Insurance Down Payment Assistance
At Single Point, we understand that the initial hurdle for new trucking companies often lies in the down payment for insurance. The upfront cost can be substantial, presenting a challenge. That is why we created a streamlined process, making insurance down payments more manageable for your business.
Clients who have enrolled in factoring services with Single Point Capital can benefit from our deferred down payment program. In three simple steps, we can defer up to 50% of your insurance down payment.
Our Process
Step 1
Single Point works with your insurance agent to confirm coverage and your down payment amount
Step 2
Single point pays up to 50% of your down payment
Step 3
The advance is repaid from your factored invoices over a period of 6-10 weeks
