“Free” Factoring? It Can Be Done.

Factoring, Fuel Savings, Trucking

When our factoring clients sign up for the RTS Carrier Services fuel card program, they receive industry-leading discounts on diesel, tires, maintenance and much more.

RTS Financial clients can also use those fuel card savings to offset their factoring fees. Some clients, like Mark in Arizona, report that their RTS Carrier Services discounts nearly cover the entire cost of factoring. Mark, who has been an RTS Financial client for a year, calls it “free factoring.”

“Every Little Bit Helps”

Mark’s company operates two trucks throughout the West. He said some stops in the RTS Carrier Services Fuel Network provide discounts of as much as 30 cents to 35 cents per gallon. Those savings, along with discounts on other operating costs like tires, maintenance and document scanning, nearly erase the fees Mark pays to fund his receivables with RTS Financial.

“Every little bit helps,” he said. “I mean, if you’re saving $50 on 150 gallons of fuel, and you’re charged $40 to factor an invoice, that’s a pretty good deal.”

A Smart Way to Do Business

Of course, it takes a little bit of advance planning to achieve free factoring. Mark uses RTS Carrier Services’ CarrierPro app to identify the fuel stops along his lanes that offer the best discounts. He urges his drivers to fuel up at those locations. In addition to the fuel savings, Mark likes how the RTS Carrier Services card provides its fleet customers with a weekly credit line of as much as $2,000 per truck.

“The best part is it’s an actual line of credit, not just a discount. That’s huge,” he said. “That’s helped us tremendously.”

Want to learn more about how you can factor your invoices and save money at the same time? Call us today at (877) 673-2808.