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TAFS provides speedy funding, it's open 365 days and has a one-hour funding option.
TAFS was founded in 2007 as a wholly-owned subsidiary of Jacobson Holdings. TAFS specializes in truck factoring or purchase of trucking invoices or accounts receivables from trucking companies of all sizes.
TAFS offers truckers these options:
- Full invoice advance available, and multiple program options
- Speed funding available, within 1 hour
- 365 days a year, open (for funding)
- Mobile app and portal available for invoice submission
- 24/7 online access and total transparency
- Comprehensive and free customer credit checks
- Carriers have no setup fees, per invoice fees, application fees, or invoice ageing fees
- No invoice minimums
- Provides dispatch service also.
- Free fuel cards (with discounts on fuel, tires, and maintenance), ELD, and emergency roadside assistance is available
- Trucking Expansion options truck, equipment, trailer leasing, or outright purchase available.
- Loans for businesses available
Pros and Cons of TAFS factoring:
Pros
- Recourse factoring
- Multiple program options including speed funding
- 24/7 online account access
- Free credit checks
- No minimum for Fuel and maintenance discounts
- Ability to submit invoices through the online portal or mobile app
- Relationship specialists focused on providing quality customer service
Cons
- Very hard to get out of a contract a high termination fee
- Poor communication and Poor customer service
- Lack of transparency in pricing and business practices
Our reviewers found that TAFS is focused on providing seed funding. Every business while having positive and negative reviews, and people with negative experiences are more likely to leave a review.
TAFS has a one-hour funding option which is the industry's best service. One of the reasons why TAFS is in a bad spot is that it has a very high termination fee.
Our reviewers found that TAFS has a very high termination fee, so exiting the contract is a tough proposition. Their customer service and relationship management have deteriorated. Lack of transparency in pricing and business practices makes customers dislike their services.
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