Freight Factoring

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Your trucking operation may benefit from freight factoring if:

You often find yourself waiting for customers to make payment on invoices
Waiting for customers to pay makes it difficult for your trucking company to take on new orders or fulfill larger trucking contracts
Your trucking company does not always have adequate cash flow on hand to meet operational expenses
Your trucking business needs access to working capital in order to grow, replace equipment or expand

Freight factoring improves cash flow by freeing up the working capital that would otherwise be tied up in unpaid customer invoices. Ready to apply? Request a free, no-obligation quote or complete our application online:

Fees as low as 1%
High advances with low holdbacks
FAST funding and approvals in as little as 1 business day
Flexible programs tailored to your business – small invoices welcome!

Comparing the top freight factoring companies to expedite cash flow and grow your trucking business? Look no further!

Get a quote for invoice factoring services with fast approvals and funding, low factoring fees and high advances, with a program tailored to the unique needs of your trucking business.

Get a free, no-obligation freight factoring quote in as little as 24 hours.

1. APPLY

Submit an inquiry to get a free, no-risk freight factoring quote with a program tailored to your trucking business goals and preferences.

2. FACTOR

Factoring trucking invoices and go from approval to your funding in as little as 24-48 hours — or even faster.

3. GET FUNDING

Get fast approvals and advances on factored invoices to expedite cash flow and grow your freight business faster.

Freight Factoring Calculator

Find out how much working capital you could unlock immediately by factoring trucking invoices on the same day they are generated, instead of waiting weeks — or months — to get paid.

How the Freight Factoring Process Works

When you factor freight bills you can often have an advance funded within 1-2 days (or even faster) – up to 95%* of the face value of the invoice, with a low holdback (or even no holdback).

For instance, if you are billing a customer in the amount of $12,000 but you want to access the funds without waiting weeks – or months – for your customer to pay.

Assuming a factoring fee of 3%, and an advance rate of 95%, here’s how it would work:

OVERVIEW
Day 1 –	Generate a $12,000 trucking invoice and factor it
– Day 2-3	Receive $11,400 – a 95% advance – by wire transfer or ACH
	Factoring company earns $360 – a 3% factoring fee
Day 30+	You receive the holdback (or “reserve”) after the invoice is paid

*Your freight factoring rate could be as low as 1% – ask about volume discounts!

Request more information to receive a personalized quote.

What Do Freight Factoring Companies Do?

Freight factoring companies factor (or buy) outstanding accounts receivable invoices from freight and trucking companies. Freight factoring companies advance a percentage (usually from 90-95%) of the face value of an invoice to the trucking company immediately and return any reserve amount (or “holdback”) once the factoring company has received full payment for the invoice. Freight factoring fees vary, but often range from 5-10%, depending on the credit-worthiness of the customer responsible to pay the invoice.

Here’s how the freight factoring process works:

A transportation company fulfills a customer shipping order and an accounts receivable invoice is generated
They factor the invoice to a freight factoring company for a small fee (called a factoring fee) and receive an advance as a percentage of the invoice amount within 1-2 business days (or faster)
After the customer pays the invoice amount, any holdback amount held in reserve is also returned to the transportation company

Find out whether this might be an appropriate financing tool for your trucking business by contacting us or requesting a free, no-obligation factoring proposal.

How to Benefit from Factoring Freight Invoices

Benefits of Factoring Freight Bills

Freight factoring is a means of gaining access to working capital your trucking business has already earned and invoiced – so you can use the financing for a wide variety of purposes, such as:

Improving cash flow
Adding trucks, trailers and drivers to your fleet
Financing equipment and repairs
Taking on larger accounts
Hauling more loads at the same time
Marketing and advertising
Gaining competitive advantages, like offering more flexible payment options to your own customers
Meeting payroll and operational expenses
Negotiating early-pay discounts

Since no two trucking businesses are alike, we offer flexible, tailored programs that can be customized to the unique needs and goals of your trucking business. Request a free, no-obligation quote. You could go from approval to your first funding in hours and unlock the working capital you need to grow your company.

Freight Factoring Rates From 1% and High Advances

Low freight factoring fees and high advances are just two of the reasons to reach out to us for a free, no-obligation factoring quote. Here are some of the other benefits the best freight factoring companies can provide:

Fast funding on factored freight bills – as little as 1 business day
Low hold-back rates
No long-term contracts
No factoring minimums – factor only when you choose to
Credit checks to help you vet new customers
Reduce administrative overhead processing accounts receivable and collections
No hidden fees – no application, proposal, or notification fees – programs where the factoring fee is your all-in cost

Request a no-cost, no-obligation freight factoring quote and receive an answer in as little as 24 hours. Upon approval, receive initial funding for factored invoices in as little as 1 business day. We would love to help you find the freight factoring program that can help your trucking business grow faster.