FREIGHT FACTORING

CASH FLOW
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GET THE MOST MONEY, IN MORE WAYS

with Freight Factoring from eCapital

Your business demands a constant source of money. That’s why eCapital provides the best freight factoring in the industry with the most money, in more ways than anyone else. Plus, the lowest factoring rates and best service from experts who understand the needs of transportation companies.

Freight Factoring

eCapital Line of Credit

EXTRA MONEY

Only eCapital gives you an automatic, pre-approved Line of Credit. It’s extra money for covering bills, repairs, or whatever comes along.

  • You’re automatically approved when you open your account
  • Credit is available whenever you use freight factoring with eCapital (up to $2,500 per truck)
  • Tap into funds for unexpected expenses and new opportunities
Get Extra Money
Extra Money for When You Need It
INSTANT TRANSFERS TO YOUR BANK, 24/7
eCapital InstaPay

INSTANT MONEY

With eCapital InstaPay, after freight factoring your invoices you can make split-second transfers to your bank—even after hours or on holidays and weekends. It’s the easy way to receive money with no waiting or hassles. Plus, you never have to worry about banking hours.

  • Transfer money instantly—24/7, 365 days a year
  • It’s the fastest, cheapest way to move money to your bank
  • Pay just $10 for instant transfers
Get Instant Money
eCapital Visa® Commercial Card

FASTER MONEY

With eCapital Visa® Commercial Cards, you can immediately access your money everywhere Visa is accepted—including ATMs. It works just like a debit card connected to your eCapital freight factoring account. Plus, you can send drivers cash 24/7.

  • Give out unlimited Visa® Commercial Cards to employees
  • Set spending limits and specify purchase types by card
  • Use your Visa® card at ATMs to withdraw up to $300 per day
  • Easily track expenses
  • Pay no annual fees or interest rates
Get Faster Money
Immediate Access to Your Money
Easily Track and Manage Your Money
eCapital Connect

Easy MONEY

Manage your money your way with eCapital Connect—a revolutionary client portal and one-stop-shop built for businesses like yours. This flexible, secure platform connects you to your funds and more.

Easy-to-Use: Easily access, track, transfer and manage freight factoring funds—all in one place

More Control: Direct how and when funds and credit are accessed, 24/7

Smart Reporting: Make informed decisions from anywhere with visibility into every transaction and real-time reporting

Get Easy Money
FREIGHT FACTORING PLUS

MORE MONEY AND MORE OF
WHAT YOUR BUSINESS NEEDS

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    NEW FIVE STAR LOAD BOARD

    Find high-paying loads with automatic credit checks built-in, so you know you’ll be paid by reputable shippers and brokers.
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    FUEL DISCOUNT PROGRAM

    Save thousands every month and never pay full price for diesel again with discount fuel cards that can be used at more than 16,000 locations.
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    BACK-OFFICE SUPPORT

    Let us handle many of your administrative needs at no additional cost. Plus, get world-class support, including evenings and Saturdays.

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    NEW FIVE STAR DISPATCH

    Our company also offers a simple but powerful dispatch tool to manage all aspects of your trucking or brokerage business.
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    FREE CREDIT CHECKS

    Check the creditworthiness of your shippers and brokers online for free. It’s a fast and easy way to accept loads with confidence.
    Learn more

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    90-DAY RISK-FREE TRIAL

    Try our easy-to-use services, handy tools, and friendly support for up to three months before you decide.

FREIGHT FACTORING GETS YOU PAID FAST

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

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DON’T JUST TAKE OUR WORD FOR IT

For over 25 years eCapital a freight factoring company has helped more than 30,000 businesses grow. We want to do the same for you. Take a look at the latest reviews from our customers on TrustPilot!

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We guarantee great service

We’re committed to getting you the financing you need, backed with the best possible factoring service. We aim to maintain a strong, long-lasting relationship with you. Try freight factoring and discover for yourself that we’re always in your corner.

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FREQUENTLY ASKED QUESTIONS
ABOUT FREIGHT FACTORING

What is Freight Factoring?

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.

How Does Freight Factoring Work?

It’s simple! First, sign up. Setup is fast and easy and you’ll get approved right away for transport factoring. Then, deliver a load. Upon delivery you submit any paperwork to show the work was completed (invoice, rate confirmation and signed bill of lading) via web upload to our client portal or through the mobile app. Then you start factoring by receiving up to 100% of your invoice immediately. The funds are transferred directly into your eCapital account.

Do I Qualify for Freight Factoring?

Companies experiencing high growth, financial difficulty or are starting up qualify for freight factoring. Other examples of companies who qualify include:

  • Freight brokers
  • Intermodal and container freight companies
  • Long haul transportation carriers

How is Freight Factoring different than a bank loan?

Freight factoring is different than a commercial line of credit because:

  • Qualification is based on your customer’s credit score: One of the main differences between factoring transportation receivables and applying for a business loan is how the financial institution determines your creditworthiness. When you apply for a business loan, your bank will base their decision on how creditworthy you and your business are. When qualifying for factoring, the decision is based on how creditworthy your customers are. That is especially helpful for a business that is already stretched its available credit, or to a newer business that has yet to build its credit history.
  • What is considered acceptable collateral: For a business loan, you will often be asked by the bank to put up collateral such as a building, piece of equipment, or personal assets like your home. With freight factoring, the invoice sent to your client (ie: your accounts receivable) becomes your collateral, no other hard assets are required.
  • How and when it is repaid: Most business financing requires regularly scheduled payments stretched over a specified period of time (for example: monthly). With freight factoring or freight bill factoring, you receive an advance up to 98% of the invoice amount within 24 hours of submitting your invoice to the transportation factoring company. Our logistics factoring fees are deducted from the advance making the cost of factoring simple, easy to manage and affordable.

How does Freight Factoring help my startup trucking company?

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.

  • Easier to obtain than a bank loan
  • Get cash immediately after documentation approval
  • Avoid using business or personal assets as collateral
  • Avoid risk by checking customers credit rating
  • Avoid chasing receivables
  • Expert advice from trucking industry experts who know your business
  • No monthly payment obligations
  • No need to re-negotiate payment terms every time you need additionally funding

How long does it take to setup Freight Factoring with eCapital?

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.

How much will factoring cost my trucking company?

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 the Difference Between Recourse and Non Recourse Factoring?

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.

LEARN MORE ABOUT FREIGHT FACTORING

Invoice Factoring for Trucking 101: Solving Your Cash Flow ProblemBlog
09.21.22

Freight Factoring for Truckers: Everything You Need to Know

A freight invoice is a document the load recipient signs when you deliver a load at its basic level. Upon signing, the freight carrier or owner-operator confirms that the load…
20 Easy Ways Trucking Companies Can Increase Profit Margins This MonthBlog
06.20.22

20 Easy Ways Trucking Companies Can Increase Profit Margins This Month

You’re a great truck driver. You know how to choose the best routes, are always reliable and deliver on time, every time. But it takes more than being a great…
How to Choose the Best Freight Factoring Company For Your BusinessBlog
06.24.21

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…

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