We have built strong relationships with thousands of brokers, shippers, and freight forwarders.
Many of them prefer working with Apex to any other factoring company.
Checking credit on all your customers is always highly encouraged.
This is the best way to get the most up to date information so you can determine who you want to haul for and how much you are comfortable hauling.
Assume a factor has agreed to purchase an invoice of $1 million from Clothing Manufacturers Inc., representing outstanding receivables from Behemoth Co.
The factor negotiates to discount the invoice by 4% and will advance 0,000 to Clothing Manufacturers Inc.
Most commonly, factoring is performed through third-party financial institutions, referred to as factors.
Factors often release funds associated with newly purchased accounts receivable within 24 hours.
When you call Apex, our knowledgeable sales team (human beings, not automated voices) will learn about you and your trucking company’s needs. We have recourse and non-recourse options, online account management access, back-office support, free mobile app, and fuel cards, and much more.
They will explain how factoring with Apex works and answer all your questions. Your questions and concerns will help us create a program that will keep your trucking business running smoothly. A highly-experienced account executive will be assigned to you.