Transcap powers the freight industry with ultra-fast invoice factoring

The company’s frictionless online factoring platform provides same-day invoice factoring to trucking owner-operators, fleets and freight brokers across the United States.

CLEVELAND, August 17, 2022 /PRNewswire/ — Transcap, a fast-growing freight factoring and alternative lending brand, has brought together America’s top factoring experts to launch a fast and convenient invoice factoring solution designed to support owner-operators of trucks, fleets and freight brokers across the country. Unlike other factoring providers, Transcap offers same-day financing with no hidden fees, volume requirements, strict credit restrictions or long-term commitments.

Often operating with tight margins and slow payment times, many carriers face cash flow constraints. They typically wait 45, 60, or even 90 days for bills paid, making it extremely difficult to cover fuel, vehicle maintenance, insurance, taxes, and unexpected costs. Transcap helps overcome these challenges by simplifying and accelerating access to working capital.

“There is tremendous demand and growth potential for the entire industry, but small and medium-sized owner-operators cannot survive without consistent and reliable cash flow,” says Craig Cohen, Chairman of Transcap. “That’s why we offer a factoring solution that allows them to get the money they need fast, so they can stay on the road and stay competitive.”

After completing a simple 60-second application on Transcap.com, trucking companies of all sizes can receive factoring approval within 24 hours or less. Once approved, carriers upload or email invoices for immediate payment from anywhere on the road. For new customers, Transcap offers the waiver of fees on the first invoice. Customers who refer other motor carriers or brokers receive a $500 referral bonus when they sign up.

Additional customer benefits include fuel economy cards and discounts on tires, maintenance, insurance and more through Transcap’s network of preferred partners.

“Whether you own-operate or manage an entire fleet, trucking is a tough business,” Cohen says. “We make it our mission to remove as many roadblocks as possible and make their lives easier.”

Transcap was started by a group of leading factoring experts, including Joel Adelman, the founder and former CEO of Advance Partners. The Transcap team lent itself $20 billion to contractors nationwide in previous roles and plans to do the same for trucking companies of all sizes.

To learn more about Transcap’s financing options, become part of the company’s preferred partner network, or earn competitive commissions for transaction referrals, visit Transcap.com.

About Transcap
Transcap was founded with a simple idea: to give trucking companies the quick and easy cash flow they need to succeed. We provide freight factoring and alternative financing solutions designed to support owner-operators and fleets across the United States. To learn more, visit Transcap.com.

SOURCE TransCap

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