Freight Factoring for Trucking Companies

The fastest, smartest, easiest way to get paid.

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Get a free quote in minutes.

Let’s Talk

Get a free quote in minutes.

Freight Factoring Pays Fast

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Get Paid In

24 Hours

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Process

trucker factoring

Grow Your

Business

How Will You Benefit?

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Fast Cash

Invoices paid in 24 hours or same day if you need it.

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90 Day Trial

Go ahead, try us out. Risk free.

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NON-RECOURSE FACTORING AVAILABLE

Let us take on the risk of non-payment.

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Extended Hours

Evenings and even Saturdays!

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Back Office Support

We take care of collections and billing for you.

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Fair, Affordable Rates

Say hello to rates you can work with.

Our Clients Love Us

Get Paid Faster

No hassles. Money in your hands in hours, not days.

Get Quote
  1. Sign Up
  2. Upload Paperwork
  3. Get Paid Fast

What Types of Transportation Businesses Use Factoring?

trucker factoring

Owner Operators

Fleet factoring

Fleets

Broker factoring

Brokers

Is Factoring Expensive?

The first question you might be asking yourself is how much it costs. Determining your rate is quite straight forward. All factoring companies use a few basic criteria to calculate the rate:

  • Total dollar volume you factor each month
  • Average invoice amount
  • Collection period
  • Diversity base of your customers (referred to as “concentrations”)
  • Type of freight

Based on these criteria, rates are typically 1%-5% of the amount invoiced. The benefits of receiving immediate cash typically far outweigh the fee.

A Typical Factoring Scenario

Invoice Value

$1,500

Factoring Rate

2%

Total Cost To You

$30

From Our Blog

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09.16.20

How to Calculate Days Sales Outstanding

You work long hard hours on the road, day after day to deliver freight safely and on time. All the while you’re managing the anxiety of waiting for invoices to…
BlogFreight Factoring
09.03.20

The Best Key Performance Indicators for Trucking Companies

If you own or manage a trucking company, knowing the key performance indicators (KPIs) is crucial to the success of your organization. KPIs may differ per organization and certainly per…
BlogCorporate
08.19.20

The Advantages of “One Stop” Purchase Order and Accounts Receivable Financing

Most commercial financial transactions follow a well-established process:  A transaction starts with a purchase order, an electronic or paper document issued by the Buyer detailing the amount and specifications of goods…
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