123Loadboard and Thunder Funding Announce Partnership
123Loadboard and Thunder Funding have formed a partnership to streamline the process of making instant cash funding available to load board users who need capital to fund the delivery of their loads.
The synergy between 123Loadboard and Thunder Funding will allow carriers who find loads on 123Loadboard’s website and mobile app platform, the ability to fund their invoices through the use of a program called 123 Fuel Advance, whereby carriers can quickly and electronically submit their paperwork for funding, usually receiving funds within minutes.
“We saw great value in teaming up with a top rated load board to offer a quick funding program to trucking companies throughout the US and Canada. By utilizing the power of the load board, we can extend our services to an industry that relies on consistent cash flow. 123Loadboard has been an integral part of our success and offers an easy-to-use platform among so many other things” says John Downing, President of Thunder Funding.
Knowing that their potential clients are engaging with major load boards on a daily basis, it was imperative that Thunder Funding have access to load search results so they can offer their load factoring service. 123Loadboard is enthusiastic about the new arrangement.
“Many load board companies are offering factoring and we wanted to work with a factoring company to provide more benefits like fuel advances to our customers and Thunder Funding fits the bill perfectly. Our load board enables the carrier to have a full service experience all in one place,” says Loarn Metzen, VP, 123Loadboard.
Founded in 2004, 123Loadboard provides a freight matching marketplace for carriers, owner-operators, brokers and shippers to engage with pertinent, easy-to-use trucking tools using the latest technologies to help professional truck drivers find loads and increase their loaded miles. Affordable web and mobile apps allow users to customize their subscription to meet their specific needs. The company is a trusted source for freight matching, credit, compliance issues, mileage and is one of the few trucking services where posting loads is still free. Visit 123Loadboard for more information.
About Thunder Funding
Thunder Funding is North America’s premier carrier services and freight factoring company. Ranked as a Top Freight Factoring Company by Truckers Report, Thunder Funding boasts more than 50 years of service to the transportation and logistics industry with factoring, fuel advances, fuel cards, insurance, compliance, and more. Visit Thunder Funding to learn more.