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

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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

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Get Paid Faster

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

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  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

BlogBusiness Success TipsFreight Factoring
04.14.21

Typical Freight Factoring Terms You Should Know

Reliable access to working capital is a critical necessity for any trucking company. The choice to start factoring freight bills to support operations and fuel growth is a sound business…
BlogBusiness Success TipsFreight Factoring
04.07.21

How Working Capital Can Challenge Trucking Companies

A company’s working capital is a core part of funding its daily operations. Despite the extreme importance of over-the-road services, freight carriers and brokers continue to experience difficulty in meeting the…
BlogBusiness Success TipsFreight Factoring
03.31.21

Company Driver vs Owner Operator – What’s the Difference?

With positive projections of healthy market conditions stretching out over the next two years and more, there is no better time to launch their own trucking company. As the massive…
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