As a USA Truck Brokers Inc carrier, you now have access to a preferred 2.4% factoring rate exclusively through eCapital. Get fast funding, flexible terms, and expert support so you can keep your trucks moving and your cash flow steady.
With decades of experience in transportation, we know how fast things can pile up. That’s why we make running your business easier. With fast access to cash flow and support from industry experts, we handle the hard stuff so you can keep your business moving forward.
Our mobile app and online portal simplify managing your cash flow while giving your drivers a quick and easy way to upload invoices on the go.
Customized solutions and terms to match the requirements of your business and get funded in as fast as 1 hour.
Work with a team that understands transportation inside and out, bringing decades of experience and tailored guidance to help you grow.
With our industry experience and trusted partnerships, we’ve developed cost-saving solutions to reduce your operating expenses – so you can stay focused on your business and keep your trucks moving.
Spend less on fuel at locations across North America and keep your trucks moving with $5K in pre-approved credit.
Get paid in as little as 1 hour and instantly move your money 24/7, 365 days a year.
Manage your account and finances and access tools to help you save money and simplify operations for your drivers.
With dedicated account management and full back-office support, our transportation experts will make your day-to-day easier so you can focus on your growth.
We offer resources to help you save on tires, maintenance, and the everyday expenses that keep your fleet moving.
Make smarter load decisions and check your customers’ credit before you commit with our credit check tool.
With eCapital’s freight factoring solution, you’ll always get more—more cash flow, more flexibility, and more support. Get paid faster, keep your trucks moving, and focus on growing your business while we handle the rest.
For over a decade, eCapital has fueled growth for more than 30,000 businesses. As North America’s largest freight factoring company, we’re ready to do the same for you. See what our customers are saying in the latest reviews.
Freight factoring, truck factoring or logistics factoring is a specialized form of invoice factoring designed for the transportation industry. It is a mainstream financial strategy that involves factoring transportation receivables by the selling of account receivable invoices at a discounted rate in exchange for immediate cash.
Here’s how freight factoring typically works:
Freight factoring provides immediate cash flow to trucking companies, allowing them to cover operational expenses, such as fuel costs, driver wages, equipment maintenance, and other business needs, without having to wait for the clients’ payment. It helps trucking businesses improve their cash flow and maintain smooth operations by converting their unpaid invoices into working capital.
Companies experiencing high growth, financial difficulty or are starting up qualify for freight factoring. Other examples of companies who qualify include:
Freight factoring is different than a commercial line of credit because:
Freight Factoring provides owner operators with trucking startup companies immediate access to capital. With this, you avoid the 30 to 90 day payment period common in the trucking industry. If you do business with creditworthy customers then you qualify for freight factoring.
Getting to know your business is a priority. As a logistics factoring company we want to make sure we offer you the best options possible that match the growing needs of your business. We’ll want to talk to you within 24 hours of you contacting us and we’ll need to see a certain amount of paperwork before we make a decision. If we have the paperwork we need from you, we can make a decision in a couple of days of you getting in touch. That’s why our clients like working with us. We don’t hang around, and you are not required to sign long term contracts.
Costs are dependent on the services you use and the amount of invoices we collect payment for on your behalf. Contact us today for a free, no-obligation quote.
What is recourse factoring?
Recourse factoring is a factoring agreement in which a trucking company sells its invoice receivables to a factoring company with the understanding that if the invoice remains unpaid after the recourse period for any reason (usually 60 to 90 days), the trucking company will be obligated to buy the invoice back.
Recourse factoring is the most popular type of factoring. It is more flexible and costs less than non-recourse factoring.
What is non-recourse factoring?
Non-recourse factoring is a factoring agreement in which a trucking company sells its invoice receivables to a factor with the understanding that if the debtor (your company’s customer) does not pay the invoice by the end of the recourse period, the factoring company may be obligated to absorb the loss. However, in non-recourse factoring, it is important to note that no universal definition specifies the liability’s circumstances. (More on this in the next section).
In effect, non-recourse factoring is like recourse factoring with an added layer of bad debt protection. For this reason, it may be more appealing to trucking companies who deal with higher-risk shippers and shippers who have been known to exceed their agreed-upon payment dates.
A factoring company, also known as a trucking factoring company or transportation factoring company, is a specialized financial institution that provides freight factoring services to businesses in the transportation industry, particularly trucking companies and freight carriers. These companies offer a range of financial services tailored to the specific needs of transportation businesses.
Looking for more in-depth answers about freight factoring? Read our article All 44 of Your Freight Factoring Questions Answered
