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Questions about factoring? Let Great Plains factoring frequently asked questions provide the answers!

Factoring is a financing tool to maximize your trucking company's cash flow. For a low fixed fee, Great Plains will buy your invoices for cash! You then have the cash available to operate and grow your trucking company.

Recourse factoring typically suits larger trucking companies able to assume customer credit risk. This program includes lower fees and also includes a reserve. With non-recourse factoring, Great Plains assumes the credit responsibility. The factoring fee is higher but there is no reserve held by Great Plains until the invoice is paid. Non-Recourse factoring is ideally the best fit for trucking companies operating 1 to 5 trucks.

Great Plains factoring fees are based on the monthly volume of invoices you factor, the average number of days it takes your customers to pay and the type of factoring program chose, recourse or non-recourse.

Great Plains offers ACH transfers (direct deposit) within 24 hours after the purchase of invoices at no extra charge. FREE! We also offer same day wire transfers for a low fee.

You are not required to factor all your customers with Great Plains. However, we do ask that once a customer's account has been factored, that customer continues to be a factored account.

There is NO monthly minimums with Great Plains!

Funding can begin in as little as 24-48 hours after submitting a completed application and factoring agreement to Great Plains!

Great Plains offers our clients unlimited 24/7 access to our online customer search engine. Our client's are also more than welcome to call and talk to any member of our credit team.

Great Plains will require your trucking company's invoice, the broker's rate confirmation, if applicable, all signed proof of delivery and bill of lading and any accessory paperwork required by the customer to pay the invoice. You never lose your identity with Great Plains!

Great Plains only requires original proof of delivery to purchase invoices IF your customer requires original proof of delivery to PAY your invoices.

Though Great Plains does require you to operate under your own operating authority, we do work with brand new trucking companies every day! Need operating authority? Contact our Authority Department today!

There are NO setup fees with Great Plains. APPLY NOW!

Great Plains is a reseller of the EFS FTS Discount Fuel Card. Call us today for more information.

Do you have unanswered questions?  Contact us today!

Call us at 800-324-8214 to get started!  Would you prefer Great Plains contact you?  Apply online or email us.

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