Interstate Capital Corporation, a leading factoring company based in Santa Teresa, NM, reported a 20% increase in new client originations in January 2016 over January 2015. “With the expansion of our outbound call center,” says Sarah Williams, national sales manager, “we were able to grow with improved technology.” A majority of last month’s new clients came from the transportation industry. “Every January, we historically see new trucking companies and freight brokers forming,” she adds. “We signed significantly more start-ups than during the same period last year.”
The Interstate Capital Group of Companies is a leading provider of accounts receivable factoring, freight bill factoring, fuel discount cards, freight matching, freight broker credit reports, property broker bonds, fuel advances, truck and trailer financing, and logistics 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.