FAQs
FAQs

The Factoring Advantage

Always have the cash flow needed for any and all staffing needs with our factoring options.

Learn More »
FAQs

Make Factoring Work for You

Keep your operating costs in check and your business moving smoothly by always having the cash flow you need.

Learn More »
FAQs

Are You New to Factoring?

Accounts receivable financing can increase your cash flow immediately. Once approved, we finance invoices on the day we receive them.

Learn More »
  • FAQs

    Transportation Finance

    Cover operating costs and expansion opportunities with factoring.
  • FAQs

    Oil Field Servicing Finance

    Take the pain out of funding operating costs with our finance options.
  • FAQs

    Staffing Finance

    Ease the pressure of payroll funding with our invoice financing options.
     

FAQs
Frequently Asked Questions

Q: What is factoring?

A: Factoring is the purchase of an invoice or an account receivable.


Q: Who does SevenOaks factor?

A: Although we specialize in providing factoring services to the transportation industry, SevenOaks will purchase most business to business receivables. Regardless of how big or small your operation may be, SevenOaks has the most competitive and flexible program for you.


Q: How long is your factoring agreement?

A: It is as long as you want it to be. SevenOaks does not require a long-term commitment.


Q: Is there a minimum monthly volume or fee?

A: No. You may factor as much or as little as you like. We want you to be able to make decisions that are best for your company.


Q: How long does it take to get approved?

A: One phone call is all it takes to get a free quote. Once a completed application is received, an approval decision is made the same day and the appropriate documentation will be sent to you by overnight delivery.


Q: How fast can I get funded?

A: SevenOaks buys and funds on valid invoices the same day that we receive them. If you are a new client you may send invoices back with your original documents. New clients can be funded in as little as two days from the initial phone call to SevenOaks.


Q: How much does it cost?

A: SevenOaks has one of the most competitive and flexible rate structures in the industry. Depending on your monthly volume and client list, we can customize a program to match your specific needs. Call today at (800) 511-4588 to find out why we are one of the fastest growing Factors in the industry.


Q: Why do trucking companies sell their accounts receivable?

A: By selling your accounts to increase cash flow, your company maximizes the use of its largest “frozen assets”(accounts receivable).

Many trucking companies use the initial cash to:

  • Satisfy tax demands
  • Expand their business
  • Extinguish present debt
  • Acquire new equipment

The daily benefits of factoring include:

  • Meet weekly payroll obligations
  • Have cash to pay for fuel and repairs to keep trucks moving
  • Fulfill contractual agreements with vendors in a timely manner
  • Spend your time making money instead of chasing…$CASH$

ComData Fuel Card

Receive the cash price for fuel at thousands of locations while using the Comdata Card from SevenOaks Capital. Receive an additional .06 cents off per gallon rebate at Wilco/Hess Truckstop Locations.

Learn More >>

Latest News

SevenOaks now has several ways you can submit your freight bills.  You have the power to choose what works best for your company.   -When you can bill with an email Pegasus/Transflo allows for Truckstop and smartphone scanning at only $2.00 per freight bill.  You keep the originals for your own records.   -When originals [...]

Learn More >>