GROWING With Purpose

We have been expanding our resources to support our vision.

Our Story

Over the past 15 years, our organization has evolved to become a leading alternative lender in North America. As we honed our vision, our business model focused on growing and acquiring critical resources that would support our business objectives. Through these continuing efforts, we are building a reputation as a strong alternative lender: delivering working capital solutions that meet our clients’ unique needs first and foremost.

2019

eCapital ACQUIRED

The addition of eCapital in 2019 catapulted our freight factoring division into the top tier of providers in the U.S. market based on overall brand recognition and deal volume.

2018

PARAGON FINANCIAL ACQUIRED

The second pillar of current service offerings was added in 2018 with the acquisition of Paragon Financial. Through Paragon, we were able to expand our focus into broader commercial finance (outside of the traditional banking system).

2014

$100M USD in AUM

First major milestone achieved less than 2 years after the setup of our current leadership structure.

2006

COMPANY WAS FOUNDED

The financial roots of our organization were officially established in 2006.

2020

BIBBY FINANCIAL SOLUTIONS ACQUIRED

The Bibby NA acquisition illustrated our commitment to enhancing our depth of resources within existing service areas, while also rapidly expanding our overall divisional volume and customer bases.

2019

ACCUTRAC CAPITAL SOLUTIONS ACQUIRED

With the acquisition of Accutrac Capital, we officially added another major alternative lending category: freight factoring, as we aggressively entered the $700 billion transportation sector.

2017

GERBER FINANCE ACQUIRED

Our first major acquisition in 2017 launched us directly into the industry-leading New York marketplace in the high demand category of asset-based lending.

2012

CURRENT LEADERSHIP MODEL WAS CREATED

Our current leadership team took control of the organization in 2012 and began the development of a long-term strategy to compete aggressively in the alternative lending category.

2020

BIBBY FINANCIAL SOLUTIONS ACQUIRED

The Bibby NA acquisition illustrated our commitment to enhancing our depth of resources within existing service areas, while also rapidly expanding our overall divisional volume and customer bases.

2019

eCapital ACQUIRED

The addition of eCapital in 2019 catapulted our freight factoring division into the top tier of providers in the U.S. market based on overall brand recognition and deal volume.

2019

ACCUTRAC CAPITAL SOLUTIONS ACQUIRED

With the acquisition of Accutrac Capital, we officially added another major alternative lending category: freight factoring, as we aggressively entered the $700 billion transportation sector.

2018

PARAGON FINANCIAL ACQUIRED

2017

GERBER FINANCE ACQUIRED

Our first major acquisition in 2017 launched us directly into the industry-leading New York marketplace in the high demand category of asset-based lending.

2014

$100M USD in AUM

First major milestone achieved less than 2 years after the setup of our current leadership structure.

2012

CURRENT LEADERSHIP MODEL WAS CREATED

Our current leadership team took control of the organization in 2012 and began the development of a long-term strategy to compete aggressively in the alternative lending category.

2006

COMPANY WAS FOUNDED

The financial roots of our organization were officially established in 2006.

Find out more

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866.640.8083

Cost-per-mile-calculator

Step 1 of 6

Your Fixed Costs
Fixed costs are expenses that your company incurs whether your trucks are hauling a load or sitting in the parking lot. Fixed costs include expenses like insurance, property leases, permits and other services. We've included the national average for fixed costs numbers below. Please change each value to reflect your costs and see your results in real time.
How much do you pay for your truck payment?
If you are making lease payments on your truck, then you can enter that expense here. Otherwise, you can enter 0.
How much is your trailer payment?
If you are making lease payments on your trailer, then you can enter that expense here. Otherwise, you can enter 0.
How much do you pay for insurance & medical?
You can include your truck insurance, health insurance, and drug and alcohol testing expenses here.
How much do you pay for your license, permits & registration?
You can include your annual vehicle inspection, IRP renewal, tractor & trailer registrations, driver's license renewal, state business annual report, UCR and HUVT 2290 expenses here. To get your monthly expenses, just divide the total by 12.

How much do you pay for ELD and home parking?
You can add your monthly ELD and home parking expenses.
How much do you pay for your phone & internet?
You can include your cell phone, landline, and internet expenses here.
How much do you pay for software & services?
You can include your accounting software, Amazon Prime or Netflix expenses here.
How much do you pay for business development?
You can include your load board, OOIDA membership or website marketing expenses here.

Your Variable Costs
Variable costs are those that your company spends in operating its trucks. These costs include fuel, maintenance, repairs, meals, lodging and other expenses incurred on the road. We've included the national average for variable cost numbers below. Please change each value to reflect your costs.
How much do you pay for your home office?
You can include your office supplies, postage, office equipment & accessories or educational classes & materials expenses here.
How much do you pay for maintenance & supplies?
You can include your tires, truck maintenance, truck washes, truck supplies, fuel additives, cleaning supplies, small tools, gloves or sunglasses expenses here.
How much do you pay for tolls & taxes?
You can include your IFTA, tolls or scale expenses here.
How much do you pay for travel expenses?
You can include hotel/lodging, shower, paid parking on the road or meals here.

How much do you pay for truck repairs?
You can include simple/large repairs, body work or corrective action expenses here.
How much do you pay for fuel?
You can include your monthly fuel expenses here.
How much do you pay in miscellaneous expenses?
You can include any other expenses that you incur while on the road.
How much do you pay for drivers’ salaries?
You can include what you pay your drivers here. If you are an owner-operator, then include your pay here.

Your Revenue
To determine your profits, please enter your monthly revenue and total miles driven. We've included the national average numbers below to get you started.
What was your total in accounts receivable?
You can add up all your invoices and enter it here.
And finally, how many miles did you drive?
You should maintain a driver’s log book that includes the date and total miles driven within a 24-hour period.

Your Cost per mile
Your profit per mile
Your profit per month
You average rate per mile
How do you compare to the national average below?

National Flat Bed Rates: $2.11
National Reefer Rates: $2.07
National Van Rates: $1.77
Source: DAT

Congrats! If you were able to meet or beat it.
If not, then here are some tips you might consider:

Tip #1: Negotiate better rates. Keep tabs on fuel pricing, supply and demand trends, and other influencers so you are prepared when negotiating rates.
Tip #2: Provide superior customer service and build relationships with brokers and shippers that offer the best loads.
Tip #3: Be flexible. Consider niche freight or lanes that pay higher rates.
The most effective way to increase your profit is to reduce your highest variable costs. Review each item to identify areas where you can eliminate small, needless expenses. It's easy to blow $5 to $10 without thinking about it.