get paid immediately – we wait to get paid so you don't have to

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    Our freight bill factoringprogram allows you to select which customers you submit. This gives you the ability to factor only part of your freight bill volume if you choose. Flexibility is the key to our success! Plus, we operate with a month-to-month freight bill factoring contract that allows you the freedom to stay as long as you want, or you may choose to use our program for just a short term.
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    Our account receivable factoring company can offer you the highest advance rates in the nation.Pick the right account receivable Factoring Company Programs our factoring company uses our own money, which means we can be more flexible with our invoice factoring company rates
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    Freight factoring company

    Our freight factoring company offers our clients the
    highest possible level of services.

    We fund your receivables with our own company money, not investor money.
    This allows us to be more flexible with our invoice factoring company programs.

    We take away your cash flow headaches; you get your cash
    from your receivables now
    and we will wait for your customers to pay.
    We can fund start-up companies accounts receivable also

    All industries, including factoring for Health Care Staffing, Tansportation,
    Trucking, Manufacturing, Labor Staffing, and more.


    Our Freight Factoring Company Services Program includes the
    following features at no additional charge:

    • 24 hour funding on approved invoices
    • Highest advance rates in the factoring company industry
    • Credit analysis on new and existing customers
    • Continuous collection management and follow up on factored invoices
    • Invoice and statement mailing (postage included)
    • Account status inquiries anytime; 24/7 online account access.

    With our flexible company Security Agreement
    our client maintains control:
    • Clients select accounts they prefer to factor on an invoice by invoice basis.
    • Clients control total factoring costs by only factoring on an "as needed" basis.

    Advance     Invoice Factoring Company Services Rates up to 97%:
    Advance rates are based on overall risk associated with a
    particular industry as well as experience and company track record.
    We hold reserve accounts to accommodate industries which typically
    experience dilution and that we would otherwise not be able to service.
    Advance rates range from 80% to 97% of the gross invoice amount.

    Invoice Factoring     Services Fee Structures:
    Factoring fees are determined based on your industry, the credit
    worthiness of your customers, how quickly your invoices turn, and
    monthly factoring volume. To find out how we might structure
    a factoring deal for you, please complete our     online invoice factoring services request form.
    To talk with a member of our sales team,
    please contact one of our     regional offices at:

    Toll Free:  888-266-0197
    and ask for Andrea

    Fax #:  425-702-1874

    Email:      andrea@ocf.com


    2007 NAICS Definition

     

    484121 General Freight Trucking, Long-Distance, Truckload

    This U.S. industry comprises establishments primarily engaged in providing long-distance general freight truckload (TL) trucking. These long-distance general freight truckload carrier establishments provide full truck movement of freight from origin to destination. The shipment of freight on a truck is characterized as a full single load not combined with other shipments.

     

    Cross-References. Establishments primarily engaged in--

    Providing general freight long-distance, less than truckload trucking--are classified in U.S. Industry 484122, General Freight Trucking, Long-Distance, Less Than Truckload;

    Providing specialized freight trucking--are classified in Industry Group 4842, Specialized Freight Trucking;

    Operating independent trucking terminals--are classified in Industry 488490, Other Support Activities for Road Transportation; and

    Providing local general freight trucking services--are classified in Industry 484110, General Freight Trucking, Local.

     2007

    NAICS   2002

    NAICS   1997

    NAICS   Corresponding Index

    Entries

    484121   484121   484121   Bulk mail truck transportation, contract, long-distance (TL)

    484121   484121   484121   Container trucking services, long-distance (TL)

    484121   484121   484121   General freight trucking, long-distance, truckload (TL)

    484121   484121   484121   Motor freight carrier, general, long-distance, truckload (TL)

    484121   484121   484121   Trucking, general freight, long-distance, truckload (TL)