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“Our spirit is still young; the sun is still rising; God’s grace is still shining; and my fellow Americans, the best is yet to come! God Bless You. God Bless America.”
President Donald J. Trump
Headquartered in the Kansas City area, MAGA Factoring was established to “simplify factoring”. Simple Rates, Simple Terms, and provide solid value for the MAGA crowd! And we will pay you AS FAST AS YOU GET US THE DOCUMENTS!
For over 30 years we have offered financial services to the trucking industry. We understand what it takes to operate a trucking company, we are here for you. Our commitment to the trucking industry is our mission.
Understanding factoring for trucking doesn’t need to be difficult. Trucking companies use factoring to get paid faster than if they wait for clients to pay their invoices. That is what factoring does – provides truckers a way to get at the money they are owed immediately instead of waiting for customers to pay their invoices.
It can take thirty, sixty, and even ninety days for your customers to pay you what they owe. That is a long time to wait for your money. Especially since day-to-day expenses continue accumulating while you are waiting for payment.
Factoring is an excellent way of getting money fast to manage cash flow to pay for operating expenses without creating debt. You could go to a bank and get a loan, but there’s no certainty you will be approved. And even if you are approved, it may effect your ability to get funding for critical equipment such as trucks or trailers.
Because you are factoring your outstanding freight invoices, we are focused on your customers’ credit, not your credit. Plus, a good factoring company will also take the hassle of collections off your back and provide you with important back office support services. We will do it all for you.
A customer hires you to ship freight from one location to another.
You do a credit check with MAGA Factoring to make sure the customers credit qualifies.
Once you complete delivery, you email load paperwork to MAGA Factoring.
We send you the cash immediately, and we invoice your customer.
5 MAGA Factoring then collects the payment from your customer.
Freight factoring, (aka) trucking factoring, takes the invoices for the loads that you run and allows you to get paid on them now instead of waiting for 30, 60, or more days for a load to be paid out. This allows you to keep the business in motion each day.
No. You have complete control over which customers you want to factor. However, once you decide to factor one of your customer accounts, we generally require you to factor all the invoices for that customer in order to reduce payment confusion.
No, but I’m sure he would approve of us. We are MAGA just like him!
We will need you to fill out a short factoring application, provide proof of your identity and a copy of your cargo insurance.
Yes and yes, and they are completely free…..we highly recommend checking credit before you put the freight on your truck.
Contact us at info@magafactoring.com or (816) 282-0677 and let us know.
Absolutely, contact us at info@magafactoring.com or (816) 282-0677. We have various fuel card
programs to meet your needs.
We have relationships with equipment finance companies, we can help with cargo and truck insurance, and obtaining your authority. We also have the resources to help you get trained as a freight broker. Anything related to trucking, we can help.
Absolutely! Once your account is set up, we strive to pay you within one hour of receiving your documents!
Most accounts are set up in a day or two
You want to make sure that you pay special attention to contract terms. Some main things to pay special attention to include the contract termination process, length of the contract, chargeback terms, and any additional or “hidden” fees above your contract rate. All of these will have a significant impact on managing and growing your business.
Lets Work Together
Partner with MAGA Factoring and Keep Your Business Moving Forward. Unlock quick cash flow with MAGA Factoring reliable freight factoring services. Simplify your finances and keep your business growing
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