Prime Coverage Group, Inc. is a freight factory company:

focused on building strong, long- lasting relationships with customers.

was founded in to help carriers and owner-operators maintain a positive cash flow while growing their business.

has experience working with small, medium, and large companies.

Our Philosophy

Prime Coverage Group, Inc. is passionate about delivering expert advice to our clients, managing their assets, financial affairs, and creating solutions that enable them to reach their financial ambitions in highly competitive markets. We are deeply rooted in the community. Our commitment has been and will continue to be one centered on supporting the financial growth of our customers, operating responsibly as a good corporate citizen, creating a great place to work for our people and working hard to improve our environment.

Our Mission

To be a leading factor in the country, supporting the development of small and middle businesses.

Our Vision

The mission of Prime Coverage Groups is to contribute to the sustainable development companies by providing responsible financial services and solutions to small and medium enterprises, using internationally recognized best factoring practices. We are committed to delivering value for our clients, employees, and society at large. The mission is based on our values: integrity and openness, professionalism and commitment to customers.

Our Goals

To secure market position as a leading financial service provider for micro and small business customers.

KEY PRODUCTS AND SERVICES

What We Offer?

Prime Coverage Group, Inc. is a reliable new way of corporate financing by providing the cash flow needed for the companies to fuel its growth

Immediate payment on account receivables due

No Financial Ceiling; the more invoices you generate, the more funds you receive

We manage your collection, you choose which invoice to finance

What Are The Benefits Of Factoring?

provide trucking companies with fast and reliable cash flow through the purchase of freight bills.

covered upfront and scheduled expenses – fuel, tires, truck maintenance, insurance premiums, truck payments, and payroll.

free company's management to focus more on basic areas of business such as service, operations and marketing through outsourcing the credit investigation and collection tasks to Factors.

Market Analysis

Total Factoring Volume in the last 5 years in USA and Canada

** in millions of USD

The global factoring services market size was estimated at USD 3,566.99 billion in 2022 and is expected to reach USD 3,773.88 billion in 2023.

The global factoring services market is expected to witness a compound annual growth rate of 9.2% from 2023 to 2030 to reach USD 7,005.90 billion by 2030.

Ready To Get Started?

HOW TO APPLY?

The first step in the factoring application process is collecting and sharing basic information about your business, such as its legal name and revenue.

From there, you’ll provide details about your invoices. Most importantly, payment terms and periods. The more information you supply the easier it is for us to check eligibility criteria and determine if you’re a good fit.

Once an application has been submitted, the Commission does the following: checks it is admissible (complete and properly put together) and eligible asks independent experts to evaluate it

We will review a completed admission accompanied by the relevant documents, ask you for any additional information that’s required, and provide you with a proposal that outlines our offer to you

The final step in the application process is deciding if you’ll sign on with the Prime Coverage Group, Inc. The factoring agreement is the foundation of our relationship.

WHAT IS A PROCESS FLOW?

Freight factoring does one simple thing: it pays you faster for work you’ve already done.

The freight factoring process starts with searching for a load that fits your operation. Once you find a match, the only action needed before booking the load is confirming that the customer is approved by your factor. Once your factor approves your broker and you book your load, You haul a load from one place to the other.

When the job is done, you’ LL submit your paperwork to the factoring company - You’ll send any relevant documents like invoices, rate confirmations, proof of delivery (POD) and other paperwork associated with the load to us through email

We will deposit 90% of the money owed by your supplier into your account within 24-48 hours of receiving your documents. This means that we hold the invoice and will collect payment from your customer, leaving you free to take on the next load.

Our purpose is simple: To help carriers or owner-operators who face cash flow problems receive payments faster. The costs of daily operations for trucking companies can add up fast and waiting months for the payments you already earned is simply unfeasible in many circumstances. Prime Coverage Groups, Inc address that problem by paying carriers upfront for their invoices so they can continue their daily operations without a problem.

client portfolio

E-FACTORING

BAD DEBT PROTECTION