For truckers with an eCapital account, waiting up to 90 days to receive payment for a delivered load is a thing of the past.
At Drive Logistics, we are focused on providing our truckers with the financial knowledge and expertise to help their fleets operate more efficiently and with increased financial flexibility.
Consistent and emergency cash flow are two major obstacles facing truckers and the business of freight factoring can be a tool to help mitigate those challenges.
What is freight factoring?
Freight factoring is a simple way for owner operators and/or fleets to sell their unpaid invoices to a business funding company at a small fee. Freight factoring greatly reduces the industry standard of up to 90 days to receive payment for a load, to just a few days.
After scouring the marketplace and vetting many potential partners, Drive Logistics selected eCapital Corp. to give our truckers access to a reliable and experienced freight factoring company.
With nearly 30 years experience in the transportation industry and over 20,000 truckers served, eCapital offers the most comprehensive package for trucking fleets.
When a fleet owner opens an account with eCapital, they are immediately provided with a $2,500 line of credit for each truck in their fleet. With eCapital's innovative InstaPay feature, truckers can make split-second transfers to their preferred bank 24/7, 365 days a year.
Transportation companies of all sizes need consistent cash flow to cover expenses day and night. Equipped with an eCapital's Visa® Commercial Card, truckers can immediately access their money everywhere Visa is accepted, including ATMs.
With the Visa commercial credit card, fleet owners can send drivers cash anytime, anywhere and eCapital provides the cards with no annual fees or interest rates. Also, each card within a fleet can be customized with daily spending limits, maximum spending limits and can be frozen at the click of a button.
eCapital takes financial freedom to a new level with their revolutionary client portal called, eCapital Connect.
With eCapital Connect truckers can:
• Easily access, track, transfer and manage funds all in one place
• Direct how and when funds and credit are accessed, 24/7
• Make informed decisions from anywhere with visibility into every transaction and real-time reporting
About Drive Logistics
Founded in 2016, Jacksonville-based Drive Logistics is a veteran-owned trucking company that provides business support services to trucker owner operators with the passion to run their own trucking business. Drive Logistics is recognized as the premier company for truckers to secure comprehensive business solutions, innovative tools and benefits committed to help its clients make their entrepreneurial dreams a reality. Drive Logistics offers billing, collections, broker negotiation, IT services, back-office support and many other business services to trucking company owners. Drive Logistics operates in the contiguous 48 states and its executive team has over 100 years of combined experience in the trucking industry. For more information, please visit www.drivelogistics.com.