Freight factoring is a financial service that trucking and transportation companies use to improve their cash flow. It involves selling their accounts receivable, or unpaid invoices, to a third-party company known as a factor, which provides immediate cash to carriers on their unpaid invoices. This type of service allows trucking companies to access the funds they need to cover operational expenses, pay drivers, and invest in their business without waiting for customers to pay their invoices. By utilizing freight factoring, carriers can maintain a steady cash flow and ensure smooth operations. For more information about freight factoring, please contact us at any time.
Our freight factoring product is non-recourse and ideal for startup trucking and transportation companies, even if they are owner-operators starting with just one truck. Factoring allows you to offer credit to your customers for up to 90 days, but you don't have to wait 90 days for payment. ADVANTAGES High advances on freight bills Non-recourse factoring (We assume the credit risk ) Flexible terms / Competitive rates (Our objective is to beat our competition) Programs customized to your needs You choose which invoices to factor 24/7 free online credit checks Online reporting Invoice generator Invoices are submitted electronically (little or no extra paperwork) Fuel Card Fuel Advances Excellence in customer service FUEL PROGRAM Universal acceptance at more than 6,400 truck stops in the U.S. and Canada Fuel discounts in over 1,900 locations No minimum usage requirements Low, simple transaction fees Online card maintenance and account management tools 24/7 customer service GET STARTED