In May 2015, Interstate Capital Corporation signed 39 new clients, consisting of two service providers, two manufacturers, two freight brokers, and 33 trucking companies. The new clients include a $500,000 facility for a motor carrier located in the midwestern U.S.
The Interstate Capital Group of Companies is a leading marketer of accounts receivable factoring, freight bill factoring, fuel cards, freight matching, freight broker credit reports, property broker bonds, fuel advances, truck and trailer financing, freight brokerage and freight payable auction management services. Founded in 1993, Interstate Capital has provided $ billions of funding for over 10,000 motor carriers and other small businesses in the U.S., Canada, and Mexico. Interstate Capital projects to purchase in excess of $1 billion of receivables this fiscal year. Interstate is one of the largest privately held, non-bank transportation factoring companies in North America.