BAM. The money tree is here.
BAM Worldwide specializes in providing a hassle-free alternative to traditional lending to provide operating capital to the transportation industry. With BAM, you no longer have to wish for your own money tree.
“The team at BAM Worldwide is an excellent fit for our company. Cash flow is always an issue for a small businesses, and they came in and said that they could give us exactly what we need–and delivered. Their team will work with you relentlessly to ensure the transition to BAM Worldwide is smooth. I’d recommend BAM to any 3PL needing cash flow to grow.”
Kris Tryber | Co-Founder | Power Only Transit
Mark Guido | General Manager | Blue Star
Capital Meets TechnologyBAM provides a low-cost capital lending solution that is fully automated using our free software, or can be integrated with an existing package.
Easy AccessGain access to working capital based on your size and credit profile.
Improve EfficiencyIntegrate services and reduce operational costs to maximize workflow.
Grow ProfitablyBuild a foundation for growth without the hassles of a bank line or factoring company.
Our solution is simple; it’s called BAMwire™
With BAMWire, you get the capital you need when you need it to grow your business, improve your credit rating and lower your carrier days2pay, all while improving your company’s profitability.
Reach out today and find out why companies like yours use BAM Worldwide funds.
Increase credit scores by lowering carrier days to pay
Improve profitability by finding more truck capacity and moving freight faster
Get cash only when you need it; no obligation to use BAM funds for every transaction
Finance existing carrier Quick Pay program or implement a new, custom one
Flexibility to choose which invoices and amounts to fund
Get immediate, electronic advances on receivables
Inexpensive financing with average transaction fee of 1.5%
Carriers & Brokers
Fast, easy access to capital
Maintain control of all communications with valued customers
No personal guarantees required
Payoff/consolidate higher interest rate debt
Just ask our customers BAM Worldwide is different!
Now more than ever the large majority of freight brokers are under tremendous pressure to accept longer terms from shippers and provide shorter terms to carriers, but lack the capital to do so. Brokers that can’t offer “Quick Pay” are at a competitive disadvantage. At the same time, some freight brokerage financing solutions, like engaging with factoring companies are leaving carriers cash-constrained. BAMwire™ solves this friction for carriers and brokers by injecting funds through the broker to improve payment terms.
Interest only on capital for days oustanding
- Review total costs beforehand
- No extended or inflated fees
State-of-the-art technology platform
- Integrated payment processing
- Generate forms automatically
Real-time data reporting
- Access on-demand information
- Tools to analyze and optimize business
Simple enough your mother would approve
BAMwire™ Calculates pricing options with terms; Broker negotiates and submits load order (Load Rate Confirmation) to carrrier.
What we offer
BAMwire™ manages the process
BAMwire™ calculates pricing options with terms. Broker negotiates and submits load order (Broker Rate Confirmation) to carrier
Upon freight delivery confirmation BAMwire™ generates:
- Carrier invoice/opens an account payable to Carrier
- Shipper invoice/opens receivable from Shipper
- Pays carrier determined advance % of load as directed by broker
- Manages receivables/collection process with shipper
- Closes out transaction at the collection of the shipper receivable and final disbursement
ShipperShipper places order confirmation with broker.
BrokerBroker accepts load, (Shipper Rate Confirmation) in BAMwire™.
CarrierCarrier accepts load from broker (Broker Rate Confirmation).
BAM WorldwideAll steps flow through the BAMwire™ System.
Built by Transportation Professionals for Transportation Professionals
Want to know more?
BAMwire™ is a specialty finance software and operations platform that advances against the current receivables of transportation brokers. The company has revolutionized the traditional funds transfer and advance process in the freight transportation industry by injecting transactional level capital into the freight brokerage payment process to meet the working capital needs of freight carriers.
We know running a freight brokerage business has financial restrictions and risks making it difficult to operate and grow.
As shippers increase their terms and carriers insist on quicker payment to haul for you, the need for accessible cash arises. At BAM, we take you out of the banking business and put you back in control of running the business at hand.