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Huge Fuel line of credit per week
QP is the nation’s top truck factoring company for owner operators, drivers, and fleets.
QP Capital is a company based out of Louisville, Kentucky, they specialize in transportation factoring. QP as a small company understands to cash flow challenges faced by small and medium businesses in the USA. They help businesses to access liquidity by using truck invoice factoring.
QP works with brokers and shippers who give customers 30 or more days to pay back invoices.
They have many good services under their belt. One such service is fuel card with the largest Pan America discount network available with more than 3600 sites.
QP fuel line of credit:
QP allows you to factor invoices of your choosing, they also provide a $2800 fuel line of credit per week for small and medium truckers. They also provide a nonrecourse factoring program that assumes the liability of your customer’s nonrepayment.
QP types of factoring:
QP Capital provides (Recourse, Non-Recourse, and Pure Non-Recourse) factoring. Pure Non-Recourse program means if you deliver the pure load and later pure paperwork, you don’t have to worry, payment will be taken care of. QP’s transparency. variety in-service portfolio and customer care make it the best factoring company for new owner-operators.
Every QP client will get there on a personal QP card, here you can upload your factoring funds in minutes after verification of the loads.
Some features of the QP card include:
- Can swipe anywhere where Mastercard is accepted
- US’ largest fuel discount network
- Bank account transfer of factoring funds
- You can pay drivers and purchase fuel etc by pushing funds to sub cards
- Bill pay (setup)
- Use for personal or company expenses
Features of QP Capital Factoring Service:
- The factoring rate is 3% recourse and 3.5% nonrecourse
- Superfast cash credit in less than 24 hours
- Eliminate bill, accounts receivables handling, processing, and collection overheads
- Receive unlimited capital factoring, such factoring grows as your sales grow
- 96.5% of account receivables advance
- Only customer credit history is taken for factoring purposes
- Factor only invoices you choose and enjoy the flexibility of choice
- No termination fees
- Recourse and non-recourse factoring are available
Pros
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- With QP you are not required to factor all your invoices
- QP has online invoice submissions and reporting system
- Fuel line of credit.
- QP has a super-fast payment
- QP has 100% non-recourse also available
- QP has a month on month contract
- QP has a robust customer service
- QP has no hidden fees
Cons
We make the factoring documentation and paperwork as easy as 123. Firstly you need to download our app, then use your smartphone camera to simply snap the picture of the rate con and proof of delivery. This app makes the paperwork process simple, quick, and efficient.
While in the process of reviewing we found that, owner operators or business owners benefit from QP’s factoring plans, because of no contract period, no factoring limit and zero termination fee, etc. This makes QP the best factoring company for new owner operators.
These are the benefits of a contract with QP capital.
- Very simple terms.
- Flat fee structure with no hidden fees.
- No long-term contract and no minimums you must meet.
- Factor what you want.
- When you want to quit factoring with QP, they make your exit or transition as easy and seamless as 123.
QP capital has the resources to enable your company's growth in the trucking industry. QP helps you get deals in insurance, dispatching, broker relationships, license and permits, accounting, maintenance, tracking costs, acquiring direct shippers
We will recommend QP Capital for truck factoring due to the ease of doing business, no hidden charges, no predatory practices, uncomplicated contract norms, etc.
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