In hard times, it is important that everyone do their part. President Harry S. Truman famously said, “It’s amazing what you can accomplish if you don’t care who gets the credit.” In that spirit of teamwork, freight factoring companies TBS Factoring Service and OTR Capital are setting their competitive interests aside to offer a special limited-time rate and fee waiver to owner-operators who aren’t currently factoring their receivables. This limited time program is offered in addition to their individual existing programs.
The Pandemic Protection Program, available only to new customers and those that are not currently factoring, offers a non-recourse flat rate of 2.5 percent (no matter how long it takes to get paid), with no UCC filing fees, no origination fees or hidden costs of any kind. No strings attached and no minimums required. The promotional rate runs through September 15th, 2020.
As the economy continues to react to COVID-19, truckers who don’t factor now are taking on more risk than ever. “Factoring now, even when a driver doesn’t need it just makes sense in this economy because it takes the risk of non-payment off the table,” said Jennifer Lickteig, CEO of TBS Factoring.
“With so many of our friends in the trucking community hurting right now, we knew we had to take extraordinary measures to do everything we could to ease their burdens,” said Fritz Owens, CEO of OTR Capital.
Truckers can access the special rate by calling 877-672-3713, or visiting www.TBSfactoring.com/OTR