PORTLAND, Ore. — TransCore has partnered with Advance Business Capital, a factoring service company, to expand the selection of providers and integrated factoring services offered to freight brokers and carriers within TransCore’s 3sixty Freight Match logistics service. Factoring, or the cash sale of accounts receivables, is as an alternative source of financing designed to eliminate many of the traditional qualification criteria.
“TransCore’s alliance with Advance Business Capital is another in our series of financial service partnerships that demonstrate our commitment to providing integrated services that add value and differentiate our service, said David Schrader, TransCore’s vice-president of freight business services. The use of applied technology in this important arena is specifically targeted to improve both the cost and effectiveness of working capital solutions to our transportation customers.”
Once integrated into TransCore’s freight-matching software, Advance Business Capital’s additional factoring services will allow TransCore’s customers more options to locate, arrange, and finance loads risk-free on one online platform, company officials say.
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