BBusiness Name: Nationwide Transport Finance
Business Address: 2650 Lake Sahara Drive, Suite 200, Las Vegas, NV 89117
Turn Your Receivables Into Fast Cash! Nationwide Transport Finance specializes in fast, reliable, and easy freight bill factoring for the transportation industry. With no sign-up fees, no fixed contracts or hidden charges, and virtually no risk to you, there has never been a more secure investment for your receivables and increased cash flow.
Why wait to be paid for the work you do? Get paid today and keep your trucks running!
And with fees as low as 2%, you’ll be putting money back in your pocket.
Fill out our 30-second inquiry form to the right or call us toll free at (800) 624-3353 to get started.
Nationwide Transport Finance offers non-recourse factoring, funding on fax or email copies, no application fee and no long term contract, no monthly minimum volume, collection rebates available immediately, online access to your account, free timely credit checks, eliminate credit risk, $1.75 per ACH direct deposit (multiple invoices), comcheks and Transflo Express Truckstop scanning, comdata Fuel Cards at no cost to you, $.07 / gallon discount at Wilco-Hess, and professional customer service.
Banking and Finance
Shipping and Mailing
Freight Bill Factoring Services
Non-Recourse Accounts Receivable Factoring
Non-Recourse Factoring Program
Since 1986, Nationwide Transport Finance has provided the transportation industry with Non-Recourse (Nationwide Transport Finance assume the credit risk) accounts receivable factoring – Nationwide Transport Finance buys your freight bills.
Nationwide Transport Finance program is simple. Concurrent with your opportunity to accept a freight assignment from a direct shipper, consignee, broker or forwarder Nationwide Transport Finance's staff stands ready to provide you with a funding commitment if the billed party meets our credit criterion. Nationwide Transport Finance funds your freight bills the day its receive.
Nationwide Transport Finance does the collecting on the bills as they fall due, and Nationwide Transport Finance bears the burden of credit risk.
When a freight bill payment is received by Nationwide Transport Finance, the payment is immediately applied, and the remainder due to you is immediately credited to your account, less a fee determined by how long it took for the bill to collect.
The advantage of a non-recourse factoring program is that if a credit default occurs and the debtor does not pay, you still keep the initial funds received from Nationwide Transport Finance when the bill is purchased, and suffer only from not getting the collection residual. Nationwide Transport Finance bears the entire loss of principal and income!
Nationwide Transport Finance’s non-recourse program looks solely to the billed party as the primary repayment source, as opposed to other lending programs where you are considered the borrower, and receivables that prove difficult for the recourse lender to collect are charged back to you including a fee for your use of the lender’s money. Nationwide Transport Finance’s non-recourse program virtually eliminates your need to incur bad debt!
Nationwide Transport Finance does not require that you maintain a cash deposit based on the receivables purchased, like many other receivable lenders who mystically offer larger initial advance percentage – in reality they are just using your money for the higher advance.
Under the current economic climate, most trucking and third party logistic companies are experiencing customer payment habits of 36-43 days after billing.
Nationwide Transport Finance values added services include assistance in identifying credit risk and, via our direct computer link with numerous national credit agencies and our historic database of past payment performance, Nationwide Transport Finance extend to our customers assistance in avoiding the “less desirable” high risk assignments and steer them towards the profitable assignments from a first experience, creditworthy shipper or third party, based on Nationwide Transport Finance’s commitment to purchase the bill upon delivery fulfillment.
Upon processing your freight bills, Nationwide Transport Finance can provide funding in the following ways: A.C.H. bank transfer direct to your checking or savings account, Com-Chek™ immediately all available funds to you,
load funds onto your Nationwide Transport Finance FUEL CARD, save your funds in a trust (reserve) account for your use in issuing daily Com-Cheks™ as needed, send a physical check to you via U.S. Mail or Fedex for deposit into your own checking account, Nationwide Transport Finance capacity to fund your freight bills upon receipt, and forward your funds via ACH Bank wire to your checking account or Com-Chek™, results from N.T.F’s credit relationship with one of the largest lending institutions in the U.S. Additionally, working in conjunction with Nationwide Transport Finance's affiliates located throughout the US and Canada, Nationwide Transport Finance can influence the payment habits of most debtors, and if necessary via local direct contact.
Nationwide Transport Finance's Maturity Factoring program helps minimize factoring fees by deferring the funding of your invoices until you need funding. Under this program you tell us when you need cash and the factoring fee clock does not start until we buy your freight bills.
No Hidden Fees – A Comparison of Costs
Other than Nationwide Transport Finance upon factoring fee (not taken until we receive payment from your customer) Nationwide Transport Finance has no hidden fees. Unlike other factoring companies who take advantage with an array of hidden fees, Nationwide Transport Finance only pass along the costs associated with getting your money to you faster.
Description Competitor Charge N.T.F. Charge
Initial Setup Fee $200.00 – $500.00 No Charge
TERMS 12 month contract No minimum terms
Early Termination Fee 1 – 1.5% of monthly volume No Charge
Minimum Monthly Volume $25,000.00 a/r No Min. Monthly Volume
Extended Credit Check $19.95 No Charge
Postage $0.37 to $3.50 per item No Charge
Postage on re-bills $1.95 plus actual No Charge
Address Corrections $3.95 No Charge
Invoice Corrections $3.95 No Charge
Deposit Check Charge 10% – 16% of invoice amount No Charge
Excessive Fax / Photocopy $1.00 per page No Charge
Handling Fee 1.0% per new invoice No Charge
Com-Chek™ Fees Varies $4.00 per $1000.00 rec’d
Bank Wire Transfer $25.00 per transfer $1.75 per transfer
Nationwide Transport Finance historical and financial information is readily available through Dun & Bradstreet, who has assigned us a 3A2 rating, and Nationwide Transport Finance has been in business for 26 years.
Very few receivable lenders assume the risk of credit default and, in particular, receivables related to the transportation industry! As opposed to providing a receivable financing program “for everyone”, Nationwide Transport Finance concentrates its expertise and diligence exclusively on this industry segment – thereby providing its customers with specific and timely services relevant to your unique industry.
Compare the costs of factoring to the potential of generating additional revenue because you get paid the day after mailing your freight bills. While your competitor might have to cut back his load dispatching, waiting for a check from his customer to settle with his drivers and fuel his trucks, with factoring, you can take the next load and keep the trucks running.
If you have any further questions regarding Nationwide Transport Finance and how its programs work, Nationwide Transport Finance's office is open every weekday at 5:30 A.M. Pacific Time (8:30 Eastern Time) and the staff can answer any questions you might have all through the day.
Business Name: Nationwide Transport Finance
Business Address: 2650 Lake Sahara Drive, Suite 200, Las Vegas, NV 89117
Toll Free Phone Number: (800) 624-3353
Local Phone Number: (702) 240-1099
Fax Number: (702) 240-1095
Email Address: email@example.com
Hours of Operation:
Monday 5:30 AM to 5:30 PM
Tuesday 5:30 AM to 5:30 PM
Wednesday 5:30 AM to 5:30 PM
Thursday 5:30 AM to 5:30 PM
Friday 5:30 AM to 5:30 PM