Freight Factoring for Trucking Companies

The fastest, smartest, easiest way to get paid.

Let’s Talk

Get a free quote in minutes.

Let’s Talk

Get a free quote in minutes.

Freight Factoring Pays Fast

an icon of a coin floating above a hand

Get Paid In

24 Hours

Easy Sign-Up

Process

trucker factoring

Grow Your

Business

How Will You Benefit?

Checkmark

Fast Cash

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

Checkmark

90 Day Trial

Go ahead, try us out. Risk free.

Checkmark

NON-RECOURSE FACTORING AVAILABLE

Let us take on the risk of non-payment.

Checkmark

Extended Hours

Evenings and even Saturdays!

Checkmark

Back Office Support

We take care of collections and billing for you.

Checkmark

Fair, Affordable Rates

Say hello to rates you can work with.

Our Clients Love Us

See All Reviews

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

BlogCash Flow TipsFreight FactoringFreight Factoring Blog
02.24.21

Bank Loan vs Freight Factoring

Lock and Load Your Backup Financial Plan – Get Ready for High Demand 2021 is shaping up to be a good year in trucking with growing demand for capacity and…
Truck driver reviews a clip board in front of a transport truckBlogFreight Factoring
02.17.21

Checklist: How to Choose the Best Factoring Company

You’ve made a great decision; to leverage your accounts receivable and access fast cash by factoring your invoices. The next step is to find the best factoring company for trucking…
BlogFreight FactoringFreight Factoring Blog
02.10.21

Is being an owner operator in 2021 worth it?

Last year proved to be a significant year for the trucking industry as the entire globe faced the effects of the coronavirus pandemic. Trucking was declared an essential service for…
See what we can do for your business.