COPPELL, Texas, May 9, 2013 – Advance Business Capital, leading freight factoring company for owner operators, small to mid-sized fleets and freight brokers, today announced its exclusive partnership with DAT, which operates the industry’s largest network of load boards.
“We strive to provide our customers with the best experience possible, which includes partnering with other industry leaders,” said Steven Hausman, president and CEO of Advance Business Capital. “Since becoming a member of the Triumph Bancorp, Inc. group, we have been given the opportunity to expand our footprint. Our exclusive relationship with DAT builds on what we have created in ways that will produce tangible benefits for our customers – from owner operators to large fleets, as well as transportation intermediaries.”
The partnership between Advance Business Capital and DAT will heighten the customer’s experience by offering a variety of services from both companies seamlessly. For example, users of DAT load boards can immediately see which loads are approved for factoring with Advance Business Capital. Streamlining this, and other processes between the two companies, will give customers a more efficient and effective experience.
“For six years, ABC has provided DAT customers extremely valuable services.” says Don Thornton, senior vice president, DAT sales. “The exclusive relationship will allow us to expand those services and make it easier for both carriers and brokers to expedite freight movements on the spot market cost-effectively.”
“Advance Business Capital is committed to the success of small trucking companies,” said Jason Mullican, vice president channel marketing at Advance Business Capital. “With this partnership, we are able to create a constant line of communication between the two companies, which will allow us to be a more efficient, full-service factoring company, by making the process more seamless and increasing the number of our value-added service offerings to our clients.”
About Advance Business Capital
Advance Business Capital is one of the dominant players in American freight factoring. In addition to its principal service of purchasing accounts receivables for trucking companies, Advance Business Capital offers a comprehensive suite of “back office” services that lift a heavy accounting and paperwork burden from small to midsized trucking companies. These services include billing and collection, online credit checks, break-even analysis, business training and fuel card purchasing management. Since joining Triumph Bancorp, Inc. group in January 2012, Advance Business Capital has developed the ability to offer equipment financing and asset based lending products through Triumph Commercial Finance.