Most BIG Factoring companies only average an 80 or 85% payout for Carriers that are new to their program. These companies usually take 15 - 20% of your invoice amount off the top. They hold it until your customer pays. They only pay this back to you, less their fees, once your customers pay the factoring company.

AmeriTrust Capital Corp. has two great factoring offers… one gives you a flat 95% payout. And with the Non-Recourse arrangement, the payout rate depends on the dollar-volume of the invoices you submit. It can go as low as 4.3%

There is no waiting around for your remaining 5 to 10% payout after we get paid!

Other Factoring companies may brag low fees of 1 and 2% - They don’t tell you up front that these fees can increase on a weekly, or even a daily basis. The longer your invoices are outstanding, the more they can charge you… they start increasing and pro-rating fees around 25 days; we even found one that starts increasing their rate after 10 days! The average broker or shipper pays in 40 days, so what’s the rate then!?

Some big factoring companies have a rate of 1 or 2% over prime; which means you could be paying 7 or 8% total, in addition to the 10-15% they hold for a deposit.

Again, AmeriTrust offers 95% payout with our flat rate program. There is a mere 1% increase for bills aged out over 45 days. By taking advantage of our FREE credit checks, you can choose to factor bills you know will be paid in 30-35 days!

Other Factors have additional costs for same-day advancing.

We pay within 24-hours of receipt of your original paperwork. Period. No strings or fees attached.

Some factors usually require an average of $15,000.00 as a Monthly Minimum volume for small Carriers, even when many companies advertise that they require no monthly minimum! Then, they charge heavy penalty fees when the monthly minimum is not met. You sign up for what looks like a good low rate, only to find the factoring company is charging you with high penalty fees elsewhere.

The AmeriTrust Quick Pay programs require no monthly minimums. We mean it - NONE!
It was designed so there is no dollar amount to meet, no set number of invoices that has to be turned in. There are no penalty fees because there is no limit to how much -or how little- you can submit!

Of course BIG Factoring companies advertise that collection processes are a service provided to you; as do we. But whose interest does it really serve? If you are being charged an increasing amount the longer your bills are outstanding, why would any other company try to quickly collect on your invoices? They get a greater fee from you based on the longer it takes your customer to pay. Can you verify that they are actually doing the collection calls?

Once AmeriTrust owns the receivable, it is in our interest to get it paid quickly and paid in full. Why? Because we have already paid out funds to you and money is now due to us! We don’t have the conflict of interest that many other factoring companies have. We can and will gladly verify the last contact we had with your customers. Just contact us any time during business hours!

BIG Factoring companies usually have endless pages in a single contract with very tiny type font. Is their agreement written in legal terms or does it use language you can actually understand? What are the hidden clauses? Most factoring companies require multiple pages of sign-up documentation in addition to their contract. They want company and personal financials, proof of incorporation, addendums and so on.

AmeriTrust Capital Corp. only requires that our user-friendly contract be signed, including a personal guarantee, and that we have a W-9 on file (as required by the IRS). If you have any questions or concerns about any of our documentation, we are available Monday through Friday, 9am to 5pm (Mountain Time) to discuss it. We will take the time needed to answer you, negotiate and even walk you through the paperwork.

Bear in mind these items if and when you are considering doing business with any Factoring company.

At AmeriTrust, we aren’t a bunch of bankers, lawyers or some BIG outfit trying to make a profit off you. Carriers and Shippers are our bread and butter. We’ve formed business alliances within the Transportation Industry in order to serve our carriers better. It is a way of our company helping your business to stay in business!