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Accutrac Capital Acquires Portfolio Assets of Sienna Transportation Finance

January 11, 2018, 07:00 AM
Filed Under: Factoring

Accutrac Capital, a freight factoring company announced the acquisition of the portfolio assets of Sienna Transportation Finance. To accommodate this acquisition, Accutrac has opened doors on its first East Coast regional office in Paramus, New Jersey. Accutrac is retaining 6 members of Sienna’s back office to ensure a seamless transition to the former Sienna customers. The new office creates a physical presence on the nation’s eastern seaboard establishing a coast to coast presence for the expanding invoice factoring company.

Accutrac Capital has experienced rapid growth as the trucking community reacts favorably to the industry specific factoring products and services designed to support fleet operations. Recognized as an emerging leader of specialized freight bill factoring, Accutrac’s continued growth is attributed to its reputation for providing fast, reliable funding at the industry’s lowest rates.

Accutrac Capital provides Flat Fee Factoring from just 1.59% for 90 days ALL-IN! This simple to manage cash flow solution has become an industry favorite among owners of trucking companies. Easy qualification, rapid deployment of funds and an easy to calculate fee structure creates a convenient, no hassle means of accessing operating capital to keep working fleets on the road. To further strengthen the financial status of its customers, Accutrac Capital provides a robust Fuel Discount program with credit terms available.

The factoring company’s core strength lies in the industry knowledge and experience infused throughout the organization. “Our executive staff have over 5 decades of combined hands on experience managing and operating trucking companies.” explains President Charles Sheppard. “Our customer service representatives and back office teams are fully trained with working knowledge of the industry.” This knowledge based company culture combined with a mandate to provide fast funding with no surprises is what fuels Accutrac’s growth.

Accutrac Capital’s customer list includes one truck companies, medium and large fleets plus freight brokers from most of the 50 states. The opening of the Paramus office marks a new era in the company’s history as it expands the factoring company’s physical presence to include west coast, northern and east coast regional offices. “With our new location in New Jersey, we now have a closer relationship with our eastern customers” states Mr. Sheppard. 

Although important to have a presence in each of the company’s active territories, a physical office location is not a necessity. Utilizing the latest technologies to handle large transaction volumes, Accutrac operates largely online to rapidly fund truck operations across North America. With a growing reputation for fast, reliable funding and now coast to coast office locations, Accutrac Capital is expected to continue its impressive rise as a leading provider of specialized freight bill factoring.

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