Factoring is the purchase of accounts receivable.
Once a valid invoice is generated by your company, SevenOaks Capital Associates will provide you with an initial advance of 90% or more of the invoice amount. After we collect the invoice, the remaining balance less applicable fees will be refunded to you.
Although we specialize in providing factoring services to the transportation industry, SevenOaks will purchase most business to business receivables. Regardless of how big or small your operation may be, SevenOaks has the most competitive and flexible program for you.
SevenOaks Capital Associates does not require a long-term commitment.
It is as long as you want it to be.
No. You may factor as much or as little as you like. We want you to be able to make decisions that are best for your company.
One phone call is all it takes to get a free quote.
Once a completed application is received, an approval decision is made the same day and the appropriate documentation will be sent to you via email within a few hours.
SevenOaks Capital Associates buys and funds on valid invoices the same day that we receive them.
SevenOaks Capital Associates has one of the most competitive and flexible rate structures in the industry.
Depending on your monthly volume and client list, we can customize a program to match your specific needs. Call today at (800) 511-4588 to find out why we are one of the fastest growing Factors in the industry.
By selling your accounts to increase cash flow, your company maximizes the use of its largest “frozen assets”(accounts receivable).
Many trucking companies use the initial cash to:
- Satisfy tax demands
- Expand their business
- Extinguish present debt
- Acquire new equipment
The daily benefits of factoring include:
- Meet weekly payroll obligations
- Have cash to pay for fuel and repairs to keep trucks moving
- Fulfill contractual agreements with vendors in a timely manner
- Spend your time making money instead of chasing…$CASH$
Once you factor your first invoice with us, you are given access to our online portal where you can do credit checks on your customers 24/7/365.
Once you factor your first invoice you will be given access to our client portal and be able to run reports on your account 24/7/365. You will be able to see your daily transactions, your list of open invoices, your daily collections, etc.
We are here to help!